Africa: Raw Silk Market 2024

Raw Silk Market Size in Africa

In 2022, the African raw silk market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a pronounced setback. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Raw Silk Production in Africa

In value terms, raw silk production surged to $X in 2022 estimated in export price. In general, production saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The country with the largest volume of raw silk production was Tunisia (X tons), accounting for X% of total volume. Moreover, raw silk production in Tunisia exceeded the figures recorded by the second-largest producer, Madagascar (X tons), threefold. The third position in this ranking was taken by Egypt (X tons), with a X% share.

In Tunisia, raw silk production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Madagascar (X% per year) and Egypt (X% per year).

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Raw Silk Exports

Exports in Africa

Raw silk exports skyrocketed to X tons in 2022, with an increase of X% on the year before. Over the period under review, exports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, raw silk exports surged to $X in 2022. In general, exports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Tunisia (X tons) was the largest exporter of raw silk, generating X% of total exports. It was distantly followed by Rwanda (X tons), committing a X% share of total exports.

Tunisia experienced a relatively flat trend pattern with regard to volume of exports of raw silk. At the same time, Rwanda (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Tunisia (X p.p.) and Rwanda (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) emerged as the largest raw silk supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Rwanda ($X), with a X% share of total exports.

In Tunisia, raw silk exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Rwanda stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Rwanda (X%).

Raw Silk Imports

Imports in Africa

In 2022, approx. X tons of raw silk were imported in Africa; increasing by X% compared with the previous year's figure. In general, imports, however, saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, raw silk imports skyrocketed to $X in 2022. Overall, imports, however, showed a pronounced slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Tunisia prevails in imports structure, accounting for X tons, which was near X% of total imports in 2022. The following importers - Morocco (X kg), Egypt (X kg) and Ghana (X kg) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to raw silk imports into Tunisia stood at X%. At the same time, Ghana (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tunisia, Morocco and Ghana increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) constitutes the largest market for imported raw silk in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

In Tunisia, raw silk imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, picking up by X% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, raw silk import price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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