Africa: Woolen Fabric Market 2024

Woolen Fabric Market Size in Africa

The African woolen fabric market totaled $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Woolen Fabric Production in Africa

In value terms, woolen fabric production rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Woolen Fabric Exports

Exports in Africa

In 2022, overseas shipments of woven woolen fabrics were finally on the rise to reach X square meters for the first time since 2016, thus ending a five-year declining trend. In general, exports, however, recorded a noticeable downturn. Over the period under review, the exports reached the maximum at X square meters in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, woolen fabric exports skyrocketed to $X in 2022. Overall, exports, however, recorded a pronounced setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Ethiopia (X square meters), Morocco (X square meters) and South Africa (X square meters) represented roughly X% of total exports in 2022. The following exporters - Lesotho (X square meters), Egypt (X square meters) and Nigeria (X square meters) - each resulted at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) remains the largest woolen fabric supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Ethiopia ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

In Morocco, woolen fabric exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ethiopia (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per square meter, reducing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per square meter in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per square meter), while Nigeria ($X per square meter) 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 mixed trends in the export price figures.

Woolen Fabric Imports

Imports in Africa

In 2022, approx. X square meters of woven woolen fabrics were imported in Africa; jumping by X% compared with the previous year's figure. Total imports indicated a notable expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, woolen fabric imports rose significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Morocco dominates imports structure, finishing at X square meters, which was approx. X% of total imports in 2022. It was distantly followed by Burkina Faso (X square meters) and Tunisia (X square meters), together comprising a X% share of total imports. The following importers - Senegal (X square meters) and South Africa (X square meters) - together made up X% of total imports.

Imports into Morocco increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Burkina Faso (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Morocco, Burkina Faso and Senegal increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Morocco stood at X%. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per square meter, falling by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per square meter in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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