Africa: Spun Yarn Market 2021

Spun Yarn Market Size in Africa

The African spun yarn market contracted remarkably to $X in 2019, with a decrease of -X% against the previous year. Over the period under review, consumption saw a abrupt slump. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Spun Yarn Production in Africa

In value terms, spun yarn production soared to $X in 2019 estimated in export prices. Overall, production posted measured growth. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2017 to 2019, production growth remained at a lower figure.

Production By Country in Africa

The countries with the highest volumes of spun yarn production in 2019 were South Africa (X tons), Egypt (X tons) and Swaziland (X kg), together comprising X% of total production.

From 2007 to 2019, the biggest increases were in South Africa, while spun yarn production for the other leaders experienced more modest paces of growth.

Spun Yarn Exports

Exports in Africa

In 2019, the amount of yarn spun from silk waste exported in Africa skyrocketed to X tons, with an increase of X% compared with 2018. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, exports reached the peak of X tons. From 2017 to 2019, the growth exports failed to regain the momentum.

In value terms, spun yarn exports soared to $X in 2019. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The level of export peaked at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

In 2019, Egypt (X tons) was the main exporter of yarn spun from silk waste, achieving X% of total exports. It was distantly followed by South Africa (X kg), mixing up a X% share of total exports.

Egypt was also the fastest-growing in terms of the yarn spun from silk waste exports, with a CAGR of +X% from 2007 to 2019. South Africa (-X%) illustrated a downward trend over the same period. While the share of Egypt (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of South Africa (-X p.p.) displayed negative dynamics.

In value terms, Egypt ($X) emerged as the largest spun yarn supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value in Egypt totaled +X%.

Export Prices by Country

The spun yarn export price in Africa stood at $X per ton in 2019, increasing by X% against the previous year. In general, the export price posted strong growth. The pace of growth was the most pronounced in 2017 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per ton in 2010; however, from 2011 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Egypt ($X per ton), while South Africa amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Africa.

Spun Yarn Imports

Imports in Africa

Spun yarn imports reduced sharply to X tons in 2019, dropping by -X% against 2018. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. From 2013 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, spun yarn imports plummeted to $X in 2019. Overall, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

Imports by Country

Senegal (X kg) and Madagascar (X kg) were the key importers of yarn spun from silk waste in 2019, reaching approx. X% and X% of total imports, respectively. Swaziland (X kg) ranks next in terms of the total imports with a X% share, followed by Egypt (X%), Ghana (X%) and Mozambique (X%). The following importers - Angola (X kg), Morocco (X kg), South Africa (X kg), Zambia (X kg), Ethiopia (X kg) and Lesotho (X kg) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Angola (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X) constitutes the largest market for imported yarn spun from silk waste in Africa, comprising X% of total imports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Madagascar totaled -X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and Senegal (+X% per year).

Import Prices by Country

In 2019, the spun yarn import price in Africa amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the import price, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2011 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2018, and then fell notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Egypt ($X per ton), while Lesotho ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Egypt, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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