SADC: Knitted Fabric Market 2024

Knitted Fabric Market Size in SADC

In 2022, the SADC knitted fabric market increased by X% to $X, rising for the second year in a row after three years of decline. The total consumption indicated a tangible increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Knitted Fabric Production in SADC

In value terms, knitted fabric production shrank to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Knitted Fabric Exports

Exports in SADC

In 2022, knitted fabric exports in SADC skyrocketed to X tons, jumping by X% on 2021 figures. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, knitted fabric exports soared to $X in 2022. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Mauritius (X tons) represented the key exporter of knitted or crocheted fabrics, committing X% of total exports. South Africa (X tons) ranks second in terms of the total exports with an X% share, followed by Tanzania (X%) and Swaziland (X%).

Exports from Mauritius increased at an average annual rate of X% from 2012 to 2022. At the same time, Tanzania (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. South Africa experienced a relatively flat trend pattern. From 2012 to 2022, the share of Tanzania, Mauritius and Swaziland increased by X, X and X percentage points, respectively.

In value terms, Mauritius ($X) remains the largest knitted fabric supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports. It was followed by Swaziland, with an X% share.

In Mauritius, knitted fabric exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Swaziland (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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 South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced a decline in the export price figures.

Knitted Fabric Imports

Imports in SADC

In 2022, approx. X tons of knitted or crocheted fabrics were imported in SADC; growing by X% on 2021 figures. Total imports indicated resilient growth 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, knitted fabric imports skyrocketed to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, South Africa (X tons) represented the main importer of knitted or crocheted fabrics, making up X% of total imports. Madagascar (X tons) ranks second in terms of the total imports with a X% share, followed by Lesotho (X%). Tanzania (X tons) and Angola (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to knitted fabric imports into South Africa stood at X%. At the same time, Angola (X%) and Madagascar (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Lesotho (X%) and Tanzania (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Madagascar and Angola increased by X, X and X percentage points, respectively.

In value terms, South Africa ($X), Madagascar ($X) and Lesotho ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Tanzania and Angola lagged somewhat behind, together comprising a further X%.

Angola, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Lesotho ($X per ton), while Angola ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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