SADC: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in SADC

In 2023, the SADC market for machines for preparing, weaving and knitting textiles increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, recorded a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Machines For Preparing, Weaving And Knitting Textiles in SADC

In value terms, textile weaving and knitting machinery production expanded significantly to $X in 2023 estimated in export price. In general, production, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in SADC

After four years of growth, shipments abroad of machines for preparing, weaving and knitting textiles decreased by X% to X units in 2023. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, textile weaving and knitting machinery exports surged to $X in 2023. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, resulting at X units, which was near X% of total exports in 2023. The following exporters - Mauritius (X units) and Madagascar (X units) - each amounted to a X% share of total exports.

South Africa was also the fastest-growing in terms of the machines for preparing, weaving and knitting textiles exports, with a CAGR of X% from 2012 to 2023. At the same time, Madagascar (X%) displayed positive paces of growth. By contrast, Mauritius (X%) illustrated a downward trend over the same period. South Africa (X p.p.) and Madagascar (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, South Africa ($X) remains the largest textile weaving and knitting machinery supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total exports.

In South Africa, textile weaving and knitting machinery exports declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Madagascar (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mauritius ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in SADC

In 2023, after six years of growth, there was significant decline in supplies from abroad of machines for preparing, weaving and knitting textiles, when their volume decreased by X% to X units. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2022, and then declined dramatically in the following year.

In value terms, textile weaving and knitting machinery imports soared to $X in 2023. In general, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, South Africa (X units) represented the key importer of machines for preparing, weaving and knitting textiles, mixing up X% of total imports. It was distantly followed by Tanzania (X units), constituting a X% share of total imports. Mozambique (X units) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Tanzania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported machines for preparing, weaving and knitting textiles in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Mozambique (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2023, surging by X% against the previous year. Overall, the import price, however, showed a abrupt descent. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Africa ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform