South Africa: Cotton Yarn Market 2024

Cotton Yarn Market Size in South Africa

In 2022, the South African cotton yarn market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated a strong expansion 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. Cotton yarn consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Cotton Yarn Exports

Exports from South Africa

In 2022, approx. X tons of cotton yarn were exported from South Africa; with a decrease of X% against the year before. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cotton yarn exports shrank significantly to $X in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Swaziland (X tons) was the main destination for cotton yarn exports from South Africa, accounting for a X% share of total exports. It was followed by Australia (X tons), with a X% share of total exports. Botswana (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Swaziland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Botswana (X% per year).

In value terms, Swaziland ($X) remains the key foreign market for cotton yarn exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Botswana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Swaziland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Botswana (X% per year).

Export Prices by Country

The average cotton yarn export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Yarn Imports

Imports into South Africa

In 2022, the amount of cotton yarn imported into South Africa contracted modestly to X tons, waning by X% on the previous year. The total import volume 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 pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted modestly in the following year.

In value terms, cotton yarn imports soared to $X in 2022. In general, total imports indicated a strong expansion 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 pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Lesotho (X tons), Mauritius (X tons) and Mozambique (X tons) were the main suppliers of cotton yarn imports to South Africa, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mozambique (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton yarn suppliers to South Africa were Mauritius ($X), Lesotho ($X) and Mozambique ($X), with a combined X% share of total imports.

Mozambique, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cotton yarn import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mauritius ($X per ton), while the price for Zimbabwe ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :