South Africa: Knotted Carpet Market 2024

Knotted Carpet Market Size in South Africa

The South African knotted carpet market soared to $X in 2022, jumping by 18% against the previous year. Over the period under review, consumption, however, saw a mild downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Knotted Carpet Production in South Africa

In value terms, knotted carpet production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2014 when the production volume increased by 28% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Knotted Carpet Exports

Exports from South Africa

In 2022, knotted carpet exports from South Africa fell dramatically to X square meters, reducing by -38.5% on 2021 figures. In general, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. Over the period under review, the exports reached the peak figure at X square meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, knotted carpet exports declined remarkably to $X in 2022. Overall, exports faced a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 17%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lesotho (X square meters) was the main destination for knotted carpet exports from South Africa, with a 35% share of total exports. Moreover, knotted carpet exports to Lesotho exceeded the volume sent to the second major destination, Namibia (X square meters), threefold. Swaziland (X square meters) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Lesotho amounted to -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-5.7% per year) and Swaziland (-15.6% per year).

In value terms, Lesotho ($X), Botswana ($X) and Swaziland ($X) were the largest markets for knotted carpet exported from South Africa worldwide, together accounting for 49% of total exports. Namibia, Zambia, Mozambique and Malawi lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Mozambique, with a CAGR of -6.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average knotted carpet export price stood at $X per square meter in 2022, picking up by 18% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 40%. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Knotted Carpet Imports

Imports into South Africa

Knotted carpet imports into South Africa reduced slightly to X square meters in 2022, remaining relatively unchanged against 2021 figures. Overall, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 58%. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, knotted carpet imports reached $X in 2022. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X square meters), Iran (X square meters) and Pakistan (X square meters) were the main suppliers of knotted carpet imports to South Africa, with a combined 75% share of total imports. India, Turkey and the United Arab Emirates lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +14.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest knotted carpet suppliers to South Africa were India ($X), Pakistan ($X) and Iran ($X), together comprising 81% of total imports. China, Turkey and the United Arab Emirates lagged somewhat behind, together comprising a further 10%.

China, with a CAGR of -1.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average knotted carpet import price stood at $X per square meter in 2022, surging by 2.3% against the previous year. Over the period under review, the import price, however, saw a mild decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per square meter), while the price for China ($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 India (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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