South Africa: Noils Of Wool Market 2024

Noils Of Wool Market Size in South Africa

The South African noils of wool market fell slightly to $X in 2022, dropping by X% against the previous year. Overall, the total consumption indicated a remarkable 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. Noils of wool consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Noils Of Wool Production in South Africa

In value terms, noils of wool production shrank to $X in 2022 estimated in export price. Overall, the total production indicated a temperate 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Noils Of Wool Exports

Exports from South Africa

In 2022, the amount of noils of wool or fine animal hair exported from South Africa contracted to X tons, waning by X% compared with 2021 figures. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, noils of wool exports dropped to $X in 2022. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Italy (X tons) and the UK (X tons) were the main destinations of noils of wool exports from South Africa, with a combined X% share of total exports. Spain and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), China ($X) and Spain ($X) were the largest markets for noils of wool exported from South Africa worldwide, together comprising X% of total exports.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average noils of wool export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to India ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Noils Of Wool Imports

Imports into South Africa

In 2022, supplies from abroad of noils of wool or fine animal hair increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, noils of wool imports skyrocketed to $X in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Lesotho (X tons) and Mauritius (X tons) were the main suppliers of noils of wool imports to South Africa.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lesotho (with a CAGR of X%).

In value terms, Lesotho ($X) and Mauritius ($X) constituted the largest noils of wool suppliers to South Africa.

Among the main suppliers, Lesotho, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average noils of wool import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price, however, recorded prominent growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per ton), while the price for Lesotho totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%).

Source: IndexBox Platform

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