South Africa: Textile Wall Covering Market 2024

Textile Wall Covering Market Size in South Africa

In 2023, the South African textile wall covering market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a pronounced downturn. Textile wall covering consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Textile Wall Covering Production in South Africa

In value terms, textile wall covering production reduced to $X in 2023 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Textile wall covering production peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

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Textile Wall Covering Exports

Exports from South Africa

In 2023, shipments abroad of textile wall coverings decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, saw resilient 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 hit record highs at X square meters in 2022, and then fell sharply in the following year.

In value terms, textile wall covering exports skyrocketed to $X in 2023. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2023 and are likely to continue growth in years to come.

Exports by Country

The Netherlands (X square meters) was the main destination for textile wall covering exports from South Africa, accounting for a X% share of total exports. Moreover, textile wall covering exports to the Netherlands exceeded the volume sent to the second major destination, Swaziland (X square meters), more than tenfold. The third position in this ranking was held by Botswana (X square meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (X% per year) and Botswana (X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for textile wall coverings exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Botswana ($X), with a X% share of total exports. It was followed by Swaziland, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Swaziland (X% per year).

Export Prices by Country

In 2023, the average textile wall covering export price amounted to $X per square meter, with an increase of X% against the previous year. In general, the export price showed resilient growth. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked at $X per square meter in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per square meter), while the average price for exports to the United States ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wall Covering Imports

Imports into South Africa

For the third year in a row, South Africa recorded decline in overseas purchases of textile wall coverings, which decreased by X% to X square meters in 2023. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X square meters. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, textile wall covering imports surged to $X in 2023. Overall, imports, however, recorded measured growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports failed to regain momentum.

Imports by Country

China (X square meters), Japan (X square meters) and Belgium (X square meters) were the main suppliers of textile wall covering imports to South Africa, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest textile wall covering suppliers to South Africa were the United States ($X), Belgium ($X) and Italy ($X), with a combined X% share of total imports. France, China, Germany, Japan, the Netherlands, Thailand, Brazil, India and South Korea lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the average textile wall covering import price amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for South Korea ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform