South Africa: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in South Africa

For the fifth consecutive year, the South African tufted textile fabric market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption recorded a deep reduction. Tufted textile fabric consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Tufted Textile Fabric Production in South Africa

In value terms, tufted textile fabric production declined to $X in 2022 estimated in export price. In general, production saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tufted Textile Fabric Exports

Exports from South Africa

In 2022, tufted textile fabric exports from South Africa totaled X square meters, increasing by X% against the previous year. Over the period under review, exports saw strong growth. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, tufted textile fabric exports surged to $X in 2022. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Zimbabwe (X square meters) was the main destination for tufted textile fabric exports from South Africa, with a X% share of total exports. Moreover, tufted textile fabric exports to Zimbabwe exceeded the volume sent to the second major destination, Lesotho (X square meters), more than tenfold. The third position in this ranking was taken by Namibia (X square meters), with a X% share.

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

In value terms, Zimbabwe ($X) remains the key foreign market for tufted textile fabrics exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Namibia ($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 Zimbabwe amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Botswana (X% per year).

Export Prices by Country

The average tufted textile fabric export price stood at $X per square meter in 2022, jumping by X% against the previous year. In general, the export price enjoyed moderate growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($X per square meter), while the average price for exports to Lesotho ($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 Namibia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Tufted Textile Fabric Imports

Imports into South Africa

In 2022, tufted textile fabric imports into South Africa reduced markedly to X square meters, with a decrease of X% compared with 2021 figures. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X square meters in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, tufted textile fabric imports declined remarkably to $X in 2022. Overall, imports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest tufted textile fabric supplier to South Africa, with a X% share of total imports. Moreover, tufted textile fabric imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X square meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of tufted textile fabrics to South Africa, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average tufted textile fabric import price amounted to $X per square meter, surging by X% against the previous year. Overall, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per square meter), while the price for South Korea ($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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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