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South Africa - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
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South Africa: Woolen Yarn Market Overview 2021

Woolen Yarn Market Size in South Africa

The South African woolen yarn market stood at $X in 2020, standing approx. at the previous year. In general, the total consumption indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The growth pace was the most rapid in 2019 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in years to come.

Woolen Yarn Production in South Africa

In value terms, woolen yarn production contracted modestly to $X in 2020 estimated in export prices. Overall, the total production indicated prominent growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. As a result, production attained the peak level of $X, and then dropped in the following year.

Woolen Yarn Exports

Exports from South Africa

In 2020, the amount of yarn of wool exported from South Africa shrank notably to X tonnes, with a decrease of -X% compared with 2019 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2019 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, woolen yarn exports shrank to $X in 2020. Over the period under review, exports, however, posted a pronounced expansion. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2019, and then shrank in the following year.

Exports by Country

Germany (X tonnes) was the main destination for woolen yarn exports from South Africa, with a X% share of total exports. Moreover, woolen yarn exports to Germany exceeded the volume sent to the second major destination, the U.S. (X tonnes), threefold. The third position in this ranking was occupied by Norway (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Norway (+X% per year).

In value terms, Germany ($X) remains the key foreign market for woolen yarn exports from South Africa, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and China (+X% per year).

Export Prices by Country

The average woolen yarn export price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, export price indicated a measured expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, woolen yarn export price increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. The export price peaked in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was China ($X per tonne), while the average price for exports to Swaziland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic, while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into South Africa

In 2020, supplies from abroad of yarn of wool increased by X% to X tonnes, rising for the fourth consecutive year after three years of decline. Overall, imports recorded a measured expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, woolen yarn imports soared to $X in 2020. In general, imports continue to indicate a perceptible decrease. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Turkey (X tonnes) constituted the largest woolen yarn supplier to South Africa, accounting for a X% share of total imports. Moreover, woolen yarn imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Chile (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of woolen yarn to South Africa, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Chile (+X% per year).

Import Prices by Country

In 2020, the average woolen yarn import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2016; however, from 2017 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Chile ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Chile, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for yarn of wool in the world?
+
China (281K tonnes) constituted the country with the largest volume of woolen yarn consumption, comprising approx. 32% of total volume. Moreover, woolen yarn consumption in China exceeded the figures recorded by the second-largest consumer, India (51K tonnes), fivefold. Indonesia (47K tonnes) ranked third in terms of total consumption with a 5.3% share.
What are the largest producers of yarn of wool in the world?
+
The country with the largest volume of woolen yarn production was China (303K tonnes), comprising approx. 34% of total volume. Moreover, woolen yarn production in China exceeded the figures recorded by the second-largest producer, India (57K tonnes), fivefold. Italy (50K tonnes) ranked third in terms of total production with a 5.6% share.
What are the leading suppliers of yarn of wool to South Africa?
+
In value terms, Turkey ($899K) constituted the largest supplier of woolen yarn to South Africa, comprising 56% of total imports. The second position in the ranking was occupied by China ($329K), with a 21% share of total imports.
What are the leading importers of yarn of wool from South Africa?
+
In value terms, Germany ($5.5M) remains the key foreign market for woolen yarn exports from South Africa, comprising 38% of total exports. The second position in the ranking was occupied by the U.S. ($2.7M), with a 19% share of total exports. It was followed by China, with a 11% share.
What is the average export price for yarn of wool in South Africa?
+
The average woolen yarn export price stood at $36,508 per tonne in 2020, increasing by 8.1% against the previous year.
What is the average import price for yarn of wool in South Africa?
+
In 2020, the average woolen yarn import price amounted to $5,047 per tonne, which is down by -26.2% against the previous year.

Product coverage:
• Prodcom 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
• Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
• Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.

This report provides an in-depth analysis of the woolen yarn market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• South Africa

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in South Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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