SADC: Woolen Fabric Market 2024

Woolen Fabric Market Size in SADC

In 2023, the SADC woolen fabric market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption recorded a noticeable curtailment. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Woolen Fabric Production in SADC

In value terms, woolen fabric production contracted slightly to $X in 2023 estimated in export price. Overall, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Woolen Fabric Exports

Exports in SADC

After three years of growth, shipments abroad of woven woolen fabrics decreased by X% to X square meters in 2023. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X square meters. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, woolen fabric exports shrank to $X in 2023. Over the period under review, exports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, resulting at X square meters, which was near X% of total exports in 2023. It was distantly followed by Malawi (X square meters) and Lesotho (X square meters), together generating a X% share of total exports. Swaziland (X square meters) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to woolen fabric exports from South Africa stood at X%. At the same time, Swaziland (X%), Malawi (X%) and Lesotho (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Malawi, Lesotho and Swaziland increased by X, X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest woolen fabric supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Lesotho ($X), with a X% share of total exports. It was followed by Swaziland, with a X% share.

In South Africa, woolen fabric exports shrank by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Lesotho (X% per year) and Swaziland (X% per year).

Export Prices by Country

The export price in SADC stood at $X per square meter in 2023, growing by X% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per square meter in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per square meter), while Malawi ($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 Lesotho (X%), while the other leaders experienced a decline in the export price figures.

Woolen Fabric Imports

Imports in SADC

After two years of growth, purchases abroad of woven woolen fabrics decreased by X% to X square meters in 2023. In general, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X square meters. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, woolen fabric imports rose modestly to $X in 2023. Overall, imports, however, continue to indicate a temperate expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, South Africa (X square meters) was the largest importer of woven woolen fabrics, achieving X% of total imports. It was distantly followed by Madagascar (X square meters), Botswana (X square meters), Mauritius (X square meters) and Swaziland (X square meters), together achieving a X% share of total imports. Tanzania (X square meters) held a minor share of total imports.

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

In value terms, Madagascar ($X) constitutes the largest market for imported woven woolen fabrics in SADC, comprising X% of total imports. The second position in the ranking was taken by Mauritius ($X), with an X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Madagascar totaled X%. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per square meter, jumping by X% against the previous year. Import price indicated resilient growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Madagascar ($X per square meter), while Botswana ($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 Tanzania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform