We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
South Africa - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

South Africa - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Mar 2, 2024

South Africa's Export of Woolen Yarn Surges to $1.6M in December 2023

South Africa Woolen Yarn Exports

In December 2023, the amount of yarn of wool exported from South Africa soared to 38 tons, growing by 32% on November 2023 figures. In general, exports, however, continue to indicate a pronounced contraction. The growth pace was the most rapid in February 2023 with an increase of 103% month-to-month. As a result, the exports reached the peak of 58 tons. From March 2023 to December 2023, the growth of the exports failed to regain momentum.

In value terms, woolen yarn exports amounted to $1.6M (IndexBox estimates) in December 2023. Overall, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in February 2023 with an increase of 158% m-o-m.South Africa Woolen Yarn Exports By Country (Thousand USD)

COUNTRYExport Value of Woolen Yarn in South Africa (thousand USD)
Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023
Germany5805531,2241,1426638097507701,163487907432515
Syrian Arab Republic187N/AN/AN/AN/AN/A175N/AN/AN/AN/AN/A165
Swaziland5.07.35.22.66.02.825.82.79.142.37.93.327.3
IrelandN/AN/A12314.8N/A120N/AN/A83.222.085.0N/AN/A
Others1,2552697895923401,2215651,3047471928521,064844
Total2,0268292,1421,7501,0092,1531,5162,0772,0037431,8521,5001,551

Exports by Country

Germany (14 tons) was the main destination for woolen yarn exports from South Africa, accounting for a 36% share of total exports. Moreover, woolen yarn exports to Germany exceeded the volume sent to the second major destination, Syrian Arab Republic (3.9 tons), threefold.

From December 2022 to December 2023, the average monthly growth rate of volume to Germany amounted to -1.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Syrian Arab Republic (-1.1% per month) and Swaziland (+14.3% per month).

In value terms, Germany ($515K) remains the key foreign market for woolen yarn exports from South Africa, comprising 33% of total exports. The second position in the ranking was held by Syrian Arab Republic ($165K), with an 11% share of total exports.

From December 2022 to December 2023, the average monthly rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Syrian Arab Republic (-1.1% per month) and Swaziland (+15.2% per month).

Exports by Type

Yarn of fine animal hair (carded or combed), not put up for retail sale (25 tons) was the largest type of woolen yarn exported from South Africa, with a 67% share of total exports. Moreover, yarn of fine animal hair (carded or combed), not put up for retail sale exceeded the volume of the second product type, yarn of wool or of fine animal hair, put up for retail sale (8.7 tons), threefold. The third position in this ranking was held by yarn of combed wool, not put up for retail sale (3.3 tons), with an 8.8% share.

From December 2022 to December 2023, the average monthly growth rate of the volume of export of yarn of fine animal hair (carded or combed), not put up for retail sale stood at -3.7%. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn of wool or of fine animal hair, put up for retail sale (+0.1% per month) and yarn of combed wool, not put up for retail sale (+5.7% per month).

In value terms, yarn of fine animal hair (carded or combed), not put up for retail sale ($1.1M) remains the largest type of woolen yarn exported from South Africa, comprising 73% of total exports. The second position in the ranking was held by yarn of wool or of fine animal hair, put up for retail sale ($298K), with a 19% share of total exports. It was followed by yarn of combed wool, not put up for retail sale, with a 7.8% share.

From December 2022 to December 2023, the average monthly rate of growth in terms of the export volume of yarn of fine animal hair (carded or combed), not put up for retail sale amounted to -3.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn of wool or of fine animal hair, put up for retail sale (+0.3% per month) and yarn of combed wool, not put up for retail sale (+8.2% per month).

Export Prices by Country

In December 2023, the woolen yarn price stood at $41,135 per ton (FOB, South Africa), with a decrease of -21.4% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 67% month-to-month. Over the period under review, the average export prices reached the maximum at $52,339 per ton in November 2023, and then contracted remarkably in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($112K per ton), while the average price for exports to Swaziland ($8,003 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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 2030.

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.

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

Recommended posts

Free Data: Yarn Of Wool - South Africa
Table
Yarn Of Wool - South Africa - Table
Dashboard
Yarn Of Wool - South Africa - Dashboard
Report
Yarn Of Wool - South Africa - Report