Africa: Woolen Fabric Market 2022

Woolen Fabric Market Size in Africa

The African woolen fabric market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, continues to indicate a noticeable slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Woolen Fabric Production in Africa

In value terms, woolen fabric production rose modestly to $X in 2021 estimated in export price. In general, production, however, showed a noticeable setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 20% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Woolen Fabric Exports

Exports in Africa

Woolen fabric exports declined to X square meters in 2021, with a decrease of -11.9% compared with 2020. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 55%. As a result, the exports attained the peak of X square meters. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, woolen fabric exports skyrocketed to $X in 2021. In general, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 89% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Morocco represented the largest exporting country with an export of about X square meters, which amounted to 47% of total exports. Egypt (X square meters) ranks second in terms of the total exports with a 14% share, followed by Tunisia (2%), Mali (4.6%) and South Africa (26%). The following exporters - Benin (X square meters), Lesotho (X square meters) and Tunisia (X square meters) - each finished at a 5.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mali (with a CAGR of +68.0%), while the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) remains the largest woolen fabric supplier in Africa, comprising 58% of total exports. The second position in the ranking was held by Egypt ($X), with a 28% share of total exports. It was followed by South Africa, with an 11% share.

In Morocco, woolen fabric exports declined by an average annual rate of -6.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (-7.3% per year) and South Africa (-8.0% per year).

Export Prices by Country

The export price in Africa stood at $X per square meter in 2021, growing by 56% against the previous year. Export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the export prices reached the maximum at $X per square meter in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Egypt ($X per square meter), while Lesotho ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Woolen Fabric Imports

Imports in Africa

In 2021, overseas purchases of woven woolen fabrics were finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 23%. The volume of import peaked at X square meters in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, woolen fabric imports totaled $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 24%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Morocco dominates imports structure, resulting at X square meters, which was near 83% of total imports in 2021. Egypt (X square meters) held the second position in the ranking, followed by Tunisia (X square meters). All these countries together took near 5.9% share of total imports. Mauritius (X square meters), South Africa (X square meters) and Senegal (X square meters) held a little share of total imports.

Morocco was also the fastest-growing in terms of the woven woolen fabrics imports, with a CAGR of +5.5% from 2012 to 2021. South Africa (-1.6%), Senegal (-2.3%), Tunisia (-10.9%), Mauritius (-19.2%) and Egypt (-27.6%) illustrated a downward trend over the same period. Morocco (+27 p.p.) significantly strengthened its position in terms of the total imports, while Mauritius, Tunisia and Egypt saw its share reduced by -2.7%, -11.2% and -12.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported woven woolen fabrics in Africa, comprising 84% of total imports. The second position in the ranking was taken by Tunisia ($X), with a 7.5% share of total imports. It was followed by South Africa, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Morocco totaled +4.8%. The remaining importing countries recorded the following average annual rates of imports growth: Tunisia (-10.2% per year) and South Africa (-4.1% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per square meter, waning by -13.3% against the previous year. In general, the import price saw a slight setback. The most prominent rate of growth was recorded in 2013 an increase of 9.5%. Over the period under review, import prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mauritius ($X per square meter), while Senegal ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritius (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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