SADC: Embroidery Market 2024

Embroidery Market Size in SADC

The SADC embroidery market dropped to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, recorded a resilient expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Embroidery Production in SADC

In value terms, embroidery production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Embroidery Exports

Exports in SADC

In 2022, the amount of embroidery (without visible ground) in the piece exported in SADC skyrocketed to X tons, growing by X% on the previous year's figure. In general, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2015 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, embroidery exports soared to $X in 2022. Overall, exports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Lesotho (X kg), creating a X% share of total exports. The following exporters - Mauritius (X kg) and Namibia (X kg) - each accounted for a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Lesotho (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Namibia experienced a relatively flat trend pattern. By contrast, Mauritius (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) and Lesotho (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mauritius (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Lesotho (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then plummeted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Embroidery Imports

Imports in SADC

In 2022, approx. X tons of embroidery (without visible ground) in the piece were imported in SADC; falling by X% compared with 2021 figures. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, embroidery imports reduced dramatically to $X in 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malawi (X tons) and South Africa (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Botswana (X tons), making up a X% share of total imports. Namibia (X kg), Angola (X kg) and Madagascar (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Malawi (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported embroidery (without visible ground) in the piece in SADC, comprising X% of total imports. The second position in the ranking was held by Madagascar ($X), with a X% share of total imports. It was followed by Malawi, with a X% share.

In South Africa, embroidery imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Madagascar (X% per year) and Malawi (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a slight decrease. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Madagascar ($X per ton), while Malawi ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform