SADC: Silk-Worm Cocoons Market 2024

Silk-Worm Cocoons Market Size in SADC

The SADC silk-worm cocoons market totaled $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Silk-Worm Cocoons Production in SADC

In value terms, silk-worm cocoons production amounted to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 53% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

The country with the largest volume of silk-worm cocoons production was Mozambique (X tons), accounting for 99% of total volume.

In Mozambique, silk-worm cocoons production increased at an average annual rate of +1.9% over the period from 2012-2022.

Silk-Worm Cocoons Exports

Exports in SADC

For the third year in a row, SADC recorded decline in overseas shipments of silk-worm cocoons (reelable), which decreased by -38.9% to X kg in 2022. Over the period under review, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 3,886% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, silk-worm cocoons exports soared to $X in 2022. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 2,897%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa represented the key exporter of silk-worm cocoons (reelable) in SADC, with the volume of exports amounting to X kg, which was approx. 88% of total exports in 2022. It was distantly followed by Botswana (X kg), making up a 12% share of total exports.

Exports from South Africa decreased at an average annual rate of -11.7% from 2012 to 2022. Botswana (-11.3%) illustrated a downward trend over the same period. While the share of South Africa (+61 p.p.) and Botswana (+8.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest silk-worm cocoons supplier in SADC, comprising 96% of total exports. The second position in the ranking was held by Botswana ($X), with a 4.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at -6.8%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, growing by 148% against the previous year. Over the period under review, the export price recorded a remarkable increase. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 South Africa ($X per ton), while Botswana stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.6%).

Silk-Worm Cocoons Imports

Imports in SADC

In 2022, approx. X tons of silk-worm cocoons (reelable) were imported in SADC; with an increase of 87% compared with 2021. Overall, imports, however, saw a abrupt setback. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silk-worm cocoons imports declined slightly to $X in 2022. In general, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 69% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the major importer of silk-worm cocoons (reelable) in SADC, with the volume of imports accounting for X kg, which was near 42% of total imports in 2022. It was distantly followed by Mozambique (X kg), Madagascar (X kg) and Tanzania (X kg), together generating a 49% share of total imports. Botswana (X kg) and Zambia (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mozambique (with a CAGR of +53.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Tanzania ($X) and South Africa ($X) were the countries with the highest levels of imports in 2022, with a combined 64% share of total imports.

Mozambique, with a CAGR of +45.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, declining by -47.9% against the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 76% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform