South Africa: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2024

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in South Africa

The South African market for blankets and travelling rugs of synthetic fibres declined to $X in 2022, with a decrease of -6% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Travelling rugs of synthetic fibre consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in South Africa

In value terms, travelling rugs of synthetic fibre production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2015 when the production volume increased by 145%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from South Africa

In 2022, approx. X units of blankets and travelling rugs of synthetic fibres were exported from South Africa; declining by -15.9% against the year before. Over the period under review, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 43% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, travelling rugs of synthetic fibre exports reduced slightly to $X in 2022. In general, exports recorded a mild setback. The growth pace was the most rapid in 2017 when exports increased by 42%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Lesotho (X units), Namibia (X units) and Botswana (X units) were the main destinations of travelling rugs of synthetic fibre exports from South Africa, together accounting for 86% of total exports. Swaziland, Zambia, Angola, the United States, Malawi and Zimbabwe lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +25.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Lesotho ($X) and Botswana ($X) constituted the largest markets for travelling rugs of synthetic fibre exported from South Africa worldwide, with a combined 80% share of total exports. These countries were followed by Swaziland, the United States, Zambia, Angola, Malawi and Zimbabwe, which together accounted for a further 18%.

In terms of the main countries of destination, the United States, with a CAGR of +28.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2022, surging by 15% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 27% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malawi ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into South Africa

In 2022, approx. X units of blankets and travelling rugs of synthetic fibres were imported into South Africa; dropping by -25.2% compared with 2021 figures. In general, imports, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 135% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, travelling rugs of synthetic fibre imports dropped dramatically to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, China (X units) was the main travelling rugs of synthetic fibre supplier to South Africa, accounting for a 97% share of total imports. It was followed by India (X units), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.1%.

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of synthetic fibres to South Africa, comprising 96% of total imports. The second position in the ranking was held by India ($X), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +3.4%.

Import Prices by Country

In 2022, the average import price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, picking up by 8% against the previous year. In general, the import price, however, recorded a slight reduction. The pace of growth was the most pronounced in 2015 an increase of 48% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.3%).

Source: IndexBox Platform

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