South Africa: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in South Africa

In 2021, the South African market for other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -1% to $X, falling for the fourth year in a row after six years of growth. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in South Africa

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning reached $X in 2021 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -37.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth remained at a lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from South Africa

In 2021, approx. X tons of other synthetic tow and staple not carded, combed or otherwise processed for spinning were exported from South Africa; jumping by 19% on the previous year. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 651%. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 395%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Kenya (X tons), Angola (X tons) and Nigeria (X tons) were the main destinations of exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from South Africa, with a combined 73% share of total exports. These countries were followed by Tanzania, Democratic Republic of the Congo, Ghana, China and Lebanon, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +164.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other synthetic tow and staple not carded, combed or otherwise processed for spinning exported from South Africa were Kenya ($X), Angola ($X) and Nigeria ($X), together comprising 72% of total exports. These countries were followed by Tanzania, China, Ghana, Democratic Republic of the Congo and Lebanon, which together accounted for a further 21%.

In terms of the main countries of destination, China, with a CAGR of +221.6%, 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

In 2021, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into South Africa

Imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning into South Africa contracted dramatically to X tons in 2021, falling by -24% compared with the previous year's figure. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 when imports increased by 128% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning reduced sharply to $X in 2021. Overall, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of 202% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to South Africa, with a 80% share of total imports. Moreover, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold. The third position in this ranking was held by Japan (X tons), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.1% per year) and Japan (-28.5% per year).

In value terms, China ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to South Africa, comprising 73% of total imports. The second position in the ranking was taken by South Korea ($X), with an 8.5% share of total imports. It was followed by Japan, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.7% per year) and Japan (-26.8% per year).

Import Prices by Country

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, with a decrease of -33.8% against the previous year. Overall, the import price continues to indicate a mild decrease. The growth pace was the most rapid in 2018 an increase of 47%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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