South Africa: Sails Market 2025

Sails Market Size in South Africa

In 2022, the South African sails market decreased by -25% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption continues to indicate a slight slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Sails Production in South Africa

In value terms, sails production reached $X in 2022 estimated in export price. Overall, production, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Sails Exports

Exports from South Africa

For the fourth consecutive year, South Africa recorded decline in shipments abroad of sails, which decreased by -5.3% to X tons in 2022. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, sails exports expanded notably to $X in 2022. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 24%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Botswana (X tons), Namibia (X tons) and Swaziland (X tons) were the main destinations of sails exports from South Africa, with a combined 57% share of total exports. The United States, Zambia, Democratic Republic of the Congo, Croatia, France, the Netherlands, British Virgin Islands, Mozambique, Curacao and the UK lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +23.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for sails exports from South Africa, comprising 23% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 6.4% share of total exports. It was followed by France, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-10.3% per year) and France (-12.0% per year).

Export Prices by Country

In 2022, the average sails export price amounted to $X per ton, with an increase of 16% against the previous year. In general, the export price, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Curacao (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sails Imports

Imports into South Africa

In 2022, sails imports into South Africa fell markedly to X tons, shrinking by -66.3% against the previous year. In general, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2016 when imports increased by 495% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sails imports reduced sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2016 with an increase of 261%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of sails to South Africa, accounting for a 96% share of total imports. It was followed by Sri Lanka (X kg), with a 2.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.1%.

In value terms, the largest sails suppliers to South Africa were China ($X) and Sri Lanka ($X).

In terms of the main suppliers, Sri Lanka, with a CAGR of +22.5%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average sails import price stood at $X per ton in 2022, with an increase of 75% against the previous year. Over the period under review, the import price showed a resilient increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 181% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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