South Africa: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in South Africa

After four years of decline, the South African knitted shawl and scarf market increased by 27% to $X in 2022. Overall, consumption, however, saw a deep reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in South Africa

In value terms, knitted shawl and scarf production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt setback. Knitted shawl and scarf production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from South Africa

After two years of growth, overseas shipments of shawls, scarves and the like of knitted or crocheted textiles decreased by -34.1% to X units in 2022. Over the period under review, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 86% against the previous year. As a result, the exports attained the peak of X units, and then fell notably in the following year.

In value terms, knitted shawl and scarf exports dropped to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 60% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Botswana (X units), Namibia (X units) and Swaziland (X units) were the main destinations of knitted shawl and scarf exports from South Africa, together accounting for 75% of total exports. Lesotho, Finland, Canada and the United States lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +45.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for knitted shawl and scarf exported from South Africa were Finland ($X), Botswana ($X) and Namibia ($X), together comprising 62% of total exports.

Finland, with a CAGR of +57.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average knitted shawl and scarf export price amounted to $X per unit, jumping by 37% against the previous year. Over the period under review, the export price, however, showed a abrupt curtailment. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to Swaziland ($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 Finland (+8.5%), while the prices for the other major destinations experienced a decline.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into South Africa

For the fifth year in a row, South Africa recorded decline in purchases abroad of shawls, scarves and the like of knitted or crocheted textiles, which decreased by -38.6% to X units in 2022. In general, imports faced a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 20% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, knitted shawl and scarf imports fell remarkably to $X in 2022. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest knitted shawl and scarf supplier to South Africa, accounting for a 83% share of total imports. Moreover, knitted shawl and scarf imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Turkey (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-14.2% per year) and Turkey (+5.3% per year).

In value terms, China ($X) constituted the largest supplier of shawls, scarves and the like of knitted or crocheted textiles to South Africa, comprising 85% of total imports. The second position in the ranking was held by Brazil ($X), with a 2% share of total imports. It was followed by India, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+153.4% per year) and India (-14.0% per year).

Import Prices by Country

In 2022, the average knitted shawl and scarf import price amounted to $X per unit, increasing by 32% against the previous year. In general, the import price posted a remarkable increase. The growth pace was the most rapid in 2020 when the average import price increased by 43%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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