South Africa: Spun Yarn Market 2021

Spun Yarn Market Size in South Africa

In 2019, the South African spun yarn market decreased by -X% to $X for the first time since 2012, thus ending a six-year rising trend. In general, consumption, however, posted a strong expansion. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Spun Yarn Production in South Africa

In value terms, spun yarn production stood at $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, production attained the maximum level in 2019 and is expected to retain growth in the immediate term.

Spun Yarn Exports

Exports from South Africa

In 2019, after four years of growth, there was significant decline in overseas shipments of yarn spun from silk waste, when their volume decreased by -X% to X kg. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X kg in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, spun yarn exports fell to $X in 2019. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Zambia (X kg) was the main destination for spun yarn exports from South Africa, with a X% share of total exports. Moreover, spun yarn exports to Zambia exceeded the volume sent to the second major destination, Botswana (X kg), fivefold. The third position in this ranking was occupied by Mozambique (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Zambia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+X% per year) and Mozambique (+X% per year).

In value terms, Zambia ($X) remains the key foreign market for spun yarn exports from South Africa, comprising X% of total exports. The second position in the ranking was occupied by Botswana ($X), with a X% share of total exports. It was followed by Swaziland, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Zambia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-X% per year) and Swaziland (+X% per year).

Export Prices by Country

In 2019, the average spun yarn export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Swaziland ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland, while the prices for the other major destinations experienced more modest paces of growth.

Spun Yarn Imports

Imports into South Africa

In 2019, imports of yarn spun from silk waste into South Africa dropped rapidly to X kg, waning by -X% against 2018 figures. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, spun yarn imports reduced sharply to $X in 2019. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2019, Italy (X kg) constituted the largest supplier of spun yarn to South Africa, accounting for a X% share of total imports. Moreover, spun yarn imports from Italy exceeded the figures recorded by the second-largest supplier, China (X kg), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Germany (+X% per year).

In value terms, Italy ($X) constituted the largest supplier of spun yarn to South Africa, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Italy stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Germany (+X% per year).

Import Prices by Country

The average spun yarn import price stood at $X per ton in 2019, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The import price peaked at $X per ton in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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