Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in South Africa - 2024

Contents:

1. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in South Africa (CIF) - 2024
2. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in South Africa (FOB) - 2022
3. Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in South Africa
4. Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in South Africa

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in South Africa (CIF) - 2024

The average import price for articles of apparel and clothing accessories, of leather or of composition leather stood at $4.8 per unit in January 2024, falling by -35.8% against the previous month. In general, the import price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 84% m-o-m. As a result, import price attained the peak level of $7.5 per unit. From September 2023 to January 2024, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was India ($6.1 per unit), while the price for Pakistan ($2.8 per unit) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced a decline.

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in South Africa (FOB) - 2022

In 2022, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $7 per unit, increasing by 11% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 Namibia ($7.7 per unit), while the average price for exports to Lesotho ($3.1 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 Zimbabwe (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in South Africa

In 2022, approx. 7.3M units of articles of apparel and clothing accessories, of leather or of composition leather were imported into South Africa; declining by -5.5% on the previous year. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. As a result, imports attained the peak of 7.7M units, and then reduced in the following year.

In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather expanded slightly to $20M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to South Africa in 2022:

1. China (5.4M units)
2. Pakistan (1.4M units)
3. India (0.3M units)

Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in South Africa

In 2022, the amount of articles of apparel and clothing accessories, of leather or of composition leather exported from South Africa dropped notably to 699K units, reducing by -29.6% compared with 2021 figures. Over the period under review, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. As a result, the exports reached the peak of 993K units, and then declined sharply in the following year.

In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather dropped dramatically to $4.9M in 2022. Overall, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, the exports reached the peak of $6.3M, and then declined sharply in the following year.

Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from South Africa in 2022:

1. Botswana (147.1K units)
2. Namibia (146.0K units)
3. Swaziland (81.5K units)
4. Mozambique (75.5K units)
5. Zambia (57.2K units)
6. Lesotho (43.6K units)
7. Zimbabwe (34.1K units)
8. Democratic Republic of the Congo (21.7K units)

Source: IndexBox Market Intelligence Platform