Africa: Silk Yarn Market 2021

Silk Yarn Market Size in Africa

The African silk yarn market fell slightly to $X in 2019, remaining relatively unchanged against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market remained at a lower figure.

Silk Yarn Production in Africa

In value terms, silk yarn production dropped slightly to $X in 2019 estimated in export prices. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2015 to 2019, production growth failed to regain the momentum.

Production By Country in Africa

The countries with the highest volumes of silk yarn production in 2019 were Nigeria (X tons), Ethiopia (X tons) and Democratic Republic of the Congo (X tons), together comprising X% of total production. These countries were followed by Egypt, Tanzania, South Africa, Kenya, Sudan, Algeria, Uganda, Somalia, Morocco and Mozambique, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of silk yarn production, amongst the key producing countries, was attained by Uganda, while silk yarn production for the other leaders experienced more modest paces of growth.

Silk Yarn Exports

Exports in Africa

Silk yarn exports was estimated at X tons in 2019, surging by X% on the previous year's figure. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, silk yarn exports fell to $X in 2019. Overall, exports, however, showed a mild curtailment. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

Tunisia was the main exporter of silk yarn in Africa, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2019. Egypt (X tons) ranks second in terms of the total exports with a X% share, followed by Chad (X%).

Exports from Tunisia decreased at an average annual rate of -X% from 2007 to 2019. Chad experienced a relatively flat trend pattern. Egypt (-X%) illustrated a downward trend over the same period. Tunisia (+X p.p.) and Chad (+X p.p.) significantly strengthened its position in terms of the total exports, while Egypt saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, Tunisia ($X) remains the largest silk yarn supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value in Tunisia totaled -X%. In the other countries, the average annual rates were as follows: Egypt (+X% per year) and Chad (X% per year).

Export Prices by Country

In 2019, the silk yarn export price in Africa amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2011 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2018, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Tunisia ($X per ton), while Chad ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Egypt, while the other leaders experienced more modest paces of growth.

Silk Yarn Imports

Imports in Africa

For the fourth year in a row, Africa recorded growth in supplies from abroad of silk yarn, which increased by X% to X tons in 2019. In general, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are likely to continue growth in years to come.

In value terms, silk yarn imports skyrocketed to $X in 2019. Overall, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in years to come.

Imports by Country

Ghana represented the key importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Madagascar (X tons), creating a X% share of total imports. South Africa (X tons), Morocco (X tons), Togo (X tons) and Libya (X tons) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the silk yarn imports, with a CAGR of +X% from 2007 to 2019. At the same time, Madagascar (+X%), Togo (+X%), Libya (+X%) and Morocco (+X%) displayed positive paces of growth. South Africa experienced a relatively flat trend pattern. From 2007 to 2019, the share of Ghana and Madagascar increased by +X% and +X% percentage points, while Libya (-X p.p.), Morocco (-X p.p.) and South Africa (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Madagascar ($X) constitutes the largest market for imported silk yarn in Africa, comprising X% of total imports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

In Madagascar, silk yarn imports increased at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+X% per year) and South Africa (+X% per year).

Import Prices by Country

In 2019, the silk yarn import price in Africa amounted to $X per ton, falling by -X% against the previous year. In general, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Madagascar ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Libya, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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