SADC: Silk Yarn Market 2024

Silk Yarn Market Size in SADC

The SADC silk yarn market rose modestly to $X in 2023, surging by X% against the previous year. Overall, consumption, however, showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Silk Yarn Production in SADC

In value terms, silk yarn production totaled $X in 2023 estimated in export price. In general, production, however, showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Silk Yarn Exports

Exports in SADC

Silk yarn exports fell remarkably to X tons in 2023, which is down by X% compared with 2022 figures. Overall, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, silk yarn exports skyrocketed to $X in 2023. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa represented the key exporting country with an export of around X kg, which finished at X% of total exports. Angola (X kg) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Zambia (X%) and Madagascar (X%). The following exporters - Swaziland (X kg) and Mauritius (X kg) - each amounted to a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to silk yarn exports from South Africa stood at X%. At the same time, Angola (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. By contrast, Swaziland (X%), Mauritius (X%), Madagascar (X%) and Zambia (X%) illustrated a downward trend over the same period. South Africa (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the total exports, while Madagascar and Zambia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest silk yarn supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Madagascar ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

In South Africa, silk yarn exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Madagascar (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, jumping by X% against the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced more modest paces of growth.

Silk Yarn Imports

Imports in SADC

After two years of decline, overseas purchases of silk yarn and yarn spun from silk waste increased by X% to X tons in 2023. In general, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, silk yarn imports contracted to $X in 2023. Overall, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Lesotho (X tons) and Madagascar (X tons) represented roughly X% of total imports in 2023. It was distantly followed by South Africa (X tons), Angola (X tons) and Mauritius (X tons), together mixing up a X% share of total imports. Tanzania (X kg) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Angola (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Madagascar ($X), South Africa ($X) and Lesotho ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Mauritius, Angola and Tanzania lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Angola, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, reducing by X% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Africa ($X per ton), while Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform