SADC: Cotton Fabric Market 2024

Cotton Fabric Market Size in SADC

In 2023, the SADC cotton fabric market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption showed a mild setback. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Cotton Fabric Production in SADC

In value terms, cotton fabric production dropped to $X in 2023 estimated in export price. In general, production showed a noticeable slump. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Cotton Fabric Exports

Exports in SADC

In 2023, after two years of growth, there was significant decline in overseas shipments of woven fabrics of cotton, when their volume decreased by X% to X square meters. Total exports indicated a notable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X square meters in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton fabric exports contracted to $X in 2023. Total exports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the major exporter of woven fabrics of cotton in SADC, with the volume of exports reaching X square meters, which was near X% of total exports in 2023. Madagascar (X square meters) ranks second in terms of the total exports with a X% share, followed by Lesotho (X%). The following exporters - Mauritius (X square meters), Democratic Republic of the Congo (X square meters) and Tanzania (X square meters) - each recorded a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Lesotho (X%), Madagascar (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Mauritius experienced a relatively flat trend pattern. By contrast, Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. While the share of Lesotho (X p.p.) and South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Tanzania (X p.p.), Mauritius (X p.p.) and Democratic Republic of the Congo (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cotton fabric supplying countries in SADC were South Africa ($X), Madagascar ($X) and Lesotho ($X), together comprising X% of total exports.

Among the main exporting countries, Lesotho, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in SADC stood at $X per square meter in 2023, growing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Madagascar ($X per square meter), while Tanzania ($X per square meter) was amongst the lowest.

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

Cotton Fabric Imports

Imports in SADC

In 2023, the amount of woven fabrics of cotton imported in SADC shrank to X square meters, dropping by X% on the year before. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked at X square meters in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, cotton fabric imports reduced to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

South Africa (X square meters) and Madagascar (X square meters) represented roughly X% of total imports in 2023. It was distantly followed by Tanzania (X square meters), Democratic Republic of the Congo (X square meters), Lesotho (X square meters) and Swaziland (X square meters), together achieving a X% share of total imports. Angola (X square meters) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Tanzania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X), South Africa ($X) and Lesotho ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Democratic Republic of the Congo, Swaziland, Tanzania and Angola lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Tanzania, with a CAGR of X%, saw 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 square meter, falling by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per square meter, and then fell in the following year.

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 Madagascar ($X per square meter), while Tanzania ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform