SADC: Cotton Embroidery Market 2024

Cotton Embroidery Market Size in SADC

The SADC cotton embroidery market rose remarkably to $X in 2023, picking up by X% against the previous year. The total consumption indicated noticeable growth from 2012 to 2023: its value 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. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in the immediate term.

Cotton Embroidery Production in SADC

In value terms, cotton embroidery production reduced to $X in 2023 estimated in export price. The total production indicated a notable increase 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Cotton Embroidery Exports

Exports in SADC

In 2023, the amount of cotton embroidery in the piece exported in SADC shrank sharply to X tons, with a decrease of X% compared with the previous year's figure. Overall, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2017 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, cotton embroidery exports shrank significantly to $X in 2023. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa was the major exporting country with an export of about X tons, which accounted for X% of total exports. Lesotho (X kg) took the second position in the ranking, distantly followed by Madagascar (X kg). All these countries together took approx. X% share of total exports. Swaziland (X kg), Tanzania (X kg) and Mauritius (X kg) took a little share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Swaziland (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. By contrast, Lesotho (X%), Madagascar (X%) and Tanzania (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Lesotho, Madagascar, Swaziland, Tanzania and Mauritius increased by X, X, X, X and X percentage points, respectively.

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

From 2012 to 2023, the average annual growth rate of value in Madagascar stood at X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Lesotho (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. Overall, the export price recorded significant growth. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X.1%), while the other leaders experienced more modest paces of growth.

Cotton Embroidery Imports

Imports in SADC

In 2023, imports of cotton embroidery in the piece in SADC reduced to X tons, with a decrease of X% against the previous year. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, cotton embroidery imports reduced to $X in 2023. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

South Africa (X tons) and Angola (X tons) represented the main importers of cotton embroidery in the piece in 2023, reaching approx. X% and X% of total imports, respectively. Lesotho (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Madagascar (X%), Swaziland (X%) and Mozambique (X%). Zambia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Madagascar ($X) and Angola ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Swaziland, Lesotho, Mozambique and Zambia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Mozambique, 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, standing approx. at the previous year. Import price indicated a pronounced expansion from 2012 to 2023: its price 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. Based on 2023 figures, cotton embroidery import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 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 Madagascar ($X per ton), while Zambia ($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 mixed trends in the import price figures.

Source: IndexBox Platform