In 2023, the import of textile wall coverings to South Africa stood at 139.01 thousand US Dollars. The year-on-year variation for 2022 was a slight decline of 0.79%, followed by a similar modest drop of 0.78% in 2023. Over the last five years, the compound annual growth rate (CAGR) was a mere 0.37%, indicating a period of relative stagnation in the market. Forecast data from 2024 to 2028 shows a continuous, albeit slow, decline with a forecasted CAGR of -0.66%. By the end of 2028, the market is anticipated to reduce to 133.32 thousand US Dollars.
Future trends to watch for:
- Potential market saturation and competition with alternative wall-covering materials.
- The impact of global trade policies and tariffs on import costs and market dynamics.
- Shifts in consumer preferences towards more sustainable and innovative interior design solutions.