The market for pile knit or crochet fabric of cotton in South Africa experienced fluctuations over the last decade. The market value stood at 4.3079 million USD in 2023. From 2013 to 2023, the market showed variable growth, with significant increases noted in 2014 and persistent declines from 2017 to 2020. Recently, a gradual recovery began in 2021, evident by a 6.9% year-on-year increase then a further mild growth till 2023.
Future trends to watch for include:
- Potential technological advancements in fabric manufacturing.
- Shifts in consumer preferences towards sustainable and ethically sourced materials.
- Changing import and export policies affecting market dynamics.
- Global economic fluctuations impacting purchasing power and demand.
| # | 5 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,029,000 | 2023 | +0.37% | +0.41% | View data |
| 2 | 2 Japan | 5,194,500 | 2023 | -0.21% | -0.22% | View data |
| 3 | 3 South Africa | 4,307,900 | 2023 | +1.45% | +1.23% | |
| 4 | 4 Austria | 1,124,200 | 2023 | +1.87% | +1.95% | View data |
| 5 | 5 Switzerland | 704,520 | 2023 | -0.65% | -2.15% | View data |
