The forecasted values for the import of synthetic staple fibres to South Africa from 2024 to 2028 show a consistent decline:
- 2024: $21.104 million
- 2025: $20.554 million (-2.61%)
- 2026: $20.015 million (-2.62%)
- 2027: $19.486 million (-2.64%)
- 2028: $18.968 million (-2.66%)
The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately -2.64%, indicating a steady decline in imports.
It is critical to monitor the potential impacts of local synthetic fibre production, changes in trade policies, and shifts in global supply chains. These factors could influence the downward trend projected for synthetic staple fibre imports.
