Over the past decade, the import of sewing thread of synthetic staple fibres to South Africa showed considerable fluctuations. From 2013 to 2015, there was a general decline followed by a spike in 2016, and a sharp increase in 2017. The growth trend continued albeit with reduced momentum. The data from 2018 to 2023 indicates stable growth, with significant increases particularly in 2017 and 2021. As of 2023, the import volume stood at 1,367.4 thousand kilograms.
Analyzing recent trends, the year-on-year variations show slower growth: 4.25% in 2022 and 3.99% in 2023. The last 5-year CAGR was at 5.72%, reflecting a steadier but slower growth pattern. Future forecast anticipates an average annual growth rate of 2.87%, cumulating to a 15.2% overall increase by 2028. Key future trends to watch for involve potential supply chain disruptions, shifts in domestic production capacity, and changes in global trade policies impacting the synthetic fibres sector.
