Despite being the largest market, African exports to China has witnessed high volatility. South Africa’s exports to China fell by 45.69 per cent year on year to $103.848 million in January-September 2022 from $191.218 million in the same period of last year, according to Fibre2Fashion’s market insight tool TexPro. The exports jumped by 36.27 per cent from the exports in January-September 2020.
The exports had increased by 28.1 per cent to reach $212.977 million in January-September 2018 but decreased by 58.75 per cent to $87.846 million in January-September 2019. They spurted again by 59.21 per cent to reach $139.859 million in January-September 2020, as per TexPro.
During January-September 2022, South Africa exported fibre worth $38.862 million (13.59 per cent) to Italy, $36.072 million (12.62 per cent) to Germany, $16.963 million (5.93 per cent) to Bulgaria and $11.498 million (4.02 per cent) to Mozambique.
Fibre2Fashion News Desk (KUL)