Textile Wall Covering Market Overview in South Africa
Market Overview
In 2019, the South African textile wall covering market decreased by -
% to $, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a abrupt descent. The most prominent rate of growth was recorded in 2010 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2011 to 2019, the growth of the market failed to regain the momentum.
% to $, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a abrupt descent. The most prominent rate of growth was recorded in 2010 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2011 to 2019, the growth of the market failed to regain the momentum.Consumption
In 2019, consumption of textile wall coverings decreased by -% to square meters, falling for the second year in a row after two years of growth. Overall, consumption recorded a abrupt slump. The pace of growth appeared the most rapid in 2010 when the consumption volume increased by % against the previous year. As a result, consumption attained the peak volume of square meters. From 2011 to 2019, the growth of the consumption failed to regain the momentum.
The revenue of the textile wall covering market in South Africa declined sharply to $ in 2019, reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a deep setback. The most prominent rate of growth was recorded in 2010 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2011 to 2019, the growth of the market remained at a lower figure.
% to square meters, falling for the second year in a row after two years of growth. Overall, consumption recorded a abrupt slump. The pace of growth appeared the most rapid in 2010 when the consumption volume increased by % against the previous year. As a result, consumption attained the peak volume of square meters. From 2011 to 2019, the growth of the consumption failed to regain the momentum.The revenue of the textile wall covering market in South Africa declined sharply to $
in 2019, reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a deep setback. The most prominent rate of growth was recorded in 2010 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2011 to 2019, the growth of the market remained at a lower figure.Market Forecast
Depressed by shrinking demand for textile wall covering in South Africa, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to square meters by the end of .
% for the period from 2019 to , which is projected to depress the market volume to square meters by the end of .Trade Balance
South Africa remains a net importer of textile wall covering; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of square meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
square meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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