Market Size of Africa Textile Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Textile Market Analysis
The African textile industry is a varied one, but the seeming constant is their cotton market. There are many countries in Africa that currently grow and sell cotton. Six of them grow cotton under the label ''Cotton made by Africa'', which is one of the largest job producers as well, with 450,000 Africans working in the cotton business alone. The growing and selling of cotton is not their only textile industry though. South Africa has also gotten into technical textiles as well, by providing hemp to aeronautics companies for their products. Countries like Ethiopia are also starting to gain textile mills which employ locals and help businesses trying to escape the rising wages in countries like China. Companies like H&M have opened mills in Africa, since their wages are less, and the population can support the workers needed. They also create products like thread and yarn for global markets from cotton is grown and harvested in Africa.
The disruption of the COVID-19 pandemic on global value chains and its impact on African businesses is already evident. The pandemic and global economic lockdowns have had an immediate effect on textile production, sales, and trade. There has been a significant expansion in ecommerce and online shopping because of the lockdown. Clothing is a major and rapidly growing product category for ecommerce, but textiles are a rather niche online segment.
