Our Industry

Our investors and shareholders, IDC (Industrial Development Corporation), choose Prilla as we have been a cornerstone of the African Cotton Industry since 1960, affording us over 60 years of experience and expertise in cotton and yarn.

Cotton raw material security has reached a critical point due to global shortages, and as a result, cotton supply is a highly volatile market with exponentially increasing prices. Whatsmore, the demand for cotton increasing, both globally and within South Africa, resulting in many lucrative opportunities for textile value chain.

South Africa’s increase is a result of the CTFLGP growth programme, requiring all major South African retailers to source 65% local by 2030. As a result, the clothing, textile, footwear and leather growth programme (CTFLGP) implementation is driving growth and increasing new players within the South African textile market.

Market Outlook

Source: Straits Research

Source: BCI Global

Market size estimated in 2021

1000

USD
Million

Market size estimated in 2030

5000

USD
Million

CAGR 2022-2030

1000 %

The Growing Demand for Sustainable & Recycled Cotton

There is a global uptrend in sustainable compliances and accreditations, projecting an increase in market share compared to conventional sources. This aligns with the projected increase in sustainable cotton demand owing to the sustainability commitments of major brands and retailers, which is estimated to keep premium prices high.