Morocco: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Morocco

The Moroccan bedding and furnishing article market skyrocketed to $X in 2021, jumping by 158% 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 remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Morocco

In 2021, the amount of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) exported from Morocco soared to X tons, jumping by 31% compared with 2020 figures. In general, exports saw a remarkable increase. The pace of growth was the most pronounced in 2019 when exports increased by 93% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, bedding and furnishing article exports soared to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 125%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for bedding and furnishing article exports from Morocco, accounting for a 46% share of total exports. Moreover, bedding and furnishing article exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), threefold. France (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+55.3% per year) and France (-5.6% per year).

In value terms, the United States ($X) remains the key foreign market for bedding and furnishing article exports from Morocco, comprising 36% of total exports. The second position in the ranking was held by France ($X), with an 18% share of total exports. It was followed by Spain, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.2% per year) and Spain (+51.3% per year).

Export Prices by Country

In 2021, the average bedding and furnishing article export price amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Morocco

Bedding and furnishing article imports into Morocco skyrocketed to X tons in 2021, picking up by 72% on the year before. Over the period under review, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bedding and furnishing article imports soared to $X in 2021. In general, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), China (X tons) and France (X tons) were the main suppliers of bedding and furnishing article imports to Morocco, with a combined 70% share of total imports. Portugal, Bulgaria, Turkey, Italy and Estonia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +151.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of bedding and furnishing article to Morocco, comprising 41% of total imports. The second position in the ranking was held by Spain ($X), with a 20% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+21.9% per year) and China (-5.8% per year).

Import Prices by Country

The average bedding and furnishing article import price stood at $X per ton in 2021, increasing by 42% against the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform