Morocco: Curtains Market 2024

Curtains Market Size in Morocco

The Moroccan curtains market declined remarkably to $X in 2022, which is down by -20.1% 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). Overall, consumption, however, saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted significantly in the following year.

Curtains Exports

Exports from Morocco

In 2022, curtains exports from Morocco fell dramatically to X square meters, waning by -52.6% compared with 2021 figures. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 82% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, curtains exports declined markedly to $X in 2022. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 27%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X square meters), Mauritania (X square meters) and the United States (X square meters) were the main destinations of curtains exports from Morocco, together accounting for 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +38.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for curtains and interior blinds exports from Morocco, comprising 57% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 24% share of total exports. It was followed by the United States, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to -16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+42.6% per year) and the United States (+39.7% per year).

Export Prices by Country

The average curtains export price stood at $X per square meter in 2022, reducing by -12.7% against the previous year. In general, the export price showed a mild downturn. The pace of growth appeared the most rapid in 2016 an increase of 53%. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per square meter), while the average price for exports to Cameroon ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Curtains Imports

Imports into Morocco

In 2022, approx. X square meters of curtains and interior blinds were imported into Morocco; waning by -20.4% against the previous year's figure. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 73%. Over the period under review, imports reached the maximum at X square meters in 2021, and then contracted sharply in the following year.

In value terms, curtains imports reduced markedly to $X in 2022. Over the period under review, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 66%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, China (X square meters) constituted the largest curtains supplier to Morocco, accounting for a 59% share of total imports. Moreover, curtains imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), twofold. Egypt (X square meters) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+20.2% per year) and Egypt (+29.4% per year).

In value terms, China ($X), Turkey ($X) and Spain ($X) were the largest curtains suppliers to Morocco, with a combined 86% share of total imports. Egypt and India lagged somewhat behind, together accounting for a further 5.6%.

Egypt, with a CAGR of +23.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average curtains import price amounted to $X per square meter, flattening at the previous year. Over the period under review, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 25% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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