Morocco: Gloves Market 2024

Gloves Market Size in Morocco

For the sixth consecutive year, the Moroccan gloves market recorded decline in sales value, which decreased by -2.7% to $X in 2022. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -22.7% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Gloves Production in Morocco

In value terms, gloves production shrank slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 105%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Gloves Exports

Exports from Morocco

In 2022, the amount of gloves, mittens and mitts (excluding knitted or crocheted) exported from Morocco contracted remarkably to X pairs, dropping by -33.1% on the previous year's figure. Overall, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 598%. As a result, the exports reached the peak of X pairs. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, gloves exports shrank significantly to $X in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 1,395% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kuwait (X pairs), France (X pairs) and the United Arab Emirates (X pairs) were the main destinations of gloves exports from Morocco, together comprising 11% of total exports. Jordan, the UK, Qatar, Saudi Arabia, Spain and Algeria lagged somewhat behind, together comprising a further 3%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +80.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from Morocco, comprising 57% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Kuwait, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+20.1% per year) and Kuwait (+56.8% per year).

Export Prices by Country

In 2021, the average gloves export price amounted to $X per pair, shrinking by -11.5% against the previous year. In general, the export price, however, showed resilient growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 114%. Over the period under review, the average export prices reached the peak figure at $X per pair in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per pair), while the average price for exports to Jordan ($X per pair) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into Morocco

In 2022, imports of gloves, mittens and mitts (excluding knitted or crocheted) into Morocco contracted notably to X pairs, with a decrease of -38.1% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 73%. As a result, imports attained the peak of X pairs. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, gloves imports dropped markedly to $X in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 68%. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2021, China (X pairs) constituted the largest supplier of gloves to Morocco, accounting for a 13% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, India (X pairs), tenfold. Turkey (X pairs) ranked third in terms of total imports with a 0.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.1% per year) and Turkey (+5.3% per year).

In value terms, China ($X) constituted the largest supplier of gloves, mittens and mitts (excluding knitted or crocheted) to Morocco, comprising 72% of total imports. The second position in the ranking was held by India ($X), with a 7% share of total imports. It was followed by France, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+17.9% per year) and France (-20.5% per year).

Import Prices by Country

The average gloves import price stood at $X per pair in 2021, picking up by 41% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per pair in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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