Morocco: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Morocco

The Moroccan high-tenacity filament nylon yarn market reduced to $X in 2022, approximately equating the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +0.8% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Morocco

In value terms, high-tenacity filament nylon yarn production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.9% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 28%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Morocco

In 2022, exports of high-tenacity filament yarn of nylon or other polyamides from Morocco contracted to X kg, with a decrease of -9.7% against 2021 figures. Overall, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2018 with an increase of 1,170% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn exports fell significantly to $X in 2022. Over the period under review, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2018 when exports increased by 1,178%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for high-tenacity filament nylon yarn exports from Morocco, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France totaled -22.7%.

In value terms, France ($X) also remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from Morocco.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at -24.1%.

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, dropping by -6.2% against the previous year. Overall, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -1.8% per year.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Morocco

In 2022, purchases abroad of high-tenacity filament yarn of nylon or other polyamides was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2019 with an increase of 293%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports rose remarkably to $X in 2022. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 when imports increased by 291%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of high-tenacity filament nylon yarn to Morocco, with a 78% share of total imports. Moreover, high-tenacity filament nylon yarn imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 5.3% share.

From 2015 to 2022, the average annual rate of growth in terms of volume from France amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-21.0% per year) and Italy (+12.0% per year).

In value terms, France ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Morocco, comprising 77% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.6% share of total imports. It was followed by Spain, with a 5.3% share.

From 2015 to 2022, the average annual rate of growth in terms of value from France amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.5% per year) and Spain (-15.9% per year).

Import Prices by Country

In 2022, the average high-tenacity filament nylon yarn import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 45%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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