Morocco: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Morocco

In 2021, after four years of growth, there was significant decline in the Moroccan high-tenacity filament polyester yarn market, when its value decreased by -17.8% to $X. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted rapidly in the following year.

Production of High-Tenacity Filament Yarn Of Polyesters in Morocco

In value terms, high-tenacity filament polyester yarn production dropped notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 122%. High-tenacity filament polyester yarn production peaked at $X in 2020, and then shrank remarkably in the following year.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Morocco

After three years of decline, shipments abroad of high-tenacity filament yarn of polyesters increased by 9.6% to X tons in 2021. Over the period under review, exports, however, faced a dramatic setback. The most prominent rate of growth was recorded in 2017 when exports increased by 664% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. Overall, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 886%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for high-tenacity filament polyester yarn exports from Morocco, accounting for a 75% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Spain (X kg), eightfold. The third position in this ranking was held by the Netherlands (X kg), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Cote d'Ivoire amounted to +104.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+160.2% per year) and the Netherlands (-79.8% per year).

In value terms, the Netherlands ($X), Cote d'Ivoire ($X) and Colombia ($X) constituted the largest markets for high-tenacity filament polyester yarn exported from Morocco worldwide, together accounting for 80% of total exports. These countries were followed by Spain, which accounted for a further 8.8%.

Among the main countries of destination, Spain, with a CAGR of +135.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, growing by 73% against the previous year. In general, the export price recorded significant growth. The growth pace was the most rapid in 2018 an increase of 109% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Cote d'Ivoire ($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 (+245.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Morocco

In 2021, supplies from abroad of high-tenacity filament yarn of polyesters decreased by -14.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 1,420%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. In general, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 800%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to Morocco, accounting for a 78% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), ninefold. The third position in this ranking was taken by Austria (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+0.1% per year) and Austria (0.0% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Morocco, comprising 55% of total imports. The second position in the ranking was held by Austria ($X), with a 15% share of total imports. It was followed by South Korea, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (0.0% per year) and South Korea (+2.1% per year).

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, jumping by 41% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+28.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :