Morocco: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Morocco

The Moroccan market for machines for preparing, weaving and knitting textiles skyrocketed to $X in 2021, surging by 47% 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 showed a buoyant increase. Textile weaving and knitting machinery consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Morocco

For the fifth consecutive year, Morocco recorded decline in overseas shipments of machines for preparing, weaving and knitting textiles, which decreased by -14.1% to X units in 2021. Over the period under review, exports faced a sharp decline. The growth pace was the most rapid in 2014 when exports increased by 225%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports declined significantly to $X in 2021. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 124%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for textile weaving and knitting machinery exports from Morocco, with a 55% share of total exports. Moreover, textile weaving and knitting machinery exports to Spain exceeded the volume sent to the second major destination, Italy (X units), fourfold. The third position in this ranking was taken by Egypt (X units), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+70.7% per year) and Egypt (+42.1% per year).

In value terms, Spain ($X) emerged as the key foreign market for machines for preparing, weaving and knitting textiles exports from Morocco, comprising 33% of total exports. The second position in the ranking was held by Libya ($X), with a 13% share of total exports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+18.8% per year) and Belgium (+14.8% per year).

Export Prices by Country

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, with a decrease of -20.5% against the previous year. In general, the export price, however, recorded prominent growth. The pace of growth was the most pronounced in 2013 an increase of 91%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+607.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Morocco

Textile weaving and knitting machinery imports into Morocco skyrocketed to X units in 2021, rising by 35% compared with 2020 figures. Over the period under review, imports showed prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 67% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports skyrocketed to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest textile weaving and knitting machinery supplier to Morocco, with a 75% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by Japan (X units), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.2% per year) and Japan (-3.0% per year).

In value terms, China ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to Morocco, comprising 46% of total imports. The second position in the ranking was taken by Japan ($X), with a 10% share of total imports. It was followed by Germany, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.0% per year) and Germany (-9.0% per year).

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, jumping by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 37%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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