Morocco: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Morocco

For the sixth consecutive year, the Moroccan market for nets of twine, cordage, rope or textile materials recorded growth in sales value, which increased by 13% to $X in 2022. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +97.2% against 2014 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Morocco

In value terms, twine, cordage or textile net production expanded to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 131% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Morocco

In 2022, approx. X tons of nets of twine, cordage, rope or textile materials were exported from Morocco; shrinking by -27.4% on the year before. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 71% against the previous year. As a result, the exports attained the peak of X tons, and then fell significantly in the following year.

In value terms, twine, cordage or textile net exports declined to $X in 2022. Overall, exports saw a slight slump. The growth pace was the most rapid in 2021 when exports increased by 32%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main destinations of twine, cordage or textile net exports from Morocco, together comprising 74% of total exports. Italy, Portugal, the United Arab Emirates and the Dominican Republic lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +92.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine, cordage or textile net exported from Morocco were Germany ($X), France ($X) and Italy ($X), together comprising 74% of total exports. Spain, the United Arab Emirates, Portugal and the Dominican Republic lagged somewhat behind, together comprising a further 23%.

The United Arab Emirates, with a CAGR of +66.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, rising by 28% against the previous year. Overall, the export price, however, showed a abrupt downturn. The growth pace was the most rapid in 2017 when the average export price increased by 31%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Morocco

Twine, cordage or textile net imports into Morocco rose modestly to X tons in 2022, increasing by 2.5% compared with 2021 figures. Over the period under review, imports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 17%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, twine, cordage or textile net imports expanded notably to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 17% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Spain (X tons) were the main suppliers of twine, cordage or textile net imports to Morocco, with a combined 66% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +11.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest twine, cordage or textile net suppliers to Morocco were China ($X), India ($X) and Indonesia ($X), together accounting for 61% of total imports. Spain, Vietnam, Italy and Portugal lagged somewhat behind, together comprising a further 31%.

Among the main suppliers, Portugal, with a CAGR of +14.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, rising by 6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 13%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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