Morocco: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Morocco

The Moroccan market for polyester tow and staple, not carded, combed or otherwise processed for spinning contracted to $X in 2022, declining by -10.1% 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). Over the period under review, consumption showed a noticeable downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Morocco

In 2022, after two years of growth, there was significant decline in overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning, when their volume decreased by -60.3% to X tons. Overall, exports, however, posted a pronounced expansion. The growth pace was the most rapid in 2018 with an increase of 669% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then reduced rapidly in the following year.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning reduced rapidly to $X in 2022. Over the period under review, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 506% against the previous year. As a result, the exports attained the peak of $X, and then fell remarkably in the following year.

Exports by Country

The Netherlands (X tons) and Cote d'Ivoire (X tons) were the main destinations of exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Morocco.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +53.7%).

In value terms, the Netherlands ($X) and Cote d'Ivoire ($X) constituted the largest markets for polyester tow and staple, not carded, combed or otherwise processed for spinning exported from Morocco worldwide.

Cote d'Ivoire, with a CAGR of +56.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, reducing by -10.2% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 30%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+1.5%).

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Morocco

Imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Morocco contracted markedly to X tons in 2022, waning by -25.8% against 2021 figures. Overall, imports showed a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by 32%. As a result, imports attained the peak of X tons, and then fell significantly in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning fell to $X in 2022. Over the period under review, imports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), India (X tons) and Nigeria (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Morocco, together comprising 66% of total imports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +1,878.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), India ($X) and Nigeria ($X) appeared to be the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Morocco, with a combined 65% share of total imports.

Nigeria, with a CAGR of +2,312.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, increasing by 24% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Italy ($X per ton), while the price for Nigeria ($X per ton) and Algeria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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