Morocco: Sack And Bag Market 2024

Sack And Bag Market Size in Morocco

The Moroccan sack and bag market declined dramatically to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, posted a perceptible increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sack And Bag Production in Morocco

In value terms, sack and bag production dropped to $X in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Sack and bag production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Sack And Bag Exports

Exports from Morocco

In 2022, approx. X tons of sacks and bags were exported from Morocco; rising by X% against 2021 figures. In general, exports showed prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, sack and bag exports skyrocketed to $X in 2022. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Mauritania (X tons), Guinea (X tons) and Senegal (X tons) were the main destinations of sack and bag exports from Morocco, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Mauritania ($X) and Guinea ($X) constituted the largest markets for sack and bag exported from Morocco worldwide, with a combined X% share of total exports.

Among the main countries of destination, Guinea, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average sack and bag export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mauritania ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sack And Bag Imports

Imports into Morocco

Sack and bag imports into Morocco reduced notably to X tons in 2022, which is down by X% against 2021. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, sack and bag imports plummeted to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

India (X tons), China (X tons) and Turkey (X tons) were the main suppliers of sack and bag imports to Morocco, together accounting for X% of total imports.

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

In value terms, the largest sack and bag suppliers to Morocco were India ($X), China ($X) and Turkey ($X), with a combined X% share of total imports.

Among the main suppliers, India, with a CAGR of X%, 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

In 2022, the average sack and bag import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Germany ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :