Report Update Nov 1, 2024

Morocco - Sacks and Bags of Cotton - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Cotton Bag Market 2024

Cotton Bag Market Size in Morocco

The Moroccan cotton bag market declined remarkably to $X in 2021, which is down by -21.5% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then reduced notably in the following year.

Cotton Bag Production in Morocco

In value terms, cotton bag production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 62%. Cotton bag production peaked at $X in 2020, and then reduced in the following year.

Cotton Bag Exports

Exports from Morocco

Cotton bag exports from Morocco skyrocketed to X tons in 2021, increasing by 1,951% against the previous year. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton bag exports surged to $X in 2021. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2017 with an increase of 1,124%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons) was the main destination for cotton bag exports from Morocco, accounting for a 98% share of total exports. It was followed by France (X kg), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +58.7%.

In value terms, Spain ($X) emerged as the key foreign market for sacks and bags of cotton exports from Morocco, comprising 97% of total exports. The second position in the ranking was taken by France ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +52.7%.

Export Prices by Country

In 2021, the average cotton bag export price amounted to $X per ton, with a decrease of -41.7% against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 107%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Spain amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-0.9%).

Cotton Bag Imports

Imports into Morocco

After two years of decline, overseas purchases of sacks and bags of cotton increased by 84% to X tons in 2021. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton bag imports soared to $X in 2021. Overall, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), China (X tons) and Italy (X tons) were the main suppliers of cotton bag imports to Morocco, together comprising 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +52.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton bag suppliers to Morocco were Spain ($X), China ($X) and Italy ($X), with a combined 92% share of total imports.

Among the main suppliers, Italy, with a CAGR of +36.4%, recorded 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 cotton bag import price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 3.3% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sacks and bags of cotton in the world?

The countries with the highest volumes of cotton bag consumption in 2020 were China, Italy and India, with a combined 33% share of global consumption.

What are the largest producers of sacks and bags of cotton in the world?

The country with the largest volume of cotton bag production was China, comprising approx. 20% of total volume. Moreover, cotton bag production in China exceeded the figures recorded by the second-largest producer, Italy, twofold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the leading suppliers of sacks and bags of cotton to Morocco?

In value terms, Spain constituted the largest supplier of cotton bag to Morocco, comprising 50% of total imports. The second position in the ranking was occupied by Italy, with a 24% share of total imports. It was followed by France, with a 17% share.

What are the leading importers of sacks and bags of cotton from Morocco?

In value terms, France emerged as the key foreign market for cotton bag exports from Morocco, comprising 80% of total exports. The second position in the ranking was occupied by Spain, with a 10% share of total exports.

What is the average export price for sacks and bags of cotton in Morocco?

In 2020, the average cotton bag export price amounted to $27,482 per ton, rising by 107% against the previous year.

What is the average import price for sacks and bags of cotton in Morocco?

In 2020, the average cotton bag import price amounted to $13,080 per ton, reducing by -4% against the previous year.

This report provides an in-depth analysis of the cotton bag market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13922130 - Sacks and bags, of cotton, used for packing goods

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023