Morocco: Textile Flock Market 2024

Textile Flock Market Size in Morocco

The Moroccan textile flock market contracted to $X in 2022, therefore, remained relatively stable against the previous year. In general, the total consumption indicated a tangible expansion 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Textile Flock Production in Morocco

In value terms, textile flock production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Textile Flock Exports

Exports from Morocco

In 2022, the amount of textile flock and dust and mill neps exported from Morocco amounted to X kg, flattening at the previous year's figure. Over the period under review, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, textile flock exports amounted to $X in 2022. In general, exports recorded a significant decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X kg) was the main destination for textile flock exports from Morocco, accounting for a X% share of total exports. Moreover, textile flock exports to Spain exceeded the volume sent to the second major destination, Tunisia (X kg), tenfold. The third position in this ranking was taken by Cabo Verde (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and Cabo Verde (X% per year).

It was followed by Cabo Verde, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Cabo Verde (X% per year).

Export Prices by Country

In 2022, the average textile flock export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price saw a strong increase. The pace of growth appeared the most rapid in 2016 when the average export price decreased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, 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 France ($X per ton), while the average price for exports to Tunisia ($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 Cabo Verde (X%), while the prices for the other major destinations experienced mixed trend patterns.

Textile Flock Imports

Imports into Morocco

In 2022, overseas purchases of textile flock and dust and mill neps decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, textile flock imports fell to $X in 2022. In general, imports saw a noticeable decrease. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), the UK (X tons) and Turkey (X tons) were the main suppliers of textile flock imports to Morocco, with a combined X% 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 Turkey (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of textile flock and dust and mill neps to Morocco, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Italy (X% per year).

Import Prices by Country

The average textile flock import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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