Morocco: Wadding Market 2024

Wadding Market Size in Morocco

In 2021, the Moroccan wadding market decreased by -2.5% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Wadding Production in Morocco

In value terms, wadding production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 15%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Wadding Exports

Exports from Morocco

In 2021, shipments abroad of wadding increased by 222% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wadding exports skyrocketed to $X in 2021. In general, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mauritania (X tons) was the main destination for wadding exports from Morocco, accounting for a 90% share of total exports. Moreover, wadding exports to Mauritania exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Mauritania totaled +81.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+138.3% per year) and the United Arab Emirates (+54.0% per year).

In value terms, Mauritania ($X) remains the key foreign market for wadding exports from Morocco, comprising 72% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Mauritania stood at +62.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+12.7% per year) and Belgium (+104.9% per year).

Export Prices by Country

The average wadding export price stood at $X per ton in 2021, with a decrease of -43.1% against the previous year. Overall, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2019 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-4.5%), while the prices for the other major destinations experienced a decline.

Wadding Imports

Imports into Morocco

In 2021, imports of wadding into Morocco shrank to X tons, which is down by -12% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 26%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, wadding imports expanded remarkably to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.6% against 2015 indices. The growth pace was the most rapid in 2018 when imports increased by 35%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of wadding to Morocco, with a 37% share of total imports. Moreover, wadding imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. France (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+21.0% per year) and France (+4.3% per year).

In value terms, China ($X), Turkey ($X) and France ($X) appeared to be the largest wadding suppliers to Morocco, with a combined 53% share of total imports. These countries were followed by Spain, Hungary, Italy, the Netherlands, Algeria, Poland, Tunisia and Bulgaria, which together accounted for a further 42%.

Among the main suppliers, the Netherlands, with a CAGR of +110.6%, recorded the highest growth rate of 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 wadding import price stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform