Morocco: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Morocco

For the fourth year in a row, the Moroccan walking-sticks and whips market recorded decline in sales value, which decreased by -0.6% to $X in 2021. Overall, consumption showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Walking-Sticks And Whips Exports

Exports from Morocco

In 2021, approx. X kg of walking-sticks, seat-sticks, whips and riding-crops were exported from Morocco; with a decrease of -5.5% against the year before. Overall, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 1,288% against the previous year. As a result, the exports reached the peak of X kg. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, walking-sticks and whips exports reached $X in 2021. In general, exports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 661%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X kg) was the main destination for walking-sticks and whips exports from Morocco, with a 75% share of total exports. Moreover, walking-sticks and whips exports to Saudi Arabia exceeded the volume sent to the second major destination, the United States (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest.

In value terms, the United States ($X) remains the key foreign market for walking-sticks and whips exports from Morocco, comprising 10% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +31.0%.

Export Prices by Country

The average walking-sticks and whips export price stood at $X per ton in 2021, increasing by 7% against the previous year. In general, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 184%. 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 stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+9.6%), while the prices for the other major destinations experienced a decline.

Walking-Sticks And Whips Imports

Imports into Morocco

In 2021, overseas purchases of walking-sticks, seat-sticks, whips and riding-crops decreased by -22.4% to X tons, falling for the fourth consecutive year after three years of growth. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 49% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, walking-sticks and whips imports soared to $X in 2021. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 47%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest walking-sticks and whips supplier to Morocco, with a 70% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by France (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1,456.8% per year) and France (-17.7% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Morocco, comprising 72% of total imports. The second position in the ranking was held by the United States ($X), with a 16% share of total imports. It was followed by France, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1,398.9% per year) and France (-22.5% per year).

Import Prices by Country

In 2021, the average walking-sticks and whips import price amounted to $X per ton, with an increase of 48% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walking-sticks and whips import price increased by +64.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were China ($X per ton) and France ($X per ton), while the price for Spain ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :