Morocco - Woven Fabrics of Flax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMorocco: Flax Fabric Market 2024
Flax Fabric Market Size in Morocco
In 2022, after ten years of growth, there was significant decline in the Moroccan flax fabric market, when its value decreased by -21.2% to $X. In general, consumption enjoyed strong growth. As a result, consumption attained the peak level of $X, and then dropped dramatically in the following year.
Flax Fabric Production in Morocco
In value terms, flax fabric production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decrease. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.
Flax Fabric Exports
Exports from Morocco
In 2022, exports of woven fabrics of flax from Morocco shrank to X tons, dropping by -6.6% against the previous year's figure. Over the period under review, exports recorded a sharp slump. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, flax fabric exports contracted sharply to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2014 when exports increased by 295% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
Exports by Country
Spain (X tons) was the main destination for flax fabric exports from Morocco, with a 79% share of total exports. Moreover, flax fabric exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold.
From 2020 to 2022, the average annual growth rate of volume to Spain totaled -26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1,050.0% per year) and France (-53.9% per year).
In value terms, Spain ($X) remains the key foreign market for woven fabrics of flax exports from Morocco, comprising 86% of total exports. The second position in the ranking was taken by France ($X), with a 5.5% share of total exports.
From 2020 to 2022, the average annual rate of growth in terms of value to Spain amounted to -41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+34.4% per year) and Italy (+666.3% per year).
Export Prices by Country
In 2022, the average flax fabric export price amounted to $X per ton, dropping by -32% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by 9.4%. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+191.8%), while the prices for the other major destinations experienced a decline.
Flax Fabric Imports
Imports into Morocco
Flax fabric imports into Morocco skyrocketed to X tons in 2022, with an increase of 48% compared with the year before. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 92%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, flax fabric imports skyrocketed to $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 154%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
Imports by Country
In 2022, China (X tons) constituted the largest flax fabric supplier to Morocco, accounting for a 60% share of total imports. Moreover, flax fabric imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The third position in this ranking was held by Turkey (X tons), with a 9.6% share.
From 2020 to 2022, the average annual growth rate of volume from China stood at +102.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+59.0% per year) and Turkey (+50.9% per year).
In value terms, China ($X) constituted the largest supplier of woven fabrics of flax to Morocco, comprising 47% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by Spain, with a 12% share.
From 2020 to 2022, the average annual growth rate of value from China totaled +82.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+52.0% per year) and Spain (+58.7% per year).
Import Prices by Country
The average flax fabric import price stood at $X per ton in 2022, which is down by -14.8% against the previous year. Overall, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2021 when the average import price increased by 1.4% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the flax fabric 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 13201330 - Woven fabrics of flax, containing . .85 % by weight of flax
- Prodcom 13201360 - Woven fabrics of flax, containing < .85 % by weight of flax
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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