Price for Knitted or Crocheted Pile Fabrics in Morocco - 2022

Contents:

  1. Price for Knitted or Crocheted Pile Fabrics in Morocco (CIF) - 2022
  2. Price for Knitted or Crocheted Pile Fabrics in Morocco (FOB) - 2022
  3. Imports of Knitted or Crocheted Pile Fabrics in Morocco
  4. Exports of Knitted or Crocheted Pile Fabrics in Morocco

Price for Knitted or Crocheted Pile Fabrics in Morocco (CIF) - 2022

The average import price for knitted or crocheted pile fabricses stood at $4,378 per ton in 2022, which is down by -4% against the previous year. Over the period under review, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2013 an increase of 14%. Over the period under review, average import prices reached the maximum at $5,556 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.9% per year.

Price for Knitted or Crocheted Pile Fabrics in Morocco (FOB) - 2022

The average export price for knitted or crocheted pile fabricses stood at $13,619 per ton in 2022, with a decrease of -11% against the previous year. Overall, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 96% against the previous year. As a result, the export price reached the peak level of $26,307 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($46,985 per ton), while the average price for exports to France ($4,481 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 Germany (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Knitted or Crocheted Pile Fabrics in Morocco

After three years of growth, purchases abroad of knitted or crocheted pile fabricses decreased by -3.4% to 51K tons in 2022. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 7.2% against the previous year. As a result, imports reached the peak of 53K tons, and then fell modestly in the following year.

In value terms, knitted or crocheted pile fabrics imports fell to $225M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of $243M, and then declined in the following year.

Import of Knitted or Crocheted Pile Fabrics in Morocco (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China201199234155-8.3%
Others8.38.89.470.5104.0%
Total2092082432252.5%

Top Suppliers of Knitted or Crocheted Pile Fabrics to Morocco in 2022:

  1. China (36.8K tons)

Exports of Knitted or Crocheted Pile Fabrics in Morocco

In 2022, approx. 27 tons of knitted or crocheted pile fabricses were exported from Morocco; with an increase of 49% compared with the previous year. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 133%. As a result, the exports reached the peak of 36 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, knitted or crocheted pile fabrics exports surged to $370K in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 172%. As a result, the exports reached the peak of $461K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Knitted or Crocheted Pile Fabrics in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain49.538720116148.2%
Germany18.44.054.441.931.6%
Portugal46.351.813.028.0-15.4%
France15.718.57.910.6-12.3%
Vietnam31.0N/AN/AN/A0%
Others8.9N/A1.6129143.8%
Total17046127837029.6%

Top Export Markets for Knitted or Crocheted Pile Fabrics from Morocco in 2022:

  1. Spain (9.5 tons)
  2. France (2.4 tons)
  3. Portugal (1.8 tons)
  4. Germany (0.9 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Fabrics; pile fabrics, including "long pile" fabrics and terry fabrics, knitted or crocheted - Morocco