Price for Blankets and Travelling Rugs in Morocco - 2022

Contents:

  1. Price for Blankets and Travelling Rugs in Morocco (FOB) - 2022
  2. Price for Blankets and Travelling Rugs in Morocco (CIF) - 2022
  3. Exports of Blankets and Travelling Rugs in Morocco
  4. Imports of Blankets and Travelling Rugs in Morocco

Price for Blankets and Travelling Rugs in Morocco (FOB) - 2022

The average blankets and travelling rugs export price stood at $12 per unit in 2022, with a decrease of -9.4% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices hit record highs at $27 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($20 per unit), while the average price for exports to Libya ($3.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.3%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Blankets and Travelling Rugs in Morocco (CIF) - 2022

In December 2022, the average blankets and travelling rugs import price amounted to $11.0 per unit, stabilizing at the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 an increase of 715% against the previous month. As a result, import price reached the peak level of $72.0 per unit. From July 2022 to December 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Turkey ($13.5 per unit), while the price for India ($8.5 per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Blankets and Travelling Rugs in Morocco

In 2022, exports of blankets and travelling rugses from Morocco skyrocketed to 1.5M units, with an increase of 23% on 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 38%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, blankets and travelling rugs exports stood at $17M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Blankets and Travelling Rugs in Morocco (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom8.19.411.611.111.1%
PortugalN/AN/A1.73.9129.4%
Spain0.20.50.91.281.7%
France0.70.30.60.6-5.0%
Others0.70.50.60.5-10.6%
Total9.710.615.517.321.3%

Top Export Markets for Blankets and Travelling Rugs from Morocco in 2022:

  1. United Kingdom (827.3K units)
  2. Portugal (434.1K units)
  3. Spain (145.1K units)
  4. France (32.3K units)

Imports of Blankets and Travelling Rugs in Morocco

In 2022, purchases abroad of blankets and travelling rugses decreased by -1.4% to 304K units, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.1% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 61%. As a result, imports attained the peak of 341K units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, blankets and travelling rugs imports reduced markedly to $4.7M in 2022. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 8.7% against the previous year. As a result, imports reached the peak of $7.3M, and then contracted rapidly in the following year.

Import of Blankets and Travelling Rugs in Morocco (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Egypt0.61.01.41.432.6%
Spain1.51.72.21.1-9.8%
China3.02.82.10.8-35.6%
Portugal0.70.50.50.5-10.6%
Turkey0.50.50.60.3-15.7%
Others0.40.30.50.57.7%
Total6.76.77.34.7-11.1%

Top Suppliers of Blankets and Travelling Rugs to Morocco in 2022:

  1. Egypt (167.8K units)
  2. Portugal (49.9K units)
  3. Spain (28.5K units)
  4. China (26.2K units)
  5. Turkey (20.7K units)

Source: IndexBox Market Intelligence Platform

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