Price for Cotton; Yarn Waste (Including Thread Waste) in Morocco - 2023

Contents:

1. Price for Cotton; Yarn Waste (Including Thread Waste) in Morocco (CIF) - 2022
2. Price for Cotton; Yarn Waste (Including Thread Waste) in Morocco (FOB) - 2022
3. Imports of Cotton; Yarn Waste (Including Thread Waste) in Morocco
4. Exports of Cotton; Yarn Waste (Including Thread Waste) in Morocco

Price for Cotton; Yarn Waste (Including Thread Waste) in Morocco (CIF) - 2022

In 2022, the average import price for cotton; yarn waste (including thread waste) amounted to $102,000 per ton, with an increase of 7,520% against the previous year. In general, the import price saw a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +286.0% per year.

Price for Cotton; Yarn Waste (Including Thread Waste) in Morocco (FOB) - 2022

The average export price for cotton; yarn waste (including thread waste) stood at $553 per ton in 2022, picking up by 6.4% against the previous year. In general, the export price posted a tangible expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 52% against the previous year. The export price peaked at $797 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($1,159 per ton), while the average price for exports to Spain stood at $537 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.1%).

Imports of Cotton; Yarn Waste (Including Thread Waste) in Morocco

In 2022, overseas purchases of cotton; yarn waste (including thread waste) decreased by 99.9% to 2 kg, falling for the second consecutive year after two years of growth. In general, imports faced a sharp downturn. The pace of growth was the most pronounced in 2020 with an increase of 57%. As a result, imports reached the peak of 73 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cotton; yarn waste (including thread waste) dropped rapidly to $204 in 2022. Over the period under review, imports faced a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of 65% against the previous year. As a result, imports reached the peak of $115K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to Morocco in 2022:

1. Italy (2.0 kg)

Exports of Cotton; Yarn Waste (Including Thread Waste) in Morocco

In 2022, shipments abroad of cotton; yarn waste (including thread waste) increased by 70% to 2.7 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a sharp curtailment.

In value terms, exports of cotton; yarn waste (including thread waste) skyrocketed to $1.5K in 2022. Over the period under review, exports, however, saw a sharp slump.

Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from Morocco in 2022:

1. Spain (2.6 tons)
2. Sweden (0.1 tons)

Source: IndexBox Market Intelligence Platform