Price for Embroidery; in the Piece, in Strips or in Motifs in Morocco - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in Morocco (CIF) - 2023
- Price for Embroidery; in the Piece, in Strips or in Motifs in Morocco (FOB) - 2023
- Imports of Embroidery; in the Piece, in Strips or in Motifs in Morocco
- Exports of Embroidery; in the Piece, in Strips or in Motifs in Morocco
Price for Embroidery; in the Piece, in Strips or in Motifs in Morocco (CIF) - 2023
The average import price for embroidery; in the piece, in strips or in motifses stood at $14,135 per ton in December 2022, growing by 2% against the previous month. Over the period under review, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in September 2022 an increase of 33% m-o-m. Over the period under review, average import prices attained the peak figure at $18,399 per ton in June 2022; however, from July 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Spain ($33,144 per ton), while the price for China ($10,012 per ton) was amongst the lowest.
From June 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Embroidery; in the Piece, in Strips or in Motifs in Morocco (FOB) - 2023
The average export price for embroidery; in the piece, in strips or in motifses stood at $389K per ton in December 2022, rising by 791% against the previous month. Over the period under review, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was France ($422K per ton), while the average price for exports to Spain ($25,024 per ton) was amongst the lowest.
From June 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Embroidery; in the Piece, in Strips or in Motifs in Morocco
In 2022, the amount of embroidery; in the piece, in strips or in motifses imported into Morocco declined to 2.1K tons, shrinking by -3.9% compared with the previous year. Over the period under review, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.4% 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 increased by +67.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. As a result, imports attained the peak of 2.2K tons, and then contracted modestly in the following year.
In value terms, imports of embroidery; in the piece, in strips or in motifses fell modestly to $31M in 2022. In general, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 71%. As a result, imports reached the peak of $32M, and then contracted in the following year.
| Import of Embroidery; in the Piece, in Strips or in Motifs in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.8 | 11.7 | 21.9 | 20.9 | 3.6% |
| Spain | 2.4 | 1.7 | 2.0 | 1.7 | -10.9% |
| Turkey | 0.8 | 1.0 | 1.5 | 1.4 | 20.5% |
| India | 1.6 | 0.6 | 0.9 | 0.8 | -20.6% |
| Portugal | 0.3 | 0.1 | 0.3 | 0.6 | 26.0% |
| Others | 4.8 | 3.4 | 5.1 | 5.5 | 4.6% |
| Total | 28.7 | 18.5 | 31.6 | 30.9 | 2.5% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Morocco in 2022:
- China (1819.6 tons)
- Spain (80.5 tons)
- Turkey (59.8 tons)
- Portugal (36.4 tons)
- India (33.3 tons)
Exports of Embroidery; in the Piece, in Strips or in Motifs in Morocco
Exports of embroidery; in the piece, in strips or in motifses from Morocco soared to 30 tons in 2022, surging by 113% compared with the year before. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 143% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of embroidery; in the piece, in strips or in motifses skyrocketed to $3.1M in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Embroidery; in the Piece, in Strips or in Motifs in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 913 | 807 | 1,349 | 2,451 | 39.0% |
| Spain | 136 | 672 | 235 | 590 | 63.1% |
| United Arab Emirates | 24.3 | 6.2 | 14.2 | N/A | -23.6% |
| Algeria | 33.7 | 108 | N/A | N/A | 220.5% |
| Others | 5.8 | 15.7 | 60.5 | 48.9 | 103.5% |
| Total | 1,112 | 1,608 | 1,658 | 3,089 | 40.6% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Morocco in 2022:
- Spain (22.7 tons)
- France (6.4 tons)
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