Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Morocco - 2023
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Morocco (CIF) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Morocco (FOB) - 2022
- Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Morocco
- Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Morocco
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Morocco (CIF) - 2022
In 2022, the average import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted amounted to $13,291 per ton, growing by 62% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted increased by +77.9% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($22,522 per ton), while the price for Turkey ($9,661 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Morocco (FOB) - 2022
In 2022, the average export price for fabrics; looped pile fabrics, of cotton, knitted or crocheted amounted to $7,533 per ton, with a decrease of -56.6% against the previous year. Over the period under review, the export price faced a deep contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 200% against the previous year. As a result, the export price reached the peak level of $37,000 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Portugal.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +70.1% per year.
Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Morocco
Imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted into Morocco shrank significantly to 4.2 tons in 2022, reducing by -94.7% compared with 2021. Overall, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 104% against the previous year. As a result, imports reached the peak of 80 tons, and then fell rapidly in the following year.
In value terms, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted shrank rapidly to $56K in 2022. Over the period under review, imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 111%. As a result, imports attained the peak of $655K, and then declined remarkably in the following year.
| Import of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 76.4 | 64.2 | 72.3 | 46.4 | -15.3% |
| Italy | N/A | N/A | 3.9 | 4.0 | 2.6% |
| Turkey | 161 | 148 | 574 | 3.5 | -72.1% |
| Spain | 2.1 | 92.1 | 2.6 | 2.0 | -1.6% |
| China | 125 | 6.5 | N/A | N/A | -94.8% |
| Others | 1.3 | N/A | 2.3 | N/A | 33.0% |
| Total | 367 | 311 | 655 | 56.0 | -46.6% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted to Morocco in 2022:
- Portugal (3.5 tons)
- Turkey (0.4 tons)
- Italy (0.2 tons)
- Spain (0.2 tons)
Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Morocco
In 2022, overseas shipments of fabrics; looped pile fabrics, of cotton, knitted or crocheted decreased by -95.2% to 30 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate significant growth.
In value terms, exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted fell sharply to $226 in 2022. In general, exports, however, enjoyed significant growth.
| Export of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | N/A | N/A | 5.2 | 0.2 | -96.2% |
| France | N/A | N/A | 5.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | N/A | 10.7 | 0.2 | -98.1% |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted from Morocco in 2022:
- Portugal (30.0 kg)
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