Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Morocco - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Morocco (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Morocco (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Morocco
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Morocco
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Morocco (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $96 per unit in 2022, increasing by 5.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 8.8%. The import price peaked at $127 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($141 per unit), while the price for China ($61 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Morocco (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $75 per unit, jumping by 16% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 50% against the previous year. As a result, the export price attained the peak level of $97 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Senegal ($76 per unit) and Belgium ($76 per unit), while the average price for exports to Cote d'Ivoire ($76 per unit) and Canada ($76 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Morocco
In 2022, purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -10.8% to 605K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.5% 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 +38.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 25%. Over the period under review, imports of attained the maximum at 679K units in 2021, and then fell in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use dropped to $58M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, imports attained the peak of $62M, and then contracted in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 8.2 | 10.7 | 16.4 | 15.2 | 22.8% |
| Spain | 6.0 | 6.6 | 9.8 | 9.3 | 15.7% |
| Poland | 4.7 | 4.5 | 8.2 | 7.8 | 18.4% |
| Italy | 5.1 | 4.9 | 6.3 | 5.4 | 1.9% |
| China | 7.4 | 6.8 | 6.6 | 3.9 | -19.2% |
| Portugal | 2.6 | 1.9 | 2.6 | 3.5 | 10.4% |
| France | 3.7 | 2.6 | 3.0 | 3.0 | -6.8% |
| Germany | 1.3 | 1.3 | 1.6 | 1.8 | 11.5% |
| Malaysia | 1.0 | 1.0 | 1.1 | 0.8 | -7.2% |
| Hong Kong SAR | 2.2 | 1.7 | 0.3 | 0.1 | -64.3% |
| Others | 6.1 | 5.0 | 5.7 | 7.1 | 5.2% |
| Total | 48.3 | 46.8 | 61.7 | 58.0 | 6.3% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Morocco in 2022:
- Turkey (159.2K units)
- Spain (94.9K units)
- Poland (79.9K units)
- China (63.2K units)
- Italy (60.9K units)
- France (29.5K units)
- Portugal (25.2K units)
- Germany (15.7K units)
- Malaysia (10.8K units)
- Hong Kong SAR (1.4K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Morocco
In 2022, the amount of furniture; wooden, other than for office, kitchen or bedroom use exported from Morocco stood at 131K units, growing by 5.3% against the previous year's figure. Overall, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Over the period under review, the exports of hit record highs at 146K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use surged to $9.9M in 2022. Over the period under review, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +2.5% 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 +69.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,398 | 780 | 1,004 | 2,188 | 16.1% |
| France | 1,194 | 1,174 | 1,415 | 1,556 | 9.2% |
| Mauritania | 364 | 451 | 815 | 805 | 30.3% |
| Ghana | 230 | 19.4 | 105 | 601 | 37.7% |
| Austria | 9.6 | 17.7 | 63.0 | 489 | 270.7% |
| Belgium | 606 | 608 | 446 | 486 | -7.1% |
| Spain | 344 | 162 | 525 | 459 | 10.1% |
| Senegal | 249 | 207 | 150 | 253 | 0.5% |
| Canada | 141 | 76.0 | 107 | 227 | 17.2% |
| United Kingdom | 182 | 151 | 460 | 187 | 0.9% |
| Cote d'Ivoire | 431 | 142 | 468 | 180 | -25.3% |
| Germany | 496 | 444 | 126 | 161 | -31.3% |
| United Arab Emirates | 114 | 83.6 | 199 | 152 | 10.1% |
| Others | 3,428 | 1,528 | 2,213 | 2,142 | -14.5% |
| Total | 9,186 | 5,844 | 8,096 | 9,886 | 2.5% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Morocco in 2022:
- United States (29.0K units)
- France (20.6K units)
- Mauritania (10.7K units)
- Ghana (8.0K units)
- Austria (6.5K units)
- Belgium (6.4K units)
- Spain (6.1K units)
- Senegal (3.3K units)
- Canada (3.0K units)
- United Kingdom (2.5K units)
- Cote d'Ivoire (2.4K units)
- Germany (2.1K units)
- United Arab Emirates (2.0K units)
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