Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Morocco - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Morocco (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Morocco (FOB) - 2023
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Morocco
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Morocco
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Morocco (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $1,837 per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when the average import price increased by 33% against the previous year. The import price peaked at $3,270 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
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 France ($11,384 per ton), while the price for Egypt ($1,079 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+1.4%), while the prices for the other major suppliers experienced a decline.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Morocco (FOB) - 2023
In June 2023, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $4,086 per ton, surging by 9.5% against the previous month. Over the period under review, the export price, however, recorded a perceptible setback. The growth pace was the most rapid in July 2022 an increase of 34% against the previous month. As a result, the export price attained the peak level of $8,072 per ton. From August 2022 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($57,284 per ton), while the average price for exports to Brazil ($2,538 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Morocco
In 2022, after three years of growth, there was decline in supplies from abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), when their volume decreased by -4.8% to 30K tons. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) shrank modestly to $54M in 2022. The total import value increased at an average annual rate of +9.8% 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 when imports increased by 27%. As a result, imports attained the peak of $57M, and then contracted in the following year.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.1 | 15.5 | 29.2 | 21.3 | 24.3% |
| France | 16.2 | 9.7 | 6.6 | 6.8 | -25.1% |
| Spain | 4.0 | 4.3 | 5.4 | 5.0 | 7.7% |
| India | 0.3 | 0.8 | 2.9 | 4.0 | 137.1% |
| Egypt | 1.6 | 3.9 | 2.8 | 3.1 | 24.7% |
| Saudi Arabia | N/A | 0.1 | 0.4 | 0.9 | 200.0% |
| Turkey | 1.0 | 0.8 | 1.2 | 0.6 | -15.7% |
| Others | 6.8 | 10.0 | 8.5 | 12.6 | 22.8% |
| Total | 41.1 | 45.1 | 57.0 | 54.4 | 9.8% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Morocco in 2022:
- China (19.0K tons)
- Egypt (2.9K tons)
- India (2.6K tons)
- Spain (1.6K tons)
- France (0.6K tons)
- Saudi Arabia (0.5K tons)
- Turkey (0.3K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Morocco
After three years of growth, overseas shipments of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) decreased by -38.9% to 6.9K tons in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 270% against the previous year.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) reduced markedly to $37M in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 124% against the previous year. As a result, the exports attained the peak of $56M, and then contracted dramatically in the following year.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.1 | 0.5 | 5.9 | 12.7 | 402.7% |
| Spain | 5.1 | 10.3 | 24.3 | 9.1 | 21.3% |
| France | 2.4 | 3.2 | 3.6 | 3.3 | 11.2% |
| Brazil | N/A | 1.3 | 0.7 | 1.8 | 17.7% |
| Romania | 0.3 | 1.0 | 2.4 | 1.2 | 58.7% |
| Italy | 0.4 | 0.4 | 1.2 | 0.8 | 26.0% |
| Canada | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Portugal | N/A | 0.7 | 5.7 | 0.1 | -62.2% |
| Poland | N/A | 2.4 | 4.8 | N/A | 100.0% |
| Others | 6.8 | 5.4 | 7.4 | 8.1 | 6.0% |
| Total | 15.2 | 25.0 | 56.0 | 37.5 | 35.1% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Morocco in 2022:
- United States (3175.7 tons)
- Spain (1627.8 tons)
- Brazil (775.1 tons)
- Romania (295.9 tons)
- France (287.0 tons)
- Canada (185.8 tons)
- Italy (181.7 tons)
- Portugal (58.3 tons)
- Poland (1.4 tons)
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