Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Morocco - 2023

Contents:

1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Morocco (CIF) - 2022
2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Morocco (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Morocco
4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Morocco

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Morocco (CIF) - 2022

The average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $4,196 per ton in 2022, with an increase of 5.3% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 synthetic staple fibres, carded, combed or otherwise processed for spinnings increased by +81.6% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 25%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 ($25,132 per ton), while the price for Saudi Arabia ($923 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Morocco (FOB) - 2022

The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $1,834 per ton in 2022, falling by -9.4% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 233% against the previous year. Over the period under review, the average export prices attained the maximum at $10,863 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Portugal ($4,800 per ton), while the average price for exports to Spain ($219 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Morocco

Imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings into Morocco fell remarkably to 699 tons in 2022, which is down by -38.2% on the previous year. In general, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2021 when imports increased by 1.5%.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings contracted rapidly to $2.9M in 2022. Overall, imports showed a sharp slump. The growth pace was the most rapid in 2021 when imports increased by 5.6% against the previous year.

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Morocco in 2022:

1. Germany (265.1 tons)
2. Turkey (229.8 tons)
3. Portugal (53.8 tons)
4. Nigeria (42.2 tons)
5. Spain (34.6 tons)
6. France (20.9 tons)
7. Saudi Arabia (13.3 tons)
8. China (5.9 tons)

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Morocco

In 2022, approx. 157 tons of synthetic staple fibres, carded, combed or otherwise processed for spinnings were exported from Morocco; growing by 6,759% compared with 2021. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings skyrocketed to $288K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Morocco in 2022:

1. Burkina Faso (79.6 tons)
2. Mauritania (58.7 tons)
3. Spain (15.1 tons)
4. France (2.1 tons)

Source: IndexBox Market Intelligence Platform