Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Morocco - 2023

Contents:

1. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Morocco (CIF) - 2023
2. Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Morocco (FOB) - 2022
3. Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Morocco
4. Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Morocco

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Morocco (CIF) - 2023

The average import price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses stood at $1,697 per ton in June 2023, which is down by -2.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 6.8% against the previous month. The import price peaked at $1,861 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($1,698 per ton), while the price for Turkey totaled $1,687 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.3%).

Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Morocco (FOB) - 2022

In 2022, the average export price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses amounted to $1,264 per ton, growing by 19% against the previous year. Overall, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs at $1,521 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($1,313 per ton), while the average price for exports to Italy ($297 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 Italy (-1.5%), while the prices for the other major destinations experienced a decline.

Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Morocco

In 2022, imports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses into Morocco skyrocketed to 11K tons, picking up by 106% against 2021 figures. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 188%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses soared to $20M in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 261% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres to Morocco in 2022:

1. Netherlands (10.1K tons)
2. Spain (0.7K tons)
3. Turkey (0.4K tons)

Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Morocco

For the fourth consecutive year, Morocco recorded growth in shipments abroad of waste (including noils, yarn waste and garnetted stock), of man-made fibreses, which increased by 40% to 14K tons in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 168%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses surged to $17M in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 206%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres from Morocco in 2022:

1. Netherlands (11.7K tons)
2. Belgium (1.3K tons)
3. Kenya (0.3K tons)
4. Italy (0.3K tons)

Source: IndexBox Market Intelligence Platform