Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Morocco - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Morocco (FOB) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Morocco (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Morocco
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Morocco
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Morocco (FOB) - 2022
The average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $821 per ton in 2022, jumping by 42% against the previous year. Overall, the export price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of 51%. As a result, the export price attained the peak level of $1,431 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.9% per year.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Morocco (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $7,848 per ton, growing by 15% against the previous year. Over the period under review, the import price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2017 an increase of 73% against the previous year. As a result, import price attained the peak level of $17,571 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($7,875 per ton), while the price for France amounted to $7,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.6%).
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Morocco
Exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) from Morocco shrank dramatically to 37 tons in 2022, dropping by -96.1% on the previous year. Overall, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 1,371% against the previous year. As a result, the exports reached the peak of 946 tons, and then contracted notably in the following year.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) contracted rapidly to $31K in 2022. Over the period under review, exports recorded a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 896%. As a result, the exports reached the peak of $548K, and then reduced sharply in the following year.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 5.4 | 2.2 | 27.7 | 30.5 | 78.1% |
| Spain | 19.8 | 2.0 | 5.5 | N/A | -47.3% |
| Belgium | 8.5 | 2.0 | 13.5 | N/A | 26.0% |
| United Kingdom | 196 | 39.8 | 375 | N/A | 38.3% |
| France | 8.7 | 1.5 | 12.4 | N/A | 19.4% |
| India | 42.2 | 7.2 | 112 | N/A | 62.9% |
| Others | 2.1 | 0.2 | 1.7 | N/A | -10.0% |
| Total | 282 | 55.0 | 548 | 30.5 | -52.4% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from Morocco in 2022:
- Turkey (37.2 tons)
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Morocco
In 2022, after three years of growth, there was significant decline in purchases abroad of wool; (not carded or combed), degreased, (not carbonised), (other than shorn), when their volume decreased by -13.2% to 33 kg. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.3% 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 +57.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, imports attained the peak of 38 kg, and then declined in the following year.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) shrank slightly to $259 in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 0.4% against the previous year. As a result, imports reached the peak of $260, leveling off in the following year.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 240 | 256 | 250 | 252 | 1.6% |
| France | 19.0 | 3.0 | 9.0 | 7.0 | -28.3% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 259 | 259 | 260 | 259 | 0.0% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to Morocco in 2022:
- Spain (32.0 kg)
- France (1.0 kg)
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