Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Morocco - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Morocco (CIF) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Morocco (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Morocco
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Morocco
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Morocco (CIF) - 2022
The average import price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $5,198 per ton in 2022, reducing by -10.2% against the previous year. Overall, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2020 an increase of 6.6% against the previous year. Over the period under review, average import prices attained the maximum at $5,899 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($9,758 per ton), while the price for New Zealand totaled $5,131 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%).
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Morocco (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), degreased, (not carbonised), shorn amounted to $1,325 per ton, reducing by -3.5% against the previous year. In general, the export price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $1,982 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.0% per year.
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Morocco
In 2022, the amount of wool; (not carded or combed), degreased, (not carbonised), shorn imported into Morocco surged to 322 tons, picking up by 30% against 2021 figures. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn soared to $1.7M in 2022. The total import value increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,195 | 1,175 | 1,336 | 1,600 | 10.2% |
| Germany | 90.3 | 144 | 66.5 | 47.6 | -19.2% |
| United Kingdom | 38.5 | N/A | 15.5 | 7.0 | -43.3% |
| Others | 35.2 | 35.5 | 21.0 | 21.5 | -15.2% |
| Total | 1,359 | 1,354 | 1,439 | 1,676 | 7.2% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to Morocco in 2022:
- New Zealand (311.8 tons)
- Germany (4.9 tons)
- United Kingdom (2.1 tons)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Morocco
In 2022, the amount of wool; (not carded or combed), degreased, (not carbonised), shorn exported from Morocco declined rapidly to 62 tons, falling by -79% against the previous year. Over the period under review, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 5.7% against the previous year.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), shorn shrank rapidly to $82K in 2022. Overall, exports saw a precipitous shrinkage. The smallest decline of -14.9% was in 2021.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 701 | 200 | 252 | 81.6 | -51.2% |
| Belgium | 64.7 | N/A | 18.0 | N/A | -47.3% |
| United Kingdom | 32.4 | N/A | N/A | N/A | 0% |
| France | 356 | 258 | 121 | N/A | -41.7% |
| Others | N/A | 16.5 | 12.1 | N/A | -26.7% |
| Total | 1,154 | 474 | 403 | 81.6 | -58.6% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn from Morocco in 2022:
- China (61.6 tons)
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