Price for Wool, Not Carded or Combed in Morocco - 2022
Contents:
- Price for Wool, Not Carded or Combed in Morocco (CIF) - 2022
- Price for Wool, Not Carded or Combed in Morocco (FOB) - 2022
- Imports of Wool, Not Carded or Combed in Morocco
- Exports of Wool, Not Carded or Combed in Morocco
Price for Wool, Not Carded or Combed in Morocco (CIF) - 2022
In 2022, the average import price for wool, not carded or combed amounted to $5,198 per ton, dropping by -10.2% against the previous year. In general, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. The import price peaked at $6,007 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 stood at $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 in Morocco (FOB) - 2022
The average export price for wool, not carded or combed stood at $796 per ton in 2022, surging by 23% against the previous year. Over the period under review, the export price, however, recorded a perceptible descent. Over the period under review, the average export prices hit record highs at $1,141 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,448 per ton), while the average price for exports to India ($512 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 Spain (+2.3%), while the prices for the other major destinations experienced a decline.
Imports of Wool, Not Carded or Combed in Morocco
In 2022, the amount of wool, not carded or combed imported into Morocco surged to 322 tons, increasing by 30% compared with the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern.
In value terms, wool, not carded or combed imports skyrocketed to $1.7M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed 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 in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,230 | 1,175 | 1,336 | 1,600 | 9.2% |
| Germany | 90.3 | 144 | 66.5 | 47.6 | -19.2% |
| Portugal | 41.0 | N/A | N/A | N/A | 0% |
| Others | 92.7 | 35.6 | 36.8 | 28.6 | -32.4% |
| Total | 1,454 | 1,354 | 1,439 | 1,676 | 4.9% |
Top Suppliers of Wool, Not Carded or Combed to Morocco in 2022:
- New Zealand (311.8 tons)
- Germany (4.9 tons)
Exports of Wool, Not Carded or Combed in Morocco
In 2022, the amount of wool, not carded or combed exported from Morocco shrank dramatically to 1.2K tons, which is down by -35.4% compared with the year before. Over the period under review, exports faced a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 90%.
In value terms, wool, not carded or combed exports shrank remarkably to $966K in 2022. In general, exports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year.
| Export of Wool, Not Carded or Combed in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 622 | 190 | 106 | 347 | -17.7% |
| India | 729 | 280 | 593 | 335 | -22.8% |
| China | 755 | 136 | 314 | 206 | -35.1% |
| Turkey | 420 | 22.7 | 104 | 30.5 | -58.3% |
| Belgium | 38.9 | 55.0 | 64.3 | 27.3 | -11.1% |
| Italy | 61.3 | N/A | 2.5 | 10.8 | -43.9% |
| Others | 165 | N/A | 33.8 | 10.5 | -60.1% |
| Total | 2,791 | 683 | 1,217 | 966 | -29.8% |
Top Export Markets for Wool, Not Carded or Combed from Morocco in 2022:
- India (654.2 tons)
- France (326.8 tons)
- China (142.3 tons)
- Turkey (37.2 tons)
- Belgium (20.2 tons)
- Italy (17.3 tons)
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