Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Morocco - 2023

Contents:

1. Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Morocco (CIF) - 2023
2. Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Morocco (FOB) - 2023
3. Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Morocco
4. Exports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Morocco

Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Morocco (CIF) - 2023

In June 2023, the average import price for woven fabrics of combed wool or of combed fine animal hair amounted to $7.7 per square meter, with a decrease of -13.1% against the previous month. Over the period under review, the import price, however, saw moderate growth. The pace of growth was the most pronounced in January 2023 when the average import price increased by 34% against the previous month. The import price peaked at $11.8 per square meter in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($15.7 per square meter), while the price for Italy ($7.2 per square meter) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Morocco (FOB) - 2023

The average export price for woven fabrics of combed wool or of combed fine animal hair stood at $7.8 per square meter in June 2023, jumping by 25% against the previous month. Over the period under review, the export price continues to indicate a temperate increase. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 976% month-to-month. The export price peaked at $10.3 per square meter in February 2023; however, from March 2023 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Spain ($11.3 per square meter), while the average price for exports to the Netherlands ($1.8 per square meter) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Morocco

Imports of woven fabrics of combed wool or of combed fine animal hair into Morocco skyrocketed to 13M square meters in 2022, increasing by 29% against the previous year. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of woven fabrics of combed wool or of combed fine animal hair surged to $74M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

Top Suppliers of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair to Morocco in 2022:

1. Italy (10.5M square meters)
2. Portugal (0.7M square meters)
3. Netherlands (0.6M square meters)
4. China (0.2M square meters)
5. Spain (0.2M square meters)

Exports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Morocco

After two years of decline, shipments abroad of woven fabrics of combed wool or of combed fine animal hair increased by 35% to 549K square meters in 2022. The total export volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of woven fabrics of combed wool or of combed fine animal hair skyrocketed to $3.4M in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair from Morocco in 2022:

1. France (228.1K square meters)
2. Italy (149.3K square meters)
3. Netherlands (99.9K square meters)
4. Spain (37.8K square meters)
5. Portugal (8.8K square meters)

Source: IndexBox Market Intelligence Platform