Wool; Carded Price in Morocco - 2022

Contents:

1. Wool; Carded Price in Morocco (FOB) - 2022
2. Wool; Carded Price in Morocco (CIF) - 2022
3. Wool; Carded Exports in Morocco
4. Wool; Carded Imports in Morocco

Wool; Carded Price in Morocco (FOB) - 2022

In 2022, the average wool; carded export price amounted to $5,750 per ton, almost unchanged from the previous year. Overall, the export price saw a abrupt contraction. The growth pace was the most rapid in 2019 an increase of 16% against the previous year. The export price peaked at $19,309 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($11,000 per ton), while the average price for exports to the UK totaled $4,000 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+116.6%).

Wool; Carded Price in Morocco (CIF) - 2022

In 2022, the average wool; carded import price amounted to $73,209 per ton, picking up by 25% against the previous year. Overall, the import price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 60%. The import price peaked at $84,532 per ton in 2020; however, from 2021 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 the UK ($1,786,000 per ton), while the price for Spain amounted to $56,605 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+87.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Wool; Carded Exports in Morocco

In 2022, overseas shipments of wool; carded decreased by 0% to 4 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a precipitous curtailment. The smallest decline of 99.9% was in 2020.

In value terms, wool; carded exports totaled $23 in 2022. Over the period under review, exports recorded a dramatic decline. The smallest decline of 99.9% was in 2020.

Top Export Markets for Wool; Carded from Morocco in 2022:

1. United Kingdom (3.0 kg)
2. France (1.0 kg)

Wool; Carded Imports in Morocco

In 2022, approx. 244 kg of wool; carded were imported into Morocco; increasing by 6.1% compared with the previous year. The total import volume increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 47%. As a result, imports reached the peak of 263 kg. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, wool; carded imports soared to $18K in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 90% against the previous year. As a result, imports reached the peak of $22K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Wool; Carded to Morocco in 2022:

1. Spain (238.0 kg)

Source: IndexBox Market Intelligence Platform