Morocco: Bedspread Market 2022

Bedspread Market Size in Morocco

After two years of decline, the Moroccan bedspread market increased by 3.9% to $X in 2021. Over the period under review, consumption, however, recorded a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Bedspread Production in Morocco

In value terms, bedspread production totaled $X in 2021 estimated in export price. Overall, production, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Bedspread production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Bedspread Exports

Exports from Morocco

In 2021, shipments abroad of bedspreads (excluding eiderdowns) was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bedspread exports skyrocketed to $X in 2021. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units) was the main destination for bedspread exports from Morocco, accounting for a 61% share of total exports. Moreover, bedspread exports to the UK exceeded the volume sent to the second major destination, the United Arab Emirates (X units), eightfold. Portugal (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +46.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+57.2% per year) and Portugal (+37.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for bedspread exports from Morocco, comprising 74% of total exports. The second position in the ranking was taken by Spain ($X), with a 5.6% share of total exports. It was followed by Portugal, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+29.1% per year) and Portugal (+49.5% per year).

Export Prices by Country

The average bedspread export price stood at $X per unit in 2021, with an increase of 39% against the previous year. In general, the export price recorded a noticeable expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+317.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bedspread Imports

Imports into Morocco

In 2021, overseas purchases of bedspreads (excluding eiderdowns) increased by 79% to X units, rising for the second year in a row after five years of decline. In general, imports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2020 with an increase of 179%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, bedspread imports soared to $X in 2021. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 153% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

Turkey (X units), China (X units) and Spain (X units) were the main suppliers of bedspread imports to Morocco, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +34.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Spain ($X) and China ($X) were the largest bedspread suppliers to Morocco, together comprising 94% of total imports.

Among the main suppliers, Turkey, with a CAGR of +37.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bedspread import price amounted to $X per unit, rising by 11% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 67%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Portugal ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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