Morocco: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Morocco

The Moroccan market for coconut, abaca, ramie and other vegetable textile fibres expanded remarkably to $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate a strong increase. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Morocco

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres reduced slightly to $X in 2022 estimated in export price. Overall, production showed a mild decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

The average yield of coconut, abaca, ramie and other vegetable textile fibres in Morocco contracted slightly to X kg per ha in 2022, flattening at 2021. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The yield of coconut, abaca, ramie and other vegetable textile fibres peaked at X kg per ha in 2013; however, from 2014 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of coconut, abaca, ramie and other vegetable textile fibres were harvested in Morocco; remaining constant against 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to coconut, abaca, ramie and other vegetable textile fibre production reached the maximum at X ha in 2017; afterwards, it flattened through to 2022.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Morocco

After two years of growth, overseas shipments of coconut, abaca, ramie and other vegetable textile fibres decreased by X% to X kg in 2022. In general, exports saw a sharp setback. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres reduced markedly to $X in 2022. Over the period under review, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Benin (X kg) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Morocco, accounting for a X% share of total exports. Moreover, exports of coconut, abaca, ramie and other vegetable textile fibres to Benin exceeded the volume sent to the second major destination, Senegal (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Benin was relatively modest.

In value terms, Benin ($X) and Senegal ($X) constituted the largest markets for coconut, abaca, ramie and other vegetable textile fibre exported from Morocco worldwide.

Among the main countries of destination, Benin, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, picking up by X% against the previous year. Overall, the export price saw significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Benin amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (X%).

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Morocco

In 2022, imports of coconut, abaca, ramie and other vegetable textile fibres into Morocco skyrocketed to X tons, increasing by X% compared with 2021. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres totaled $X in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Tanzania (X tons), Kenya (X tons) and Madagascar (X tons) were the main suppliers of imports of coconut, abaca, ramie and other vegetable textile fibres to Morocco, with a combined X% share of total imports. Spain, Sri Lanka and Brazil lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Morocco were Tanzania ($X), Kenya ($X) and Madagascar ($X), with a combined X% share of total imports. Spain, Brazil and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 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 Brazil ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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