Morocco: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Morocco

In 2022, the Moroccan primary fiber crops market increased by X% to $X, rising for the third consecutive year after five years of decline. Overall, consumption, however, saw a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Primary Fiber Crops Production in Morocco

In value terms, primary fiber crops production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Primary fiber crops production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Primary Fiber Crops Exports

Exports from Morocco

Primary fiber crops exports from Morocco dropped notably to X tons in 2022, reducing by X% against the previous year's figure. Over the period under review, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, primary fiber crops exports contracted significantly to $X in 2022. In general, exports saw a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Djibouti (X tons) was the main destination for primary fiber crops exports from Morocco, accounting for a X% share of total exports. Moreover, primary fiber crops exports to Djibouti exceeded the volume sent to the second major destination, Sweden (X kg), more than tenfold. Denmark (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Djibouti was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Denmark (X% per year).

In value terms, the largest markets for primary fiber crops exported from Morocco were Denmark ($X), Djibouti ($X) and Sweden ($X), with a combined X% share of total exports.

Denmark, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price showed temperate growth. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Djibouti ($X 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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Primary Fiber Crops Imports

Imports into Morocco

In 2022, purchases abroad of fiber crops (primary) increased by X% to X tons, rising for the third consecutive year after five years of decline. Over the period under review, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, primary fiber crops imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt decline. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Tanzania (X tons) and Kenya (X tons) were the main suppliers of primary fiber crops imports to Morocco, with a combined X% share of total imports. Argentina, Madagascar, India, Turkey, Greece, Sri Lanka, Burkina Faso and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest primary fiber crops suppliers to Morocco were Spain ($X), Argentina ($X) and Tanzania ($X), with a combined X% share of total imports.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 primary fiber crops import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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