Morocco: Cushion Cover Market 2022

Cushion Cover Market Size in Morocco

The Moroccan cushion cover market surged to $X in 2021, increasing by 58% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cushion Cover Production in Morocco

In value terms, cushion cover production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.9% against 2019 indices. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Cushion Cover Exports

Exports from Morocco

For the fourth consecutive year, Morocco recorded decline in shipments abroad of furnishing articles for car seats, which decreased by -85.2% to X tons in 2021. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 31%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cushion cover exports reduced sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for cushion cover exports from Morocco, accounting for a 86% share of total exports. Moreover, cushion cover exports to Spain exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to -21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.7% per year) and the United States (+16.6% per year).

In value terms, Spain ($X) remains the key foreign market for cushion cover exports from Morocco, comprising 92% of total exports. The second position in the ranking was taken by France ($X), with a 3% share of total exports. It was followed by Portugal, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-6.4% per year) and Portugal (+177.0% per year).

Export Prices by Country

In 2021, the average cushion cover export price amounted to $X per ton, increasing by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +6.5%. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Portugal ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cushion Cover Imports

Imports into Morocco

In 2021, approx. X tons of furnishing articles for car seats were imported into Morocco; with a decrease of -47.9% against 2020. In general, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 149%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, cushion cover imports plummeted to $X in 2021. Over the period under review, imports, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 189% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cushion cover to Morocco, accounting for a 59% share of total imports. Moreover, cushion cover imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sevenfold. Spain (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+24.9% per year) and Spain (-8.1% per year).

In value terms, the largest cushion cover suppliers to Morocco were China ($X), Slovakia ($X) and Spain ($X), together accounting for 64% of total imports.

Among the main suppliers, Slovakia, with a CAGR of +61.9%, recorded 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

The average cushion cover import price stood at $X per ton in 2021, with an increase of 55% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 2021, the country with the highest price was Slovakia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+63.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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