
Morocco - Non-Woven Glass Fibre Webs, Felts, Mattresses and Boards - Market Analysis, Forecast, Size, Trends and Insights
Morocco: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2023
Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Morocco
The Moroccan non-woven glass fibre articles market surged to $X in 2021, increasing by 41% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted prominent growth. Non-woven glass fibre articles consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.
Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards
Exports from Morocco
For the tenth consecutive year, Morocco recorded growth in shipments abroad of non-woven glass fibre webs, felts, mattresses and boards, which increased by 28% to X tons in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 162%. The exports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, non-woven glass fibre articles exports soared to $X in 2021. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 67% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.
Exports by Country
Portugal (X tons), Poland (X tons) and France (X kg) were the main destinations of non-woven glass fibre articles exports from Morocco, together comprising 34% of total exports.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +285.1%), while the other leaders experienced a decline.
In value terms, Portugal ($X), Poland ($X) and France ($X) constituted the largest markets for non-woven glass fibre articles exported from Morocco worldwide, with a combined 34% share of total exports.
Among the main countries of destination, Portugal, with a CAGR of +112.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average non-woven glass fibre articles export price stood at $X per ton in 2021, growing by 4.6% against the previous year. In general, the export price, however, recorded a slight contraction. The growth pace was the most rapid in 2017 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Spain ($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 Denmark (+336.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards
Imports into Morocco
In 2021, imports of non-woven glass fibre webs, felts, mattresses and boards into Morocco skyrocketed to X tons, growing by 50% against the previous year's figure. Overall, imports showed prominent growth. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.
In value terms, non-woven glass fibre articles imports skyrocketed to $X in 2021. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 42%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Spain (X tons) constituted the largest non-woven glass fibre articles supplier to Morocco, accounting for a 31% share of total imports. Moreover, non-woven glass fibre articles imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by China (X tons), with an 8.6% share.
From 2012 to 2021, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+27.5% per year) and China (-6.5% per year).
In value terms, Spain ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to Morocco, comprising 34% of total imports. The second position in the ranking was held by China ($X), with a 7.4% share of total imports. It was followed by Turkey, with a 7.2% share.
From 2012 to 2021, the average annual growth rate of value from Spain stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.3% per year) and Turkey (+36.8% per year).
Import Prices by Country
In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, falling by -9.7% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-woven glass fibre articles import price decreased by -14.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 62% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for non-woven glass fibre articles in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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