Morocco: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Morocco

The Moroccan market for polyester tow and staple, not carded, combed or otherwise processed for spinning fell to $X in 2022, with a decrease of X% 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 continues to indicate a perceptible curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Morocco

In 2022, overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning dropped notably to $X in 2022. In general, exports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The Netherlands (X tons) and Cote d'Ivoire (X tons) were the main destinations of exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Morocco.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of X%).

In value terms, the Netherlands ($X) and Cote d'Ivoire ($X) were the largest markets for polyester tow and staple, not carded, combed or otherwise processed for spinning exported from Morocco worldwide.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

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

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Morocco

In 2022, approx. X tons of polyester tow and staple, not carded, combed or otherwise processed for spinning were imported into Morocco; reducing by X% on the year before. Over the period under review, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning declined to $X in 2022. In general, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), India (X tons) and Nigeria (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Morocco, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Nigeria (with a CAGR of X.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Morocco were South Korea ($X), India ($X) and Nigeria ($X), with a combined X% share of total imports.

Nigeria, with a CAGR of X.8%, saw the highest growth rate of 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

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, picking up 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.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Italy ($X per ton), while the price for Nigeria ($X per ton) and Algeria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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