Morocco: Sisal Binder Market 2022

Sisal Binder Market Size in Morocco

After seven years of growth, the Moroccan sisal binder market decreased by -X% to $X in 2021. Overall, consumption, however, saw a strong increase. Sisal binder consumption peaked at $X in 2020, and then declined modestly in the following year.

Sisal Binder Exports

Exports from Morocco

In 2021, exports of sisal binder or baler (agricultural) twines from Morocco dropped markedly to less than X kg, with a decrease of -X% against the previous year's figure. Overall, exports recorded a dramatic setback. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, sisal binder exports fell significantly to less than $X in 2021. Over the period under review, exports faced a precipitous setback. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X kg) was the main destination for sisal binder exports from Morocco, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Spain was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

The average sisal binder export price stood at $X per ton in 2020, approximately equating the previous year. Over the period under review, the export price showed a noticeable decrease. As a result, the export price attained the peak level of $X per ton. From 2014 to 2020, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2020, the rate of growth in terms of prices for Spain amounted to X% per year.

Sisal Binder Imports

Imports into Morocco

In 2021, purchases abroad of sisal binder or baler (agricultural) twines decreased by -X% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, sisal binder imports contracted to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2020, and then declined modestly in the following year.

Imports by Country

Brazil (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of sisal binder imports to Morocco, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of sisal binder to Morocco, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2021, the average sisal binder import price amounted to $X per ton, flattening at the previous year. Overall, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform