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Morocco - Tyre Cord Fabric of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Tyre Cord Fabric Market 2022

Tyre Cord Fabric Market Size in Morocco

The Moroccan tyre cord fabric market reduced notably to $X in 2021, which is down by -89.7% 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 faced a significant contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Tyre Cord Fabric Exports

Exports from Morocco

Tyre cord fabric exports from Morocco contracted sharply to X kg in 2021, which is down by -52.7% compared with 2020 figures. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 1,000% against the previous year. As a result, the exports attained the peak of X kg, and then reduced sharply in the following year.

In value terms, tyre cord fabric exports reduced dramatically to $X in 2021. In general, exports, however, showed a strong expansion. The growth pace was the most rapid in 2020 with an increase of 521%. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

France (X kg) was the main destination for tyre cord fabric exports from Morocco, with a 71% share of total exports. Moreover, tyre cord fabric exports to France exceeded the volume sent to the second major destination, Spain (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to France stood at +1.1%.

In value terms, Spain ($X) remains the key foreign market for tyre cord fabric exports from Morocco, comprising 77% of total exports. The second position in the ranking was taken by France ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +18.1%.

Export Prices by Country

In 2021, the average tyre cord fabric export price amounted to $X per ton, increasing by 23% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2019 when the average export price increased by 222%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+21.4%).

Tyre Cord Fabric Imports

Imports into Morocco

In 2021, tyre cord fabric imports into Morocco contracted rapidly to X tons, waning by -90% compared with the year before. In general, imports faced a dramatic decrease. The growth pace was the most rapid in 2013 with an increase of 40% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, tyre cord fabric imports plummeted to $X in 2021. Overall, imports saw a sharp curtailment. The growth pace was the most rapid in 2013 when imports increased by 52%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of tyre cord fabric to Morocco, with a 100% share of total imports. It was followed by the UK (X kg), with a 0.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-43.3% per year) and China (-58.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of tyre cord fabric to Morocco, comprising 98% of total imports. The second position in the ranking was held by China ($X), with a 1.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-49.4% per year) and the UK (-44.9% per year).

Import Prices by Country

In 2021, the average tyre cord fabric import price amounted to $X per ton, growing by 11% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 20%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for tyre cord fabric of high tenacity yarn in the world?

China remains the largest tyre cord fabric consuming country worldwide, accounting for 22% of total volume. Moreover, tyre cord fabric consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Russia ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of tyre cord fabric of high tenacity yarn in the world?

China remains the largest tyre cord fabric producing country worldwide, accounting for 32% of total volume. Moreover, tyre cord fabric production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. Russia ranked third in terms of total production with a 5.6% share.

What are the leading suppliers of tyre cord fabric of high tenacity yarn to Morocco?

In value terms, Turkey constituted the largest supplier of tyre cord fabric to Morocco, comprising 98% of total imports. The second position in the ranking was held by China $141), with a 1.1% share of total imports.

What are the leading importers of tyre cord fabric of high tenacity yarn from Morocco?

In value terms, Spain remains the key foreign market for tyre cord fabric exports from Morocco, comprising 77% of total exports. The second position in the ranking was taken by France $593), with a 23% share of total exports.

What is the average export price for tyre cord fabric of high tenacity yarn in Morocco?

The average tyre cord fabric export price stood at $24,327 per ton in 2021, surging by 23% against the previous year.

What is the average import price for tyre cord fabric of high tenacity yarn in Morocco?

The average tyre cord fabric import price stood at $5,167 per ton in 2021, increasing by 11% against the previous year.

This report provides an in-depth analysis of the tyre cord fabric market 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.

Product coverage:

• Prodcom 13961500 - Tyre cord fabrics of high tenacity yarn, of nylon, other polyamides, polyesters or viscose rayon

Country coverage:

• Morocco

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Morocco

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance