Price for Buttons; of Base Metal, Not Covered with Textile Material in Morocco - 2023

Contents:

1. Price for Buttons; of Base Metal, Not Covered with Textile Material in Morocco (CIF) - 2023
2. Price for Buttons; of Base Metal, Not Covered with Textile Material in Morocco (FOB) - 2022
3. Imports of Buttons; of Base Metal, Not Covered with Textile Material in Morocco
4. Exports of Buttons; of Base Metal, Not Covered with Textile Material in Morocco

Price for Buttons; of Base Metal, Not Covered with Textile Material in Morocco (CIF) - 2023

The average import price for buttons; of base metal, not covered with textile materials stood at $26,876 per ton in December 2022, reducing by -16.2% against the previous month. In general, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 44% m-o-m. The import price peaked at $32,077 per ton in November 2022, and then dropped remarkably in the following month.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Turkey ($41,159 per ton), while the price for China ($11,040 per ton) was amongst the lowest.

From June 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Buttons; of Base Metal, Not Covered with Textile Material in Morocco (FOB) - 2022

In 2022, the average export price for buttons; of base metal, not covered with textile materials amounted to $56,170 per ton, surging by 9% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The growth pace was the most rapid in 2019 when the average export price increased by 206%. As a result, the export price attained the peak level of $149,632 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($114,434 per ton), while the average price for exports to Germany ($12,213 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Buttons; of Base Metal, Not Covered with Textile Material in Morocco

In 2022, approx. 855 tons of buttons; of base metal, not covered with textile materials were imported into Morocco; surging by 15% compared with the previous year's figure. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of buttons; of base metal, not covered with textile materials fell to $23M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 80% against the previous year. As a result, imports attained the peak of $24M, and then reduced in the following year.

Top Suppliers of Buttons; of Base Metal, Not Covered with Textile Material to Morocco in 2022:

1. Spain (262.3 tons)
2. Italy (204.9 tons)
3. China (167.3 tons)
4. France (87.6 tons)
5. Turkey (75.2 tons)
6. Portugal (35.9 tons)

Exports of Buttons; of Base Metal, Not Covered with Textile Material in Morocco

For the fourth year in a row, Morocco recorded growth in overseas shipments of buttons; of base metal, not covered with textile materials, which increased by 140% to 14 tons in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 177% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of buttons; of base metal, not covered with textile materials soared to $808K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Buttons; of Base Metal, Not Covered with Textile Material from Morocco in 2022:

1. Italy (8.8 tons)
2. Spain (3.6 tons)
3. Germany (1.7 tons)
4. Tunisia (0.2 tons)

Source: IndexBox Market Intelligence Platform