Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Morocco - 2023

Contents:

1. Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Morocco (CIF) - 2023
2. Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Morocco (FOB) - 2022
3. Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Morocco
4. Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Morocco

Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Morocco (CIF) - 2023

The average import price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $11.0 per square meter in June 2023, increasing by 27% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $11.5 per square meter in November 2022; however, from December 2022 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($19.1 per square meter), while the price for Jordan ($6.8 per square meter) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Morocco (FOB) - 2022

The average export price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $11 per square meter in 2022, rising by 6.9% against the previous year. Overall, the export price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 45% against the previous year. The export price peaked at $19 per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($32 per square meter), while the average price for exports to Gabon ($8.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Morocco

In 2022, imports of carpets and other textile floor coverings; tufted, whether or not made ups into Morocco fell remarkably to 2.5M square meters, with a decrease of -23.7% against 2021. Over the period under review, imports saw a pronounced decline. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of 3.2M square meters, and then contracted dramatically in the following year.

In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups shrank to $30M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.0% 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 +46.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 51%. As a result, imports reached the peak of $31M, and then dropped in the following year.

Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to Morocco in 2022:

1. Belgium (836.4K square meters)
2. Turkey (415.0K square meters)
3. Netherlands (323.0K square meters)
4. France (168.8K square meters)
5. Spain (89.2K square meters)
6. Egypt (87.2K square meters)
7. Portugal (74.5K square meters)
8. China (68.1K square meters)
9. India (66.8K square meters)
10. United States (63.5K square meters)
11. Italy (62.7K square meters)
12. Germany (59.6K square meters)
13. Romania (44.1K square meters)

Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Morocco

After three years of growth, shipments abroad of carpets and other textile floor coverings; tufted, whether or not made ups decreased by -77.6% to 20K square meters in 2022. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 156% against the previous year. As a result, the exports attained the peak of 89K square meters, and then fell dramatically in the following year.

In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups shrank sharply to $227K in 2022. Overall, exports saw a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 105%. As a result, the exports reached the peak of $946K, and then contracted significantly in the following year.

Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from Morocco in 2022:

1. Mauritania (13.6K square meters)
2. Mali (2.2K square meters)
3. Senegal (2.1K square meters)
4. Sweden (0.4K square meters)
5. Qatar (0.1K square meters)
6. Netherlands (0.1K square meters)
7. France (0.1K square meters)
8. Belgium (0.1K square meters)
9. Cote d'Ivoire (0.1K square meters)

Source: IndexBox Market Intelligence Platform