Price for Clothing; Parts, Knitted or Crocheted in Morocco - 2022

Price for Clothing; Parts, Knitted or Crocheted in Morocco (CIF) - 2022

In 2022, the average import price for clothing; parts, knitted or crocheted amounted to $14,241 per ton, picking up by 11% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The import price peaked at $40,734 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($21,413 per ton), while the price for Thailand ($7,796 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-8.1%), while the prices for the other major suppliers experienced a decline.

Price for Clothing; Parts, Knitted or Crocheted in Morocco (FOB) - 2022

In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $6,747 per ton, increasing by 6.1% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2021 when the average export price increased by 76%. Over the period under review, the average export prices attained the maximum at $8,487 per ton 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($24,948 per ton), while the average price for exports to France amounted to $6,093 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-1.7%).

Imports of Clothing; Parts, Knitted or Crocheted in Morocco

In 2022, approx. 1.6K tons of clothing; parts, knitted or crocheted were imported into Morocco; picking up by 60% on the previous year. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 66%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, clothing; parts, knitted or crocheted imports skyrocketed to $23M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Clothing; Parts, Knitted or Crocheted in Morocco (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	6.8	5.8	10.1	19.8	42.8%
Spain	0.8	0.8	1.8	2.3	42.2%
Thailand	N/A	0.1	0.2	0.2	41.4%
Germany	1.4	0.5	N/A	N/A	-64.3%
Others	0.1	0.2	0.5	0.3	44.2%
Total	9.2	7.4	12.7	22.6	34.9%

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Morocco in 2022:

Portugal (1428.2 tons)
Spain (105.1 tons)
Thailand (24.4 tons)
Germany (0.9 tons)

Exports of Clothing; Parts, Knitted or Crocheted in Morocco

In 2022, after three years of growth, there was decline in overseas shipments of clothing; parts, knitted or crocheted, when their volume decreased by less than 0.1% to 197 tons. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 44%. As a result, the exports attained the peak of 197 tons, leveling off in the following year.

In value terms, clothing; parts, knitted or crocheted exports expanded rapidly to $1.3M in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 154%. The exports peaked in 2022 and are likely to continue growth in the near future.