Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Morocco - 2023

Contents:

1. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Morocco (CIF) - 2023
2. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Morocco (FOB) - 2023
3. Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Morocco
4. Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Morocco

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Morocco (CIF) - 2023

In June 2023, the average import price for fabrics, knitted or crocheted, of a width of > 30 cms amounted to $9,448 per ton, dropping by -5% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 9.1% month-to-month. The import price peaked at $10,344 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($22,091 per ton), while the price for Egypt ($6,398 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Morocco (FOB) - 2023

The average export price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $19,085 per ton in June 2023, declining by -8.6% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 54% m-o-m. As a result, the export price reached the peak level of $21,595 per ton. From March 2023 to June 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was France ($34,498 per ton), while the average price for exports to Spain ($9,874 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Morocco

In 2022, imports of fabrics, knitted or crocheted, of a width of > 30 cms into Morocco expanded notably to 39K tons, growing by 8.5% on 2021 figures. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +70.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of fabrics, knitted or crocheted, of a width of > 30 cms amounted to $339M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm to Morocco in 2022:

1. China (10.3K tons)
2. Portugal (9.7K tons)
3. Turkey (7.9K tons)
4. United Kingdom (3.0K tons)
5. Spain (3.0K tons)
6. France (2.7K tons)
7. Egypt (0.8K tons)
8. South Korea (0.6K tons)

Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Morocco

In 2022, overseas shipments of fabrics, knitted or crocheted, of a width of > 30 cms decreased by -7.6% to 856 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% 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 +58.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 46%.

In value terms, exports of fabrics, knitted or crocheted, of a width of > 30 cms dropped slightly to $14M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 82% against the previous year.

Top Export Markets for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm from Morocco in 2022:

1. France (352.2 tons)
2. Portugal (270.6 tons)
3. Spain (211.9 tons)

Source: IndexBox Market Intelligence Platform