Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco - 2023
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco (CIF) - 2023
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco (FOB) - 2022
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco (CIF) - 2023
The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $1,697 per ton in June 2023, shrinking by -2.3% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 6.8% month-to-month. The import price peaked at $1,861 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($1,698 per ton), while the price for Turkey amounted to $1,687 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.3%).
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco (FOB) - 2022
In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $1,264 per ton, increasing by 19% against the previous year. Over the period under review, the export price, however, saw a mild curtailment. The growth pace was the most rapid in 2017 an increase of 24%. The export price peaked at $1,521 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 the Netherlands ($1,313 per ton), while the average price for exports to Italy ($297 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 Italy (-1.5%), while the prices for the other major destinations experienced a decline.
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco
In 2022, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses into Morocco skyrocketed to 11K tons, with an increase of 108% compared with the previous year's figure. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 188%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $20M in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 262% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 1.6 | 1.8 | 7.3 | 18.5 | 126.1% |
Turkey | 0.7 | 0.4 | 1.0 | 0.6 | -5.0% |
Spain | N/A | N/A | N/A | 0.6 | 0% |
Others | N/A | 0.2 | N/A | N/A | 0% |
Total | 2.3 | 2.3 | 8.4 | 19.7 | 104.6% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Morocco in 2022:
- Netherlands (10.1K tons)
- Spain (0.7K tons)
- Turkey (0.4K tons)
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco
In 2022, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses from Morocco surged to 14K tons, jumping by 40% against the previous year's figure. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 168%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $17M in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 206%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 1.4 | 3.2 | 9.5 | 15.3 | 121.9% |
Belgium | 0.5 | 0.1 | 0.1 | 1.6 | 47.4% |
Kenya | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
Italy | N/A | N/A | 0.1 | 0.1 | 0.0% |
Others | N/A | N/A | 0.4 | 0.2 | -50.0% |
Total | 2.1 | 3.4 | 10.4 | 17.4 | 102.4% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Morocco in 2022:
- Netherlands (11.7K tons)
- Belgium (1.3K tons)
- Kenya (0.3K tons)
- Italy (0.3K tons)
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