Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco - 2023

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco (CIF) - 2023
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco (FOB) - 2022
3. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Morocco
4. 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.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Morocco in 2022:

1. Netherlands (10.1K tons)
2. Spain (0.7K tons)
3. 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.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Morocco in 2022:

1. Netherlands (11.7K tons)
2. Belgium (1.3K tons)
3. Kenya (0.3K tons)
4. Italy (0.3K tons)

Source: IndexBox Market Intelligence Platform