Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Morocco - 2023

Contents:

1. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Morocco (CIF) - 2023
2. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Morocco (FOB) - 2022
3. Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Morocco
4. Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Morocco

Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Morocco (CIF) - 2023

In June 2023, the average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $10.6 per pair, falling by -12.3% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 88% m-o-m. The import price peaked at $19.7 per pair in July 2022; however, from August 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 Turkey ($33.8 per pair), while the price for India ($5.0 per pair) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+11.9%), while the prices for the other major suppliers experienced a decline.

Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Morocco (FOB) - 2022

The average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $49 per pair in 2022, dropping by -6.6% against the previous year. Overall, the export price, however, recorded a significant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 269%. The export price peaked at $52 per pair in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +7.1% per year.

Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Morocco

In 2022, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber into Morocco declined to 343K pairs, which is down by -13.9% on 2021. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.8% 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 +46.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 70%. As a result, imports attained the peak of 399K pairs, and then contracted in the following year.

In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber reduced to $4M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +39.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. As a result, imports reached the peak of $4.5M, and then dropped in the following year.

Top Suppliers of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber to Morocco in 2022:

1. China (282.9K pairs)
2. Spain (14.7K pairs)
3. Turkey (14.5K pairs)
4. India (7.4K pairs)
5. South Korea (5.8K pairs)
6. France (3.6K pairs)
7. Sri Lanka (3.4K pairs)

Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Morocco

For the third consecutive year, Morocco recorded decline in shipments abroad of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber, which decreased by -14.2% to 31K pairs in 2022. In general, exports continue to indicate a deep contraction. The smallest decline of -13.6% was in 2020. The exports peaked at 55K pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber shrank significantly to $1.5M in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 3.3% against the previous year. The exports peaked at $2.1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber from Morocco in 2022:

1. France (31.1K pairs)

Source: IndexBox Market Intelligence Platform