Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Morocco - 2023
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Morocco (CIF) - 2023
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Morocco (FOB) - 2022
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Morocco
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Morocco
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Morocco (CIF) - 2023
The average import price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $14,805 per ton in December 2022, reducing by -48% against the previous month. Over the period under review, the import price continues to indicate a deep slump. The growth pace was the most rapid in July 2022 an increase of 32% against the previous month. As a result, import price reached the peak level of $30,705 per ton. From August 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was France ($43,665 per ton), while the price for China ($2,725 per ton) was amongst the lowest.
From June 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced a decline.
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Morocco (FOB) - 2022
In 2022, the average export price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $38,053 per ton, waning by -23.5% against the previous year. Overall, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of 20%. Over the period under review, the average export prices reached the peak figure at $167,748 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 ($107,889 per ton), while the average price for exports to France ($30,975 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 Senegal (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Morocco
In 2022, approx. 232 tons of press-fasteners, snap-fasteners, press-studs and parts therefor were imported into Morocco; with an increase of 16% on the year before. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 20%. As a result, imports attained the peak of 243 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor expanded slightly to $5.4M in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 984 | 2,025 | 1,432 | 1,252 | 8.4% |
| Japan | 706 | 691 | 814 | 838 | 5.9% |
| Turkey | 533 | 363 | 356 | 812 | 15.1% |
| Spain | 516 | 426 | 616 | 595 | 4.9% |
| China | 538 | 531 | 371 | 351 | -13.3% |
| United Kingdom | 525 | 301 | 271 | 294 | -17.6% |
| Belgium | 69.4 | 253 | 245 | 293 | 61.6% |
| Taiwan (Chinese) | 19.4 | 53.7 | 178 | 120 | 83.6% |
| Others | 1,169 | 523 | 832 | 807 | -11.6% |
| Total | 5,060 | 5,167 | 5,114 | 5,362 | 2.0% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Morocco in 2022:
- Germany (64.5 tons)
- China (53.8 tons)
- Turkey (29.1 tons)
- Japan (29.0 tons)
- Spain (13.5 tons)
- Taiwan (Chinese) (11.3 tons)
- Belgium (10.3 tons)
- United Kingdom (5.8 tons)
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Morocco
Exports of press-fasteners, snap-fasteners, press-studs and parts therefor from Morocco skyrocketed to 2 tons in 2022, growing by 168% on 2021 figures. Overall, exports, however, continue to indicate a abrupt slump.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor surged to $76K in 2022. In general, exports, however, faced a sharp contraction.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.0 | 19.6 | 21.0 | 37.9 | 75.6% |
| Spain | 29.7 | N/A | 4.3 | 6.8 | -38.8% |
| Senegal | N/A | N/A | N/A | 4.5 | 0% |
| United Kingdom | 53.4 | 2.5 | 0.2 | 2.5 | -64.0% |
| Belgium | 23.9 | 0.2 | 5.9 | 0.8 | -67.8% |
| United Arab Emirates | 0.5 | N/A | N/A | N/A | 0% |
| Others | 36.9 | 4.0 | 5.5 | 23.2 | -14.3% |
| Total | 151 | 26.3 | 36.9 | 75.8 | -20.5% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Morocco in 2022:
- France (1224.0 kg)
- Senegal (117.0 kg)
- Spain (63.0 kg)
- United Kingdom (39.0 kg)
- Belgium (13.0 kg)
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