Price for Rubber Thread and Cord; Textile Covered in Morocco - 2023
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Morocco (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in Morocco (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in Morocco
- Exports of Rubber Thread and Cord; Textile Covered in Morocco
Price for Rubber Thread and Cord; Textile Covered in Morocco (CIF) - 2022
The average import price for rubber thread and cord; textile covereds stood at $5,102 per ton in 2022, waning by -13.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $7,569 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($12,484 per ton), while the price for China ($3,981 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in Morocco (FOB) - 2022
In 2022, the average export price for rubber thread and cord; textile covereds amounted to $7,467 per ton, shrinking by -4.9% against the previous year. Overall, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 9.9% against the previous year. As a result, the export price attained the peak level of $24,420 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($33,000 per ton), while the average price for exports to Spain ($1,000 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 Mauritania (-7.3%), while the prices for the other major destinations experienced a decline.
Imports of Rubber Thread and Cord; Textile Covered in Morocco
In 2022, imports of rubber thread and cord; textile covereds into Morocco soared to 287 tons, picking up by 86% compared with the previous year's figure. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of rubber thread and cord; textile covereds surged to $1.5M in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Rubber Thread and Cord; Textile Covered in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 272 | 411 | 409 | 882 | 48.0% |
| Spain | 34.3 | 50.5 | 21.6 | 117 | 50.5% |
| United Kingdom | 3.5 | 3.6 | 22.0 | 76.8 | 180.0% |
| Italy | 16.9 | 37.0 | 78.0 | 75.4 | 64.6% |
| Greece | 74.0 | 68.4 | 51.4 | 67.8 | -2.9% |
| Thailand | 32.9 | 42.5 | 41.3 | 47.4 | 12.9% |
| Hungary | 119 | 101 | 74.1 | 46.1 | -27.1% |
| Turkey | 4.1 | 6.4 | 60.1 | 8.6 | 28.0% |
| Others | 163 | 136 | 155 | 144 | -4.0% |
| Total | 719 | 857 | 912 | 1,465 | 26.8% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Morocco in 2022:
- China (221.5 tons)
- Spain (24.3 tons)
- Italy (10.0 tons)
- Greece (7.7 tons)
- United Kingdom (6.1 tons)
- Thailand (3.9 tons)
- Hungary (1.6 tons)
- Turkey (1.2 tons)
Exports of Rubber Thread and Cord; Textile Covered in Morocco
In 2022, shipments abroad of rubber thread and cord; textile covereds decreased by -25% to 15 kg, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 26%. As a result, the exports reached the peak of 1.6 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of rubber thread and cord; textile covereds fell significantly to $112 in 2022. In general, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2020 with an increase of 31% against the previous year. As a result, the exports attained the peak of $26K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Rubber Thread and Cord; Textile Covered in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.0 | 0.3 | N/A | N/A | -70.0% |
| United States | 0.3 | 0.2 | N/A | N/A | -33.3% |
| Germany | 0.4 | 0.7 | N/A | N/A | 75.0% |
| United Kingdom | 1.1 | 1.4 | N/A | N/A | 27.3% |
| France | 8.8 | 9.6 | N/A | N/A | 9.1% |
| French Polynesia | N/A | N/A | N/A | N/A | 0% |
| United Arab Emirates | 6.1 | 5.0 | N/A | N/A | -18.0% |
| Tunisia | 0.2 | 1.1 | 0.1 | N/A | -29.3% |
| Portugal | 1.4 | 3.6 | N/A | N/A | 157.1% |
| Algeria | N/A | 3.4 | N/A | N/A | 0% |
| Mauritania | 0.6 | 0.9 | N/A | N/A | 50.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 19.9 | 26.2 | 0.2 | 0.1 | -82.9% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Morocco in 2022:
- Tunisia (4.0 kg)
- Mauritania (2.0 kg)
- Portugal (2.0 kg)
- United Arab Emirates (1.0 kg)
- French Polynesia (1.0 kg)
- France (1.0 kg)
- United Kingdom (1.0 kg)
- Germany (1.0 kg)
- United States (1.0 kg)
- Spain (1.0 kg)
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