Price for Slide Fasteners and Parts Thereof in Morocco - 2022

Price for Slide Fasteners and Parts Thereof in Morocco (CIF) - 2022

In December 2022, the average import price for slide fasteners and parts thereoves amounted to $78.3 per thousand units, surging by 5.1% against the previous month. Overall, the import price, however, recorded a slight downturn. The pace of growth was the most pronounced in February 2022 an increase of 51% month-to-month. As a result, import price attained the peak level of $0.1 per unit. From March 2022 to December 2022, the average import prices remained at a somewhat 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 Spain ($304 per thousand units), while the price for China ($44.0 per thousand units) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Slide Fasteners and Parts Thereof in Morocco (FOB) - 2022

In 2022, the average export price for slide fasteners and parts thereoves amounted to $0.4 per unit, growing by 4.7% against the previous year. In general, the export price continues to indicate measured growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 139% against the previous year. As a result, the export price reached the peak level of $0.7 per unit. From 2015 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 the UK ($1 per unit), while the average price for exports to Mauritania ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners and Parts Thereof in Morocco

In 2022, slide fasteners and parts thereof imports into Morocco reduced slightly to 273M units, leveling off at 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Over the period under review, imports reached the peak figure at 277M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, slide fasteners and parts thereof imports fell to $26M in 2022. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports reached the peak figure at $29M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Slide Fasteners and Parts Thereof in Morocco (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	8.8	7.5	11.2	9.7	3.3%
Spain	10.1	5.5	6.6	6.2	-15.0%
Portugal	2.9	1.6	2.1	1.9	-13.1%
Turkey	1.4	1.2	1.7	1.6	4.6%
Italy	1.6	1.1	1.4	1.4	-4.4%
Egypt	0.3	0.4	0.9	0.9	44.2%
Others	3.7	2.1	3.2	4.0	2.6%
Total	28.7	19.6	27.2	25.8	-3.5%

Top Suppliers of Slide Fasteners and Parts Thereof to Morocco in 2022:

China (213.4M units)
Spain (18.7M units)
Turkey (7.2M units)
Portugal (6.1M units)
Italy (6.0M units)
Egypt (4.3M units)

Exports of Slide Fasteners and Parts Thereof in Morocco

In 2022, the amount of slide fasteners and parts thereoves exported from Morocco contracted notably to 681K units, shrinking by -33.4% on 2021. Overall, exports continue to indicate a significant decrease. The smallest decline of -0.1% was in 2020. Over the period under review, the exports attained the maximum at 1.6M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, slide fasteners and parts thereof exports fell notably to $251K in 2022. In general, exports continue to indicate a precipitous curtailment. The smallest decline of -28.6% was in 2021. The exports peaked at $720K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Slide Fasteners and Parts Thereof in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	508	201	251	161	-31.8%
France	54.0	32.0	39.1	35.4	-13.1%
Tunisia	65.5	124	N/A	22.7	-29.8%
United Kingdom	20.6	7.3	25.2	15.4	-9.2%
Senegal	4.5	7.0	5.1	8.8	25.1%
Mauritania	0.6	2.4	4.0	2.0	49.4%
Italy	N/A	75.6	1.5	0.2	-94.9%
Cote d'Ivoire	20.6	18.4	N/A	N/A	-10.7%
Others	46.5	36.2	33.8	5.9	-49.8%
Total	720	504	360	251	-29.6%