Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Morocco - 2023

Contents:

1. Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Morocco (CIF) - 2023
2. Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Morocco (FOB) - 2022
3. Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Morocco
4. Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Morocco

Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Morocco (CIF) - 2023

In June 2023, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,439 per ton, reducing by -7.4% against the previous month. In general, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 2.8% month-to-month. As a result, import price attained the peak level of $1,881 per ton. From October 2022 to June 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were Italy ($1,544 per ton) and South Korea ($1,466 per ton), while the price for Nigeria ($1,172 per ton) and China ($1,264 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Morocco (FOB) - 2022

The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,585 per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of 17% against the previous year. Over the period under review, the average export prices attained the peak figure at $10,720 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,590 per ton), while the average price for exports to Cote d'Ivoire amounted to $1,565 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+1.5%).

Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Morocco

In 2022, approx. 41K tons of synthetic staple fibres, not carded, combed or otherwise processed for spinnings were imported into Morocco; shrinking by -23.4% against the previous year. Over the period under review, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of 53K tons, and then shrank dramatically in the following year.

In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings contracted to $73M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports reached the peak of $78M, and then reduced in the following year.

Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Morocco in 2022:

1. India (4.5K tons)
2. South Korea (4.5K tons)
3. Nigeria (3.2K tons)
4. Netherlands (1.7K tons)
5. Italy (1.4K tons)
6. Algeria (1.3K tons)
7. Turkey (1.1K tons)
8. China (0.7K tons)
9. Thailand (0.5K tons)
10. Indonesia (0.3K tons)
11. Vietnam (0.1K tons)
12. Germany (0.1K tons)

Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Morocco

In 2022, overseas shipments of synthetic staple fibres, not carded, combed or otherwise processed for spinnings decreased by -51% to 1.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,400% against the previous year.

In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings plummeted to $2.3M in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,491%.

Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Morocco in 2022:

1. Netherlands (632.1 tons)
2. Cote d'Ivoire (103.8 tons)

Source: IndexBox Market Intelligence Platform