Price for Textile Machinery; Spinning Machines in Morocco - 2022
Contents:
- Price for Textile Machinery; Spinning Machines in Morocco (CIF) - 2022
- Price for Textile Machinery; Spinning Machines in Morocco (FOB) - 2022
- Imports of Textile Machinery; Spinning Machines in Morocco
- Exports of Textile Machinery; Spinning Machines in Morocco
Price for Textile Machinery; Spinning Machines in Morocco (CIF) - 2022
In 2022, the average textile machinery; spinning machines import price amounted to $6,272 per unit, jumping by 42% against the previous year. Overall, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 128% against the previous year. As a result, import price attained the peak level of $21,382 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($24,150 per unit), while the price for India ($3,709 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Textile Machinery; Spinning Machines in Morocco (FOB) - 2022
In 2022, the average textile machinery; spinning machines export price amounted to $23,890 per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 273% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($36,321 per unit), while the average price for exports to Taiwan (Chinese) ($13,293 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 Taiwan (Chinese) (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textile Machinery; Spinning Machines in Morocco
Textile machinery; spinning machines imports into Morocco skyrocketed to 83 units in 2022, jumping by 73% compared with 2021 figures. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, textile machinery; spinning machines imports surged to $521K in 2022. Overall, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Textile Machinery; Spinning Machines in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 19.1 | 34.5 | 15.1 | 245 | 134.1% |
| Italy | 36.7 | 56.1 | 20.7 | 242 | 87.5% |
| Switzerland | 65.2 | 56.0 | 34.4 | N/A | -27.4% |
| Netherlands | 95.8 | 173 | 75.4 | N/A | -11.3% |
| Others | 119 | 132 | 66.5 | 34.3 | -33.9% |
| Total | 336 | 451 | 212 | 521 | 15.7% |
Top Suppliers of Textile Machinery; Spinning Machines to Morocco in 2022:
- India (66.0 units)
- Italy (10.0 units)
Exports of Textile Machinery; Spinning Machines in Morocco
For the third consecutive year, Morocco recorded decline in shipments abroad of textile machinery; spinning machineses, which decreased by 0% to 4 units in 2022. Overall, exports showed a precipitous slump. The smallest decline of -38.5% was in 2020. The exports peaked at 13 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, textile machinery; spinning machines exports totaled $96K in 2022. Over the period under review, exports continue to indicate significant growth. The smallest decline of -87% was in 2020. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Textile Machinery; Spinning Machines in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | N/A | N/A | 36.3 | 0% |
| India | 4.2 | 1.1 | N/A | 26.3 | 84.3% |
| Spain | 2.3 | 0.3 | N/A | 19.7 | 104.6% |
| Taiwan (Chinese) | 2.5 | 0.6 | N/A | 13.3 | 74.6% |
| Senegal | 5.0 | N/A | N/A | N/A | 0% |
| Togo | 0.5 | N/A | N/A | N/A | 0% |
| France | 10.8 | 2.5 | N/A | N/A | -76.9% |
| United Arab Emirates | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Egypt | 3.1 | 0.8 | N/A | N/A | -74.2% |
| Algeria | 2.2 | 0.7 | N/A | N/A | -68.2% |
| Italy | 3.2 | N/A | N/A | N/A | 0% |
| Others | 20.6 | 1.1 | N/A | N/A | -94.7% |
| Total | 54.8 | 7.1 | N/A | 95.6 | 20.4% |
Top Export Markets for Textile Machinery; Spinning Machines from Morocco in 2022:
- India (1.0 units)
- Taiwan (Chinese) (1.0 units)
- Spain (1.0 units)
- Mexico (1.0 units)
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