Price for Textiles; Worn Clothing and Other Worn Articles in Morocco - 2023

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Morocco (CIF) - 2023
2. Price for Textiles; Worn Clothing and Other Worn Articles in Morocco (FOB) - 2023
3. Imports of Textiles; Worn Clothing and Other Worn Articles in Morocco
4. Exports of Textiles; Worn Clothing and Other Worn Articles in Morocco

Price for Textiles; Worn Clothing and Other Worn Articles in Morocco (CIF) - 2023

In June 2023, the average import price for textiles; worn clothing and other worn articleses amounted to $954 per ton, increasing by 4.6% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 25% month-to-month. As a result, import price attained the peak level of $1,135 per ton. From November 2022 to June 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were the UK ($1,028 per ton) and Germany ($990 per ton), while the price for the Netherlands ($770 per ton) and Belgium ($842 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 the Netherlands (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textiles; Worn Clothing and Other Worn Articles in Morocco (FOB) - 2023

The average export price for textiles; worn clothing and other worn articleses stood at $725 per ton in June 2023, rising by 8.4% against the previous month. Overall, the export price, however, saw a slight downturn. The pace of growth appeared the most rapid in January 2023 an increase of 62% against the previous month. As a result, the export price attained the peak level of $1,176 per ton. From February 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the United Arab Emirates ($1,678 per ton), while the average price for exports to Niger ($620 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textiles; Worn Clothing and Other Worn Articles in Morocco

After three years of growth, purchases abroad of textiles; worn clothing and other worn articleses decreased by -24.9% to 39K tons in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. As a result, imports reached the peak of 52K tons, and then fell remarkably in the following year.

In value terms, imports of textiles; worn clothing and other worn articleses shrank notably to $37M in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 221% against the previous year. As a result, imports reached the peak of $58M, and then declined sharply in the following year.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Morocco in 2022:

1. Spain (13.4K tons)
2. Germany (11.3K tons)
3. United Kingdom (4.9K tons)
4. Netherlands (3.4K tons)
5. Belgium (3.4K tons)
6. Romania (0.9K tons)
7. Tunisia (0.6K tons)
8. Poland (0.2K tons)
9. China (0.1K tons)

Exports of Textiles; Worn Clothing and Other Worn Articles in Morocco

Exports of textiles; worn clothing and other worn articleses from Morocco fell rapidly to 6.6K tons in 2022, reducing by -34.2% on 2021 figures. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. As a result, the exports reached the peak of 10K tons, and then fell dramatically in the following year.

In value terms, exports of textiles; worn clothing and other worn articleses dropped remarkably to $6.6M in 2022. Overall, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Morocco in 2022:

1. Spain (1615.9 tons)
2. Niger (1312.1 tons)
3. Togo (813.9 tons)
4. Ghana (414.3 tons)
5. Pakistan (373.7 tons)
6. United Arab Emirates (351.6 tons)
7. Cameroon (256.2 tons)
8. Guinea (219.2 tons)
9. Netherlands (130.2 tons)
10. Angola (117.9 tons)
11. Belgium (107.1 tons)
12. Cote d'Ivoire (104.2 tons)
13. Chile (103.1 tons)

Source: IndexBox Market Intelligence Platform