Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Morocco - 2023

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Morocco (CIF) - 2022
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Morocco (FOB) - 2022
3. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Morocco
4. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Morocco

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Morocco (CIF) - 2022

The average import price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $9,716 per ton in 2022, surging by 32% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for twine, cordage or rope; knotted netting, of other than man-made textileses increased by +49.2% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($21,063 per ton), while the price for the Netherlands ($2,168 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Morocco (FOB) - 2022

The average export price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $3,278 per ton in 2022, shrinking by -36.6% against the previous year. In general, the export price, however, posted a modest expansion. The most prominent rate of growth was recorded in 2013 an increase of 1,020%. As a result, the export price attained the peak level of $31,440 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($5,323 per ton), while the average price for exports to Senegal ($2,040 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 Cote d'Ivoire (+82.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Morocco

After two years of decline, purchases abroad of twine, cordage or rope; knotted netting, of other than man-made textileses increased by 24% to 291 tons in 2022. Overall, imports, however, saw a pronounced reduction.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses skyrocketed to $2.8M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to Morocco in 2022:

1. Vietnam (115.3 tons)
2. Spain (91.7 tons)
3. China (42.3 tons)
4. Italy (11.7 tons)
5. India (9.1 tons)
6. Netherlands (8.9 tons)
7. Greece (6.2 tons)
8. France (4.9 tons)
9. Turkey (0.7 tons)

Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Morocco

Exports of twine, cordage or rope; knotted netting, of other than man-made textileses from Morocco shrank significantly to 4.4 tons in 2022, which is down by -81.2% on the previous year. Over the period under review, exports faced a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 140% against the previous year.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses declined sharply to $14K in 2022. In general, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 42%.

Top Export Markets for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles from Morocco in 2022:

1. France (1.6 tons)
2. Mauritania (1.5 tons)
3. Senegal (1.2 tons)

Source: IndexBox Market Intelligence Platform