Price for Wadding; Other Articles Thereof, of Cotton in Morocco - 2023
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Morocco (CIF) - 2022
- Price for Wadding; Other Articles Thereof, of Cotton in Morocco (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Cotton in Morocco
- Exports of Wadding; Other Articles Thereof, of Cotton in Morocco
Price for Wadding; Other Articles Thereof, of Cotton in Morocco (CIF) - 2022
The average import price for wadding; other articles thereof, of cotta stood at $5,533 per ton in 2022, reducing by -15.9% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 wadding; other articles thereof, of cotta increased by +31.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 31% against the previous year. As a result, import price reached the peak level of $6,580 per ton, and then declined sharply in the following year.
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 ($8,870 per ton), while the price for China ($3,726 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Cotton in Morocco (FOB) - 2022
The average export price for wadding; other articles thereof, of cotta stood at $3,368 per ton in 2022, increasing by 58% against the previous year. Overall, the export price, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 121%. As a result, the export price reached the peak level of $22,763 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($19,411 per ton), while the average price for exports to Germany ($538 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 Mauritania (+2.9%), while the prices for the other major destinations experienced a decline.
Imports of Wadding; Other Articles Thereof, of Cotton in Morocco
In 2022, approx. 697 tons of wadding; other articles thereof, of cotta were imported into Morocco; jumping by 33% against 2021. The total import volume increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, imports of wadding; other articles thereof, of cotta expanded sharply to $3.9M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Wadding; Other Articles Thereof, of Cotton in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 804 | 1,110 | 656 | 1,322 | 18.0% |
| Turkey | 437 | 580 | 740 | 654 | 14.4% |
| France | 432 | 717 | 688 | 592 | 11.1% |
| Spain | 157 | 117 | 367 | 424 | 39.3% |
| Italy | 321 | 172 | 339 | 227 | -10.9% |
| Netherlands | 301 | 288 | 282 | 198 | -13.0% |
| Tunisia | 45.3 | 164 | 71.6 | 156 | 51.0% |
| Others | 498 | 396 | 302 | 284 | -17.1% |
| Total | 2,996 | 3,544 | 3,446 | 3,858 | 8.8% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Morocco in 2022:
- China (354.8 tons)
- Turkey (101.2 tons)
- France (71.6 tons)
- Spain (49.7 tons)
- Tunisia (31.5 tons)
- Italy (25.6 tons)
- Netherlands (24.2 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in Morocco
Exports of wadding; other articles thereof, of cotta from Morocco fell rapidly to 9.8 tons in 2022, waning by -75.9% compared with the previous year. In general, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 309% against the previous year. As a result, the exports attained the peak of 41 tons, and then dropped significantly in the following year.
In value terms, exports of wadding; other articles thereof, of cotta declined remarkably to $33K in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, the exports attained the peak of $87K, and then dropped dramatically in the following year.
| Export of Wadding; Other Articles Thereof, of Cotton in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | 47.6 | 14.9 | 61.2 | 13.1 | -35.0% |
| Belgium | N/A | N/A | 15.3 | 10.2 | -33.3% |
| Senegal | 3.1 | 0.3 | 0.6 | 5.5 | 21.1% |
| France | 6.1 | 32.1 | 2.6 | 1.1 | -43.5% |
| Germany | 0.3 | 0.7 | 1.2 | N/A | 100.0% |
| Others | 6.3 | N/A | 5.9 | 3.0 | -21.9% |
| Total | 63.4 | 48.1 | 86.7 | 33.0 | -19.6% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Morocco in 2022:
- Belgium (5.7 tons)
- Mauritania (3.4 tons)
- Senegal (0.3 tons)
- France (0.2 tons)
- Germany (0.1 tons)
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