Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Morocco - 2022

Contents:

1. Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Morocco (CIF) - 2022
2. Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Morocco (FOB) - 2022
3. Imports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Morocco
4. Exports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Morocco

Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Morocco (CIF) - 2022

In 2022, the average import price for wool, or fine or coarse animal hair; garnetted stock amounted to $1,985 per ton, which is down by -21.1% against the previous year. In general, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of 42%. Over the period under review, average import prices hit record highs at $5,495 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($5,196 per ton), while the price for France ($345 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.6%), while the prices for the other major suppliers experienced a decline.

Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Morocco (FOB) - 2022

The average export price for wool, or fine or coarse animal hair; garnetted stock stood at $3,634 per ton in 2022, increasing by 26% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $3,773 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the United States ($13,236 per ton), while the average price for exports to Italy stood at $3,157 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-1.8%).

Imports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Morocco

In 2022, the amount of wool, or fine or coarse animal hair; garnetted stock imported into Morocco surged to 49 tons, growing by 77% on 2021. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 172%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock soared to $98K in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 65%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Wool, or Fine or Coarse Animal Hair; Garnetted Stock to Morocco in 2022:

1. Italy (32.8 tons)
2. Netherlands (10.4 tons)
3. France (4.9 tons)
4. Spain (1.0 tons)

Exports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Morocco

In 2022, the amount of wool, or fine or coarse animal hair; garnetted stock exported from Morocco shrank rapidly to 11 tons, with a decrease of -18% on 2021 figures. Over the period under review, exports saw a deep slump. The smallest decline of -9.4% was in 2020.

In value terms, exports of wool, or fine or coarse animal hair; garnetted stock expanded modestly to $42K in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Wool, or Fine or Coarse Animal Hair; Garnetted Stock from Morocco in 2022:

1. Italy (10.9 tons)
2. United States (0.5 tons)

Source: IndexBox Market Intelligence Platform