Morocco: Market for Furnishing Articles, Furniture and Cushion Covers 2024

Market Size for Furnishing Articles, Furniture and Cushion Covers in Morocco

In 2022, the Moroccan market for furnishing articles, furniture and cushion covers increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, continues to indicate a slight contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Furnishing Articles, Furniture and Cushion Covers in Morocco

In value terms, production of furnishing articles, furniture and cushion covers shrank modestly to $X in 2022 estimated in export price. In general, production saw a mild setback. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

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Exports of Furnishing Articles, Furniture and Cushion Covers

Exports from Morocco

In 2022, the amount of furnishing articles, furniture and cushion covers exported from Morocco fell sharply to X tons, waning by X% against the previous year. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of furnishing articles, furniture and cushion covers plummeted to $X in 2022. In general, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for exports of furnishing articles, furniture and cushion covers from Morocco, with a X% share of total exports. Moreover, exports of furnishing articles, furniture and cushion covers to France exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was taken by Spain (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Spain (X% per year).

In value terms, France ($X), the United States ($X) and Spain ($X) were the largest markets for furnishing article, furniture and cushion cover exported from Morocco worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for furnishing articles, furniture and cushion covers stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($X 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 the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports into Morocco

In 2022, imports of furnishing articles, furniture and cushion covers into Morocco contracted to X tons, declining by X% compared with 2021 figures. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of furnishing articles, furniture and cushion covers reduced notably to $X in 2022. In general, imports, however, showed slight growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest furnishing article, furniture and cushion cover supplier to Morocco, with a X% share of total imports. Moreover, imports of furnishing articles, furniture and cushion covers from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. The third position in this ranking was held by Pakistan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Pakistan (X% per year).

In value terms, China ($X), Slovakia ($X) and Turkey ($X) appeared to be the largest furnishing article, furniture and cushion cover suppliers to Morocco, with a combined X% share of total imports.

Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for furnishing articles, furniture and cushion covers stood at $X per ton in 2022, declining by X% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 furnishing articles, furniture and cushion covers increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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