The textile industry represents a strategic sector for industrial development in Morocco, as it contributes to employing 200,000 Moroccans, more than a quarter of all industrial jobs, highlights the World Bank.
The report of the international finance corporation focuses its work on the private sector in developing countries, pointing out that “more than 1,500 textile companies are based in Morocco.”
While the Spanish company Inditex represents the largest buyer of Moroccan textile products, it contracts with more than 300 small factories in the Tangier region.
The World Bank stressed that “the most important textile regions in Morocco are the regions of Casablanca-Settat, Tangiers-Tetouan-Al Hoceima and Fez-Meknes,” noting that the sector achieved revenues of MAD 50.4 billion in 2020, and MAD 36.5 billion from exports.
According to the international report, Europe represents a major export-oriented market, especially France, Spain and the United Kingdom: “Morocco is the 7th largest supplier of clothing to Europe.”
“In Morocco, there are various actors along the value chain, including producers, collectors and recyclers. This structure promotes sector quality, productivity and competitiveness.”
The report stated that “Morocco hopes to transform the textile industry into a global market leader by 2035, by adopting a new strategy called that adopts environmentally friendly habits, including waste recycling and second-hand use.”
The textile sector was among the most affected by the international sharp decline in demand, which significantly hurt professionals in the country and hindered further growth.
However, Morocco’s textile ambitions have been translated into a strategy that focuses on maintaining, consolidating and diversifying new markets such as North America and Northern Europe.
Morocco also developed the Industrial Acceleration Plan 2014-2020, allocating MAD 3 billion annually from 2014 to 2020 to individual companies operating along the textile value chain, through the Industrial Development Fund.
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