Morocco: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in Morocco

The Moroccan aluminium alloy tube market skyrocketed to $X in 2022, picking up by 66% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a prominent expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Aluminium Alloy Tube Exports

Exports from Morocco

In 2022, aluminium alloy tube exports from Morocco declined modestly to X tons, with a decrease of -2.2% against the year before. In general, exports saw a deep reduction. The growth pace was the most rapid in 2021 with an increase of 4.7% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aluminium alloy tube exports shrank slightly to $X in 2022. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 3.4% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for aluminium alloy tube exports from Morocco, with a 62% share of total exports. Moreover, aluminium alloy tube exports to Spain exceeded the volume sent to the second major destination, Benin (X tons), twofold. The third position in this ranking was taken by the UK (X kg), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at -14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+2,131.9% per year) and the UK (+2,253.7% per year).

In value terms, Spain ($X) remains the key foreign market for aluminium alloy tubes and pipes exports from Morocco, comprising 60% of total exports. The second position in the ranking was taken by Benin ($X), with a 19% share of total exports. It was followed by the UK, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+2,365.2% per year) and the UK (+983.3% per year).

Export Prices by Country

In 2022, the average aluminium alloy tube export price amounted to $X per ton, remaining constant against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 2.4% against the previous year. Over the period under review, the average export prices hit record highs 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 UK ($X per ton), while the average price for exports to Mauritania ($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 Mauritania (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Tube Imports

Imports into Morocco

In 2022, the amount of aluminium alloy tubes and pipes imported into Morocco skyrocketed to X tons, increasing by 88% against the year before. Overall, imports recorded strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by 113%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, aluminium alloy tube imports skyrocketed to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 88%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of aluminium alloy tube to Morocco, accounting for a 31% share of total imports. Moreover, aluminium alloy tube imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.9% per year) and Turkey (+14.5% per year).

In value terms, Italy ($X) constituted the largest supplier of aluminium alloy tubes and pipes to Morocco, comprising 25% of total imports. The second position in the ranking was held by Turkey ($X), with a 5.9% share of total imports. It was followed by China, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.4% per year) and China (+10.1% per year).

Import Prices by Country

The average aluminium alloy tube import price stood at $X per ton in 2022, which is down by -16.9% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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