Morocco: Aluminium Bar Market 2024

Aluminium Bar Market Size in Morocco

The Moroccan aluminium bar market skyrocketed to $X in 2021, rising by 43% 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, however, showed a slight descent. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Aluminium Bar Exports

Exports from Morocco

In 2021, shipments abroad of aluminium bars, rods and profiles was finally on the rise to reach X tons after two years of decline. Overall, exports saw resilient growth. The growth pace was the most rapid in 2018 when exports increased by 35% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, aluminium bar exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for aluminium bar exports from Morocco, accounting for a 74% share of total exports. Moreover, aluminium bar exports to France exceeded the volume sent to the second major destination, Spain (X tons), ninefold. The Netherlands (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+10.8% per year) and the Netherlands (+190.3% per year).

In value terms, France ($X) remains the key foreign market for aluminium bars, rods and profiles exports from Morocco, comprising 75% of total exports. The second position in the ranking was taken by Spain ($X), with an 8.4% share of total exports. It was followed by the Netherlands, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+11.2% per year) and the Netherlands (+230.4% per year).

Export Prices by Country

The average aluminium bar export price stood at $X per ton in 2021, with an increase of 19% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Senegal ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Morocco

In 2021, the amount of aluminium bars, rods and profiles imported into Morocco skyrocketed to X tons, rising by 30% compared with the previous year. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, aluminium bar imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Egypt (X tons), the United Arab Emirates (X tons) and Spain (X tons) were the main suppliers of aluminium bar imports to Morocco, with a combined 69% share of total imports. These countries were followed by Turkey, France, Tunisia, China, Qatar and Saudi Arabia, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +36.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constituted the largest supplier of aluminium bars, rods and profiles to Morocco, comprising 34% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by Turkey, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Egypt stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-5.7% per year) and Turkey (+35.2% per year).

Import Prices by Country

The average aluminium bar import price stood at $X per ton in 2021, increasing by 7.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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