Morocco: Iron Angle Market 2024

Iron Angle Market Size in Morocco

The Moroccan iron angle market skyrocketed to $X in 2021, rising by 23% 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). The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Iron Angle Exports

Exports from Morocco

In 2021, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) decreased by -49.8% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a slight expansion. The growth pace was the most rapid in 2015 with an increase of 201% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, iron angle exports contracted significantly to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 195%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Mauritania (X tons) was the main destination for iron angle exports from Morocco, accounting for a 69% share of total exports. Moreover, iron angle exports to Mauritania exceeded the volume sent to the second major destination, Benin (X tons), sevenfold. Burkina Faso (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to Mauritania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+19.8% per year) and Burkina Faso (+1,048.3% per year).

In value terms, Mauritania ($X) remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Morocco, comprising 66% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with an 11% share of total exports. It was followed by Benin, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mauritania totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+1,081.2% per year) and Benin (+16.4% per year).

Export Prices by Country

The average iron angle export price stood at $X per ton in 2021, with an increase of 31% against the previous year. In general, the export price, however, recorded a noticeable decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Senegal ($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 Guinea (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Morocco

In 2021, iron angle imports into Morocco stood at X tons, approximately reflecting the year before. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 34% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, iron angle imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% 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

Turkey (X tons), Spain (X tons) and the United Arab Emirates (X tons) were the main suppliers of iron angle imports to Morocco, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +12.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest iron angle suppliers to Morocco were Turkey ($X), Spain ($X) and the United Arab Emirates ($X), with a combined 96% share of total imports.

The United Arab Emirates, with a CAGR of +11.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average iron angle import price stood at $X per ton in 2021, picking up by 40% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :