Morocco: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Morocco

The Moroccan articles of fiber cement market shrank to $X in 2022, with a decrease of -5.8% against the previous year. In general, consumption faced a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Morocco

In value terms, articles of fiber cement production shrank to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by 54% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Morocco

In 2022, shipments abroad of articles of asbestos-cement, cellulose fiber-cement or the like increased by 128% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 7,819%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, articles of fiber cement exports soared to $X in 2022. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 2,654% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for articles of fiber cement exports from Morocco, with a 78% share of total exports. Moreover, articles of fiber cement exports to France exceeded the volume sent to the second major destination, Kenya (X tons), fourfold.

From 2015 to 2022, the average annual rate of growth in terms of volume to France stood at +42.8%.

In value terms, France ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Morocco, comprising 79% of total exports. The second position in the ranking was held by Kenya ($X), with an 18% share of total exports.

From 2015 to 2022, the average annual growth rate of value to France totaled +70.7%.

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, dropping by -48.5% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 181%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then contracted dramatically in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Kenya totaled $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+169.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Morocco

In 2022, overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like increased by 50% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 283%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, articles of fiber cement imports surged to $X in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 577% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Belgium (X tons), France (X tons) and Italy (X tons) were the main suppliers of articles of fiber cement imports to Morocco, with a combined 97% share of total imports.

From 2015 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +106.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Morocco, comprising 82% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by Germany, with a 2.4% share.

From 2015 to 2022, the average annual rate of growth in terms of value from Belgium stood at +86.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+98.1% per year) and Germany (-5.5% per year).

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, growing by 81% against the previous year. Over the period under review, import price indicated resilient growth from 2015 to 2022: its price increased at an average annual rate of +8.9% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, 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 Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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