Morocco: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Morocco

In 2021, the Moroccan rolled bitumen articles market increased by 87% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, recorded a abrupt descent. Rolled bitumen articles consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Rolled Bitumen Articles Exports

Exports from Morocco

In 2021, approx. X square meters of articles of bitumen in rolls were exported from Morocco; rising by 30% on the year before. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 314%. Over the period under review, the exports attained the maximum at X square meters in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, rolled bitumen articles exports skyrocketed to $X in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 200%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X square meters), Burkina Faso (X square meters) and Mauritania (X square meters) were the main destinations of rolled bitumen articles exports from Morocco, with a combined 69% share of total exports. Mali, Cote d'Ivoire, Cameroon, Benin and Portugal lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Mali (with a CAGR of +125.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rolled bitumen articles exported from Morocco were Senegal ($X), Burkina Faso ($X) and Mauritania ($X), with a combined 68% share of total exports. These countries were followed by Mali, Cote d'Ivoire, Cameroon, Benin and Portugal, which together accounted for a further 26%.

In terms of the main countries of destination, Benin, with a CAGR of +107.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rolled bitumen articles export price stood at $X per square meter in 2021, surging by 14% against the previous year. In general, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 36%. Over the period under review, the average export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Benin ($X per square meter), while the average price for exports to Portugal ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.

Rolled Bitumen Articles Imports

Imports into Morocco

After four years of decline, supplies from abroad of articles of bitumen in rolls increased by 65% to X square meters in 2021. Over the period under review, imports, however, continue to indicate a deep downturn. Over the period under review, imports hit record highs at X square meters in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, rolled bitumen articles imports soared to $X in 2021. Overall, imports, however, continue to indicate a pronounced descent. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X square meters) constituted the largest supplier of rolled bitumen articles to Morocco, accounting for a 56% share of total imports. Moreover, rolled bitumen articles imports from France exceeded the figures recorded by the second-largest supplier, Spain (X square meters), threefold. The third position in this ranking was held by Portugal (X square meters), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.7% per year) and Portugal (+13.0% per year).

In value terms, France ($X) constituted the largest supplier of articles of bitumen in rolls to Morocco, comprising 62% of total imports. The second position in the ranking was taken by Spain ($X), with an 18% share of total imports. It was followed by Portugal, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.7% per year) and Portugal (+13.6% per year).

Import Prices by Country

In 2021, the average rolled bitumen articles import price amounted to $X per square meter, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per square meter), while the price for Egypt ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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