Morocco: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Morocco

The Moroccan market for articles of cellulose fibre-cement, not containing asbestos amounted to $X in 2022, almost unchanged from the previous year. Overall, consumption recorded significant growth. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Morocco

In value terms, production of articles of cellulose fibre-cement, not containing asbestos reduced modestly to $X in 2022 estimated in export price. In general, production saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 72%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Morocco

For the third year in a row, Morocco recorded decline in shipments abroad of articles of cellulose fibre-cement, not containing asbestos, which decreased by -9.6% to X kg in 2022. Over the period under review, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2017 with an increase of 340%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos contracted to $X in 2022. In general, exports faced a precipitous setback. The growth pace was the most rapid in 2017 with an increase of 173%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X kg) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Morocco, accounting for a 66% share of total exports. Moreover, exports of articles of cellulose fibre-cement, not containing asbestos to Qatar exceeded the volume sent to the second major destination, Mauritania (X kg), threefold. The third position in this ranking was held by the United Arab Emirates (X kg), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar stood at -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-32.6% per year) and the United Arab Emirates (-35.0% per year).

In value terms, the largest markets for articles of cellulose fibre-cement, not containing asbestos exported from Morocco were Qatar ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising 86% of total exports.

Among the main countries of destination, Qatar, with a CAGR of +33.8%, 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 a decline.

Export Prices by Country

The average export price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, increasing by 3.1% against the previous year. Overall, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2014 an increase of 699% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Mauritania ($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 France (+63.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Morocco

Imports of articles of cellulose fibre-cement, not containing asbestos into Morocco surged to X tons in 2022, increasing by 4,488% against the year before. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos soared to $X in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 4,312% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Morocco, accounting for a 77% share of total imports. Moreover, imports of articles of cellulose fibre-cement, not containing asbestos from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2015 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +36.8%.

In value terms, the largest articles of cellulose fibre-cement, not containing asbestos suppliers to Morocco were Belgium ($X) and Germany ($X).

Among the main suppliers, Germany, with a CAGR of +168.4%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average import price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, reducing by -52.3% against the previous year. Over the period under review, the import price saw a deep reduction. The growth pace was the most rapid in 2016 an increase of 92%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium totaled $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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