Morocco: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Morocco

The Moroccan non-malleable cast iron articles market surged to $X in 2022, growing by 16% 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). In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.6% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Morocco

In 2022, the amount of articles of non-malleable cast iron exported from Morocco skyrocketed to X tons, rising by 32% compared with 2021 figures. Overall, exports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2014 when exports increased by 117% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports skyrocketed to $X in 2022. In general, exports recorded a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 113%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Cote d'Ivoire (X tons) and Germany (X tons) were the main destinations of non-malleable cast iron articles exports from Morocco, together accounting for 91% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +75.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for articles of non-malleable cast iron exports from Morocco, comprising 73% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 10% share of total exports. It was followed by Germany, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+21.7% per year) and Germany (+77.7% per year).

Export Prices by Country

In 2022, the average non-malleable cast iron articles export price amounted to $X per ton, increasing by 3.2% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 62% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Ghana (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Morocco

In 2022, after two years of decline, there was significant growth in overseas purchases of articles of non-malleable cast iron, when their volume increased by 6.2% to X tons. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 73%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +3.2% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 69%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of non-malleable cast iron articles to Morocco, accounting for a 88% share of total imports. Moreover, non-malleable cast iron articles imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +59.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.3% per year) and France (+6.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of articles of non-malleable cast iron to Morocco, comprising 86% of total imports. The second position in the ranking was held by France ($X), with a 5.2% share of total imports. It was followed by China, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +57.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.4% per year) and China (-21.9% per year).

Import Prices by Country

In 2022, the average non-malleable cast iron articles import price amounted to $X per ton, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and France ($X per ton), while the price for China ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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