Morocco: Market for Base Metal Automatic Door Closers 2024

Market Size for Base Metal Automatic Door Closers in Morocco

The Moroccan metal automatic door closer market skyrocketed to $X in 2021, jumping by 35% 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 +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Base Metal Automatic Door Closers

Exports from Morocco

For the third year in a row, Morocco recorded decline in shipments abroad of base metal automatic door closers, which decreased by -66.3% to X tons in 2021. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 142% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal automatic door closer exports plummeted to $X in 2021. Over the period under review, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 146%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Senegal (X kg) was the main destination for metal automatic door closer exports from Morocco, with a 13% share of total exports. Moreover, metal automatic door closer exports to Senegal exceeded the volume sent to the second major destination, Mali (X kg), twofold. Madagascar (X kg) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Senegal totaled -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (-2.1% per year) and Madagascar (+20.6% per year).

In value terms, Senegal ($X) emerged as the key foreign market for base metal automatic door closers exports from Morocco, comprising 19% of total exports. The second position in the ranking was held by Madagascar ($X), with a 5.5% share of total exports. It was followed by Mali, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value to Senegal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Madagascar (+18.6% per year) and Mali (-1.6% per year).

Export Prices by Country

The average metal automatic door closer export price stood at $X per ton in 2021, which is down by -11.8% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal automatic door closer export price increased by +67.7% against 2015 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while the average price for exports to Mali ($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 France (+42.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Automatic Door Closers

Imports into Morocco

In 2021, purchases abroad of base metal automatic door closers increased by 24% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, metal automatic door closer imports soared to $X in 2021. The total import value increased at an average annual rate of +4.3% 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

China (X tons), Spain (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of metal automatic door closer imports to Morocco, with a combined 66% share of total imports. France, Germany, Italy and Portugal lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +24.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal automatic door closer suppliers to Morocco were France ($X), Spain ($X) and Germany ($X), together accounting for 60% of total imports. China, Italy, Taiwan (Chinese) and Portugal lagged somewhat behind, together comprising a further 33%.

Portugal, with a CAGR of +24.9%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the average metal automatic door closer import price amounted to $X per ton, increasing by 13% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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