Morocco: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Morocco

The Moroccan bituminous mixtures market skyrocketed to $X in 2021, increasing by 43% 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Bituminous Mixtures Exports

Exports from Morocco

In 2021, approx. X tons of bituminous mixtures were exported from Morocco; with an increase of 20% against 2020 figures. In general, exports saw prominent growth. The growth pace was the most rapid in 2020 when exports increased by 291% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, bituminous mixtures exports surged to $X in 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 390%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons), Cameroon (X tons) and Mali (X tons) were the main destinations of bituminous mixtures exports from Morocco, together accounting for 62% of total exports. These countries were followed by Benin, Cote d'Ivoire, Mauritania, Senegal and Madagascar, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +630.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bituminous mixtures exported from Morocco were Burkina Faso ($X), Mali ($X) and Cameroon ($X), with a combined 67% share of total exports. These countries were followed by Benin, Senegal, Cote d'Ivoire, Mauritania and Madagascar, which together accounted for a further 25%.

Among the main countries of destination, Benin, with a CAGR of +742.7%, saw 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 bituminous mixtures export price stood at $X per ton in 2021, growing by 29% against the previous year. Over the period under review, the export price posted prominent growth. The growth pace was the most rapid in 2013 an increase of 68%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Mali ($X per ton), while the average price for exports to Mauritania ($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 Madagascar (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Bituminous Mixtures Imports

Imports into Morocco

Bituminous mixtures imports into Morocco soared to X tons in 2021, rising by 45% on the previous year. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 171%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, bituminous mixtures imports skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 105%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), Egypt (X tons) and Canada (X tons) were the main suppliers of bituminous mixtures imports to Morocco, together comprising 62% of total imports. France, the United States, the UK, the United Arab Emirates and Italy lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +57.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bituminous mixtures suppliers to Morocco were Canada ($X), France ($X) and the United States ($X), with a combined 62% share of total imports.

The United States, with a CAGR of +37.3%, recorded the highest rates of growth with regard to 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

The average bituminous mixtures import price stood at $X per ton in 2021, with a decrease of -7.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 71% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for the United Arab Emirates ($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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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