Morocco: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Morocco

In 2021, after three years of growth, there was significant decline in the Moroccan market for bottles, jars and other containers of glass, when its value decreased by -34.3% to $X. Overall, consumption, however, saw a buoyant expansion. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Morocco

In value terms, glass bottle, jar and container production declined rapidly to $X in 2021 estimated in export price. Overall, production, however, showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 221%. As a result, production reached the peak level of $X, and then fell notably in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Morocco

In 2021, approx. X units of bottles, jars and other containers of glass were exported from Morocco; picking up by 11% on 2020 figures. In general, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.3% against 2013 indices. The pace of growth appeared the most rapid in 2016 with an increase of 42% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, glass bottle, jar and container exports soared to $X in 2021. Overall, exports recorded prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by 51%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Algeria (X units) was the main destination for glass bottle, jar and container exports from Morocco, accounting for a 45% share of total exports. Moreover, glass bottle, jar and container exports to Algeria exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), threefold. The third position in this ranking was taken by Congo (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Algeria totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+83.6% per year) and Congo (+550.9% per year).

In value terms, Algeria ($X), Cote d'Ivoire ($X) and Congo ($X) were the largest markets for glass bottle, jar and container exported from Morocco worldwide, together comprising 74% of total exports.

Congo, with a CAGR of +374.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bottles, jars and other containers of glass stood at $X per unit in 2021, increasing by 31% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Morocco

In 2021, supplies from abroad of bottles, jars and other containers of glass decreased by -4.5% to X units for the first time since 2016, thus ending a four-year rising trend. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 20%. Imports peaked at X units in 2020, and then reduced in the following year.

In value terms, glass bottle, jar and container imports amounted to $X in 2021. In general, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X units), Egypt (X units) and Portugal (X units) were the main suppliers of glass bottle, jar and container imports to Morocco, together comprising 55% of total imports. Spain, Germany, Turkey, France, China and Bulgaria lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +21.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Egypt ($X) and Portugal ($X) were the largest glass bottle, jar and container suppliers to Morocco, with a combined 49% share of total imports. Spain, China, Turkey, Germany, France and Bulgaria lagged somewhat behind, together accounting for a further 44%.

Bulgaria, with a CAGR of +21.0%, 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 import price for bottles, jars and other containers of glass stood at $X per unit in 2021, rising by 7.5% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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