Morocco: Corrugated Paper Box Market 2024

Corrugated Paper Box Market Size in Morocco

The Moroccan corrugated paper box market shrank to $X in 2022, approximately equating the previous year. In general, consumption recorded a perceptible shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Corrugated Paper Box Production in Morocco

In value terms, corrugated paper box production reached $X in 2022 estimated in export price. Overall, production, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2015 with an increase of 9.1%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Corrugated Paper Box Exports

Exports from Morocco

In 2022, shipments abroad of cartons, boxes and cases of corrugated paper or paperboard increased by 7.9% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 167%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, corrugated paper box exports rose modestly to $X in 2022. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 99%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Cameroon (X tons), Cote d'Ivoire (X tons) and Ghana (X tons) were the main destinations of corrugated paper box exports from Morocco, together comprising 84% 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 Cameroon (with a CAGR of +54.1%), while the other leaders experienced more modest paces of growth.

In value terms, Cameroon ($X), Cote d'Ivoire ($X) and Ghana ($X) were the largest markets for corrugated paper box exported from Morocco worldwide, with a combined 77% share of total exports. Mauritania, Guinea and Gabon lagged somewhat behind, together comprising a further 15%.

Guinea, with a CAGR of +56.5%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average corrugated paper box export price amounted to $X per ton, falling by -4.1% against the previous year. Over the period under review, the export price recorded a deep contraction. The growth pace was the most rapid in 2018 an increase of 6.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guinea ($X per ton), while the average price for exports to Cameroon ($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 Guinea (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Corrugated Paper Box Imports

Imports into Morocco

In 2022, the amount of cartons, boxes and cases of corrugated paper or paperboard imported into Morocco stood at X tons, approximately reflecting the year before. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 73%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, corrugated paper box imports rose sharply to $X in 2022. In general, imports posted a resilient increase. The growth pace was the most rapid in 2018 with an increase of 83% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of corrugated paper box to Morocco, with a 52% share of total imports. Moreover, corrugated paper box imports from Spain exceeded the figures recorded by the second-largest supplier, Egypt (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+16.3% per year) and Turkey (+17.9% per year).

In value terms, Spain ($X) constituted the largest supplier of cartons, boxes and cases of corrugated paper or paperboard to Morocco, comprising 47% of total imports. The second position in the ranking was held by Egypt ($X), with a 19% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+25.6% per year) and France (-0.6% per year).

Import Prices by Country

In 2022, the average corrugated paper box import price amounted to $X per ton, growing by 7.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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