Morocco: Composite Paperboard Market 2024

Composite Paperboard Market Size in Morocco

In 2021, the Moroccan composite paperboard market increased by 21% to $X, rising for the second consecutive year after three years of decline. Overall, consumption recorded a significant expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Composite Paperboard Exports

Exports from Morocco

Composite paperboard exports from Morocco soared to X tons in 2021, growing by 35% compared with the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, composite paperboard exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons), Mauritania (X tons) and Spain (X kg) were the main destinations of composite paperboard exports from Morocco, with a combined 10% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of -8.9%), while shipments for the other leaders experienced a decline.

In value terms, Malaysia ($X) remains the key foreign market for composite paper and paperboard exports from Morocco, comprising 94% of total exports. The second position in the ranking was taken by Mauritania ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-53.7% per year) and Spain (-48.2% per year).

Export Prices by Country

In 2021, the average composite paperboard export price amounted to $X per ton, increasing by 13% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +10.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, composite paperboard export price increased by +148.2% against 2012 indices. The growth pace was the most rapid in 2013 an increase of 44%. The export price peaked in 2021 and is likely to continue growth in the near future.

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 Malaysia ($X per ton), while the average price for exports to Spain ($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 Malaysia (+247.5%), while the prices for the other major destinations experienced a decline.

Composite Paperboard Imports

Imports into Morocco

In 2021, overseas purchases of composite paper and paperboard increased by 11% to X tons, rising for the third consecutive year after two years of decline. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 112% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, composite paperboard imports surged to $X in 2021. Overall, imports saw resilient growth. The growth pace was the most rapid in 2013 when imports increased by 121% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest composite paperboard supplier to Morocco, accounting for a 48% share of total imports. Moreover, composite paperboard imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+61.1% per year) and Germany (+45.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of composite paper and paperboard to Morocco, comprising 22% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.1% share of total imports. It was followed by Spain, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+30.3% per year) and Spain (-12.8% per year).

Import Prices by Country

The average composite paperboard import price stood at $X per ton in 2021, jumping by 16% against the previous year. In general, the import price, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+25.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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