Morocco: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Morocco

The Moroccan market for copper bars, wire and plates skyrocketed to $X in 2021, with an increase of 36% 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). Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Copper Bars, Wire And Plates

Exports from Morocco

In 2021, shipments abroad of copper bars, wire and plates decreased by -40.2% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2015 when exports increased by 193%. Over the period under review, the exports attained the maximum at X tons in 2020, and then declined rapidly in the following year.

In value terms, copper bars, wire and plates exports shrank to $X in 2021. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 137%. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Spain (X tons), Cote d'Ivoire (X tons) and Senegal (X tons) were the main destinations of copper bars, wire and plates exports from Morocco, with a combined 59% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +154.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Senegal ($X) and Cote d'Ivoire ($X) constituted the largest markets for copper bars, wire and plates exported from Morocco worldwide, with a combined 58% share of total exports.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of +120.8%, recorded the highest growth rate of 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

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, growing by 54% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates export price increased by +40.6% against 2018 indices. 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 export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mauritania ($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 France (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Morocco

In 2021, approx. X tons of copper bars, wire and plates were imported into Morocco; rising by 3.6% on the year before. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 17% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Belgium (X tons) and France (X tons) were the main suppliers of copper bars, wire and plates imports to Morocco, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +11.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest copper bars, wire and plates suppliers to Morocco were Spain ($X), Belgium ($X) and France ($X), with a combined 96% share of total imports.

Belgium, with a CAGR of +13.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, picking up by 43% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates import price increased by +31.8% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :