Morocco: Market for Raw Steel And Steel Semi-Finished Products 2025

Market Size for Raw Steel And Steel Semi-Finished Products in Morocco

The Moroccan market for raw steel and steel semi-finished products soared to $X in 2021, with an increase of 41% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Raw Steel And Steel Semi-Finished Products in Morocco

In value terms, production of raw steel and steel semi-finished products stood at $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 96%. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Morocco

In 2021, approx. X tons of raw steel and steel semi-finished products were exported from Morocco; shrinking by -30.5% on 2020. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 45%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of raw steel and steel semi-finished products soared to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of raw steel and steel semi-finished products from Morocco, accounting for a 69% share of total exports. Moreover, exports of raw steel and steel semi-finished products to the United Arab Emirates exceeded the volume sent to the second major destination, France (X tons), threefold. Singapore (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-10.1% per year) and Singapore (0.0% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for raw steel and steel semi-finished products exports from Morocco, comprising 72% of total exports. The second position in the ranking was taken by Singapore ($X), with a 19% share of total exports. It was followed by France, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (0.0% per year) and France (-21.2% per year).

Export Prices by Country

In 2021, the average export price for raw steel and steel semi-finished products amounted to $X per ton, picking up by 95% against the previous year. Over the period under review, the export price posted a strong increase. 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 overseas markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to France ($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 Turkey (+35.1%).

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Morocco

In 2021, approx. X tons of raw steel and steel semi-finished products were imported into Morocco; increasing by 4% compared with the year before. In general, imports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2019 when imports increased by 88%. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of raw steel and steel semi-finished products soared to $X in 2021. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 increased by +115.9% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 59%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Portugal (X tons), Turkey (X tons) and Spain (X tons) were the main suppliers of imports of raw steel and steel semi-finished products to Morocco, together comprising 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +32.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Turkey ($X) and Spain ($X) were the largest raw steel and steel semi-finished products suppliers to Morocco, with a combined 75% share of total imports.

In terms of the main suppliers, Portugal, with a CAGR of +31.7%, recorded the highest growth rate of the value of imports, 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 raw steel and steel semi-finished products stood at $X per ton in 2021, rising by 47% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Cuba ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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