Morocco: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Morocco

In 2021, the Moroccan market for drawn glass and blown glass increased by 1.8% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption continues to indicate a noticeable shrinkage. Drawn glass and blown glass consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Morocco

In 2021, overseas shipments of drawn glass and blown glass increased by 91% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 1,107% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports expanded slightly to $X in 2021. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 830%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mauritania (X square meters) was the main destination for drawn glass and blown glass exports from Morocco, accounting for a 73% share of total exports. Moreover, drawn glass and blown glass exports to Mauritania exceeded the volume sent to the second major destination, Senegal (X square meters), fourfold. Mali (X square meters) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mauritania totaled +63.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+54.8% per year) and Mali (+31.8% per year).

In value terms, Mauritania ($X) remains the key foreign market for drawn glass and blown glass exports from Morocco, comprising 72% of total exports. The second position in the ranking was held by Senegal ($X), with an 18% share of total exports. It was followed by Mali, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Mauritania stood at +73.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+31.2% per year) and Mali (+11.5% per year).

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, declining by -46.2% against the previous year. In general, the export price faced a abrupt decline. The growth pace was the most rapid in 2014 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs at $X per square meter in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per square meter), while the average price for exports to Qatar ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Drawn Glass And Blown Glass

Imports into Morocco

In 2021, purchases abroad of drawn glass and blown glass increased by 2.7% to X square meters, rising for the fourth year in a row after two years of decline. Over the period under review, imports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 472%. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2021. In general, imports, however, showed a deep reduction. The growth pace was the most rapid in 2019 with an increase of 347% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X square meters), Saudi Arabia (X square meters) and Russia (X square meters) were the main suppliers of drawn glass and blown glass imports to Morocco, together accounting for 96% of total imports. These countries were followed by India, which accounted for a further 2.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +47.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Saudi Arabia ($X) constituted the largest supplier of drawn glass and blown glass to Morocco, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 27% share of total imports. It was followed by India, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia totaled -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.9% per year) and India (+37.6% per year).

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, with an increase of 18% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2013 when the average import price increased by 76%. Over the period under review, average import prices attained the maximum at $X per square meter in 2015; however, from 2016 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 Saudi Arabia ($X per square meter), while the price for Russia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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