Morocco: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in Morocco

After two years of decline, the Moroccan flat-rolled steel products market increased by 20% to $X in 2021. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Flat-Rolled Steel Products Exports

Exports from Morocco

In 2021, overseas shipments of flat-rolled products of iron or non-alloy steel increased by 1.7% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 58%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, flat-rolled steel products exports contracted modestly to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 85%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Algeria (X tons), Spain (X tons) and Senegal (X tons) were the main destinations of flat-rolled steel products exports from Morocco, together accounting for 72% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of -7.7%), while the other leaders experienced a decline.

In value terms, Algeria ($X), Spain ($X) and Mauritania ($X) constituted the largest markets for flat-rolled steel products exported from Morocco worldwide, with a combined 72% share of total exports.

Algeria, with a CAGR of -5.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average flat-rolled steel products export price amounted to $X per ton, reducing by -2.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 an increase of 17%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Senegal ($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 Mauritania (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.

Flat-Rolled Steel Products Imports

Imports into Morocco

In 2021, purchases abroad of flat-rolled products of iron or non-alloy steel increased by 6.8% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 27%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, flat-rolled steel products imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 36% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Japan (X tons) were the main suppliers of flat-rolled steel products imports to Morocco, with a combined 49% 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 Japan (with a CAGR of +68.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Japan ($X) constituted the largest flat-rolled steel products suppliers to Morocco, together comprising 49% of total imports.

Japan, with a CAGR of +68.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average flat-rolled steel products import price amounted to $X per ton, growing by 19% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per ton) and Spain ($X per ton), while the price for France ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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