Morocco: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Morocco

The Moroccan market for floor, wall or ceiling coverings of plastics shrank to $X in 2022, reducing by -9.9% 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). The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X, and then fell in the following year.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Morocco

In 2022, exports of floor, wall or ceiling coverings of plastics from Morocco dropped notably to X square meters, reducing by -69.6% on the previous year. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 406%. Over the period under review, the exports of reached the peak figure at X square meters in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of floor, wall or ceiling coverings of plastics contracted markedly to $X in 2022. In general, exports recorded a deep downturn. The growth pace was the most rapid in 2015 when exports increased by 484% against the previous year. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Morocco, accounting for a 56% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Cote d'Ivoire exceeded the volume sent to the second major destination, Senegal (X square meters), twofold. Mauritania (X square meters) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire stood at +12,350.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (-9.3% per year) and Mauritania (-20.6% per year).

In value terms, the largest markets for plastic floor, wall and ceiling coverings exported from Morocco were Senegal ($X), Mauritania ($X) and Cote d'Ivoire ($X), together comprising 87% of total exports.

Cote d'Ivoire, with a CAGR of +2,772.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, reducing by -61.1% against the previous year. Overall, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 182%. As a result, the export price reached the peak level of $X per square meter. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($X per square meter), while the average price for exports to Cote d'Ivoire ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Morocco

After three years of growth, purchases abroad of floor, wall or ceiling coverings of plastics decreased by -12.2% to X square meters in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 22% against the previous year. Imports peaked at X square meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of floor, wall or ceiling coverings of plastics shrank to $X in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Belgium (X square meters), France (X square meters) and China (X square meters) were the main suppliers of imports of floor, wall or ceiling coverings of plastics to Morocco, together comprising 52% of total imports. Turkey, Spain, Germany, Hungary, Poland, Luxembourg, the Netherlands and the Czech Republic lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +34.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic floor, wall and ceiling coverings suppliers to Morocco were France ($X), Belgium ($X) and China ($X), together comprising 55% of total imports. Turkey, Germany, Hungary, Poland, Spain, Luxembourg, the Netherlands and the Czech Republic lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Poland, with a CAGR of +32.0%, saw 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

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, rising by 2.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per square meter), while the price for Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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