Morocco: Folding Boxboard Market 2025

Folding Boxboard Market Size in Morocco

The Moroccan folding boxboard market rose sharply to $X in 2021, with an increase of 13% 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). Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +126.4% against 2012 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Folding Boxboard Exports

Exports from Morocco

In 2021, after eight years of decline, there was significant growth in shipments abroad of folding boxboard, when their volume increased by 125% to X tons. In general, exports, however, saw a sharp curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, folding boxboard exports surged to $X in 2021. Overall, exports, however, continue to indicate a dramatic downturn. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for folding boxboard exports from Morocco, accounting for a 42% share of total exports. Moreover, folding boxboard exports to Spain exceeded the volume sent to the second major destination, Mauritania (X tons), threefold. Senegal (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at -32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-19.6% per year) and Senegal (+0.7% per year).

In value terms, Mauritania ($X), Sudan ($X) and Spain ($X) were the largest markets for folding boxboard exported from Morocco worldwide, together accounting for 61% of total exports. These countries were followed by Senegal, Cameroon, Cote d'Ivoire and Egypt, which together accounted for a further 22%.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of +43.3%, 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

The average folding boxboard export price stood at $X per ton in 2021, reducing by -18.7% against the previous year. Over the period under review, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 74%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Spain ($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 (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Folding Boxboard Imports

Imports into Morocco

In 2021, approx. X tons of folding boxboard were imported into Morocco; picking up by 11% against the year before. Overall, imports recorded resilient growth. The growth pace was the most rapid in 2015 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, folding boxboard imports totaled $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.2% 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 +103.9% against 2012 indices. The pace of growth appeared the most rapid in 2018 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of folding boxboard to Morocco, accounting for a 26% share of total imports. Moreover, folding boxboard imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+30.4% per year) and Turkey (+31.5% per year).

In value terms, the largest folding boxboard suppliers to Morocco were the United States ($X), Turkey ($X) and Finland ($X), together comprising 44% of total imports. Spain, Italy, Germany, Sweden, France, Austria, Slovenia, Russia and Saudi Arabia lagged somewhat behind, together accounting for a further 22%.

Russia, with a CAGR of +50.3%, saw 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 more modest paces of growth.

Import Prices by Country

The average folding boxboard import price stood at $X per ton in 2021, increasing by 2.3% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The growth pace was the most rapid in 2013 when the average import price increased by 9.3% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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