Morocco: Market for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates 2024

Market Size for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Morocco

In 2021, after two years of decline, there was significant growth in the Moroccan market for gravel, pebbles and crushed stone for concrete and road aggregates, when its value increased by 15% to $X. In general, consumption, however, recorded a perceptible curtailment. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Morocco

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Exports from Morocco

In 2021, overseas shipments of gravel, pebbles and crushed stone for concrete and road aggregates decreased by -95.2% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 147% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates shrank remarkably to $X in 2021. Over the period under review, exports showed a significant decrease. The most prominent rate of growth was recorded in 2016 with an increase of 170% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Morocco, with a 78% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to Spain exceeded the volume sent to the second major destination, Mauritania (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at -41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-22.9% per year) and Germany (+133.5% per year).

In value terms, Spain ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Morocco, comprising 65% of total exports. The second position in the ranking was held by Mauritania ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain totaled -21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-20.6% per year) and Germany (+143.6% per year).

Export Prices by Country

In 2021, the average export price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, picking up by 1,402% against the previous year. Overall, the export price posted a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Spain (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Imports into Morocco

Imports of gravel, pebbles and crushed stone for concrete and road aggregates into Morocco surged to X tons in 2021, jumping by 101% against the previous year. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 216% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 145%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of imports of gravel, pebbles and crushed stone for concrete and road aggregates to Morocco, with a combined 72% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +292.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Turkey ($X) appeared to be the largest gravel, pebbles and crushed stone for concrete and road aggregates suppliers to Morocco, with a combined 69% share of total imports.

Italy, with a CAGR of +249.6%, recorded 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

The average import price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, picking up by 8.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Greece ($X per ton), while the price for Turkey ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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