Morocco: Expanded Metal Market 2024

Expanded Metal Market Size in Morocco

The Moroccan expanded metal market contracted markedly to $X in 2022, shrinking by -30.7% 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). In general, consumption showed a deep setback. Expanded metal consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Expanded Metal Exports

Exports from Morocco

Expanded metal exports from Morocco surged to X tons in 2022, growing by 114% compared with the previous year. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 453% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, expanded metal exports skyrocketed to $X in 2022. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by 513%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for expanded metal exports from Morocco, accounting for a 78% share of total exports. Moreover, expanded metal exports to France exceeded the volume sent to the second major destination, Mauritania (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +152.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-23.9% per year) and Senegal (0.0% per year).

In value terms, France ($X) emerged as the key foreign market for iron or steel expanded metal exports from Morocco, comprising 72% of total exports. The second position in the ranking was held by Mauritania ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +172.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-19.6% per year) and Senegal (0.0% per year).

Export Prices by Country

The average expanded metal export price stood at $X per ton in 2022, picking up by 67% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 267% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Metal Imports

Imports into Morocco

After two years of growth, supplies from abroad of iron or steel expanded metal decreased by -37.4% to X tons in 2022. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of 83%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, expanded metal imports contracted remarkably to $X in 2022. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 54%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Tunisia (X tons), Spain (X tons) and France (X tons) were the main suppliers of expanded metal imports to Morocco, together accounting for 71% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Tunisia (with a CAGR of +100.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest expanded metal suppliers to Morocco were France ($X), Tunisia ($X) and Italy ($X), with a combined 73% share of total imports.

In terms of the main suppliers, Tunisia, with a CAGR of +93.3%, 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

The average expanded metal import price stood at $X per ton in 2022, with an increase of 20% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, expanded metal import price increased by +46.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 49%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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