Morocco: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Morocco

The Moroccan metal self-tapping screw market expanded significantly to $X in 2022, increasing by 9.5% 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, however, continues to indicate a resilient expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Metal Self-Tapping Screw Exports

Exports from Morocco

In 2022, overseas shipments of iron or steel self-tapping screws increased by 75% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 848% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, metal self-tapping screw exports surged to $X in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 762%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons) was the main destination for metal self-tapping screw exports from Morocco, accounting for a 69% share of total exports. Moreover, metal self-tapping screw exports to France exceeded the volume sent to the second major destination, Senegal (X tons), fivefold. The third position in this ranking was held by Mauritania (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+3.3% per year) and Mauritania (+82.4% per year).

In value terms, France ($X) emerged as the key foreign market for iron or steel self-tapping screws exports from Morocco, comprising 86% of total exports. The second position in the ranking was held by Mauritania ($X), with a 5.5% share of total exports. It was followed by Senegal, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+63.1% per year) and Senegal (+14.9% per year).

Export Prices by Country

In 2022, the average metal self-tapping screw export price amounted to $X per ton, rising by 25% against the previous year. In general, the export price enjoyed a measured expansion. The growth pace was the most rapid in 2021 when the average export price increased by 135%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the 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 France ($X per ton), while the average price for exports to Niger ($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 Switzerland (+97.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Tapping Screw Imports

Imports into Morocco

In 2022, approx. X tons of iron or steel self-tapping screws were imported into Morocco; approximately reflecting 2021 figures. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 73% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal self-tapping screw imports soared to $X in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 67% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest metal self-tapping screw supplier to Morocco, accounting for a 41% share of total imports. Moreover, metal self-tapping screw imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+59.2% per year) and Spain (+23.1% per year).

In value terms, Spain ($X), Taiwan (Chinese) ($X) and Germany ($X) constituted the largest metal self-tapping screw suppliers to Morocco, with a combined 58% share of total imports.

Taiwan (Chinese), with a CAGR of +57.4%, recorded the highest growth rate of the value of imports, among 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 2022, the average metal self-tapping screw import price amounted to $X per ton, rising by 17% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal self-tapping screw import price increased by +21.2% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 24% against the previous year. The import price peaked in 2022 and is likely to continue 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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