Morocco: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Morocco

In 2022, the Moroccan metal solid fuel appliances market increased by 7.6% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a resilient expansion. Metal solid fuel appliances consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Morocco

For the third consecutive year, Morocco recorded growth in overseas shipments of iron or steel solid fuel domestic appliances, which increased by 141% to X units in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,650%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, metal solid fuel appliances exports surged to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 3,317% against the previous year. 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 units) was the main destination for metal solid fuel appliances exports from Morocco, accounting for a 91% share of total exports. Moreover, metal solid fuel appliances exports to France exceeded the volume sent to the second major destination, Spain (X units), more than tenfold.

From 2015 to 2022, the average annual growth rate of volume to France totaled +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+20.1% per year) and Mauritania (-24.3% per year).

In value terms, France ($X) emerged as the key foreign market for iron or steel solid fuel domestic appliances exports from Morocco, comprising 96% of total exports. The second position in the ranking was taken by Spain ($X), with a 0.8% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of value to France amounted to +53.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+11.0% per year) and Mauritania (-19.9% per year).

Export Prices by Country

In 2022, the average metal solid fuel appliances export price amounted to $X per unit, jumping by 223% against the previous year. Overall, the export price continues to indicate pronounced growth. As a result, the export price attained 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 Mauritania ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+267.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Morocco

In 2022, metal solid fuel appliances imports into Morocco skyrocketed to X units, rising by 28% against the previous year's figure. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 168%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, metal solid fuel appliances imports totaled $X in 2022. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 100%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

France (X units), China (X units) and Turkey (X units) were the main suppliers of metal solid fuel appliances imports to Morocco, together comprising 58% of total imports. Spain, Italy, Germany, Poland, the Netherlands and Sweden lagged somewhat behind, together accounting for a further 38%.

From 2015 to 2022, the biggest increases were recorded for Poland (with a CAGR of +170.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal solid fuel appliances suppliers to Morocco were France ($X), Spain ($X) and China ($X), together comprising 62% of total imports. Poland, Turkey, Italy, Germany, the Netherlands and Sweden lagged somewhat behind, together accounting for a further 33%.

Poland, with a CAGR of +131.0%, saw 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

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, with a decrease of -15.8% against the previous year. In general, the import price faced a deep slump. The growth pace was the most rapid in 2020 when the average import price increased by 32% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-13.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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