Morocco: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Morocco

In 2020, the Moroccan market for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw moderate growth. The most prominent rate of growth was recorded in 2019 when the market value increased by X% against the previous year. Iron, steel or aluminium reservoir consumption peaked at $X in 2010; however, from 2011 to 2020, consumption stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Morocco

After two years of growth, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons in 2020. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at X tons in 2019, and then reduced sharply in the following year.

In value terms, iron, steel or aluminium reservoir exports contracted rapidly to $X in 2020. In general, exports, however, showed resilient growth. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2019, and then fell rapidly in the following year.

Exports by Country

Mauritania (X tons), France (X tons) and Cote d'Ivoire (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Morocco, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Cote d'Ivoire (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Mauritania ($X) and Mali ($X) constituted the largest markets for iron, steel or aluminium reservoir exported from Morocco worldwide, together accounting for X% of total exports. Cote d'Ivoire, Cameroon, Niger and Germany lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Germany saw the highest rates of growth with regard to 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, export price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron, steel or aluminium reservoir export price increased by +X% against 2016 indices. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mali, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Morocco

In 2020, supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a modest expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tons in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports dropped slightly to $X in 2020. In general, imports posted a slight increase. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Italy (X tons) and Portugal (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Morocco, together comprising X% of total imports. These countries were followed by Spain, Germany, Poland and China, which together accounted for a further X 2007 to 2020, the biggest increases were in Poland (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Portugal ($X) were the largest iron, steel or aluminium reservoir suppliers to Morocco, with a combined X% share of total imports. These countries were followed by Spain, Germany, China and Poland, which together accounted for a further X (+X% per year) saw 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 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Portugal ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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