Morocco: Paper Label Market 2024

Paper Label Market Size in Morocco

After two years of growth, the Moroccan paper label market decreased by -5.2% to $X in 2021. The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Paper Label Production in Morocco

In value terms, paper label production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 50%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Paper Label Exports

Exports from Morocco

For the third consecutive year, Morocco recorded decline in shipments abroad of labels of paper or paperboard, which decreased by -2.8% to X tons in 2021. Overall, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of 46%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, paper label exports contracted dramatically to $X in 2021. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Senegal (X tons) was the main destination for paper label exports from Morocco, with a 44% share of total exports. Moreover, paper label exports to Senegal exceeded the volume sent to the second major destination, Mauritania (X tons), twofold. Guinea (X tons) ranked third in terms of total exports with a 20% share.

From 2012 to 2021, the average annual growth rate of volume to Senegal stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+6.4% per year) and Guinea (+130.3% per year).

In value terms, Senegal ($X) emerged as the key foreign market for labels of paper or paperboard exports from Morocco, comprising 41% of total exports. The second position in the ranking was held by Guinea ($X), with a 16% share of total exports. It was followed by Mauritania, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Senegal amounted to -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (+125.1% per year) and Mauritania (+6.6% per year).

Export Prices by Country

In 2021, the average paper label export price amounted to $X per ton, shrinking by -44.1% against the previous year. Overall, the export price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2020 an increase of 67% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Mauritania ($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 Cameroon (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Label Imports

Imports into Morocco

In 2021, after two years of decline, there was growth in purchases abroad of labels of paper or paperboard, when their volume increased by 0.5% to X tons. Over the period under review, imports, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2017 when imports increased by 7.7% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, paper label imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest paper label supplier to Morocco, with a 39% share of total imports. Moreover, paper label imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-10.1% per year) and Germany (+2.9% per year).

In value terms, Spain ($X) constituted the largest supplier of labels of paper or paperboard to Morocco, comprising 40% of total imports. The second position in the ranking was taken by France ($X), with a 17% share of total imports. It was followed by Germany, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.2% per year) and Germany (+3.0% per year).

Import Prices by Country

The average paper label import price stood at $X per ton in 2021, growing by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :