Morocco: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Morocco

The Moroccan metal office furniture market surged to $X in 2022, with an increase of 77% 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). Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +103.5% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Office Furniture Exports

Exports from Morocco

In 2022, shipments abroad of metal office furniture increased by 28% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 472% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal office furniture exports skyrocketed to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 325% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for metal office furniture exports from Morocco, accounting for a 69% share of total exports. Moreover, metal office furniture exports to France exceeded the volume sent to the second major destination, South Korea (X tons), fivefold. The third position in this ranking was held by Senegal (X tons), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +62.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and Senegal (+11.7% per year).

In value terms, France ($X) remains the key foreign market for metal office furniture exports from Morocco, comprising 74% of total exports. The second position in the ranking was held by Senegal ($X), with a 9.1% share of total exports. It was followed by Spain, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +51.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+25.1% per year) and Spain (+26.9% per year).

Export Prices by Country

The average metal office furniture export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 110%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guinea ($X per ton), while the average price for exports to South Korea ($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 Spain (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Morocco

In 2022, purchases abroad of metal office furniture increased by 48% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, metal office furniture imports surged to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +121.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Spain (X tons) and Turkey (X tons) were the main suppliers of metal office furniture imports to Morocco, with a combined 68% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +37.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal office furniture suppliers to Morocco were France ($X), Spain ($X) and Italy ($X), with a combined 69% share of total imports. Turkey, China, Portugal, the Netherlands and Belgium lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Turkey, with a CAGR of +33.3%, recorded the highest rates of growth with regard to 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

In 2022, the average metal office furniture import price amounted to $X per ton, increasing by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 36% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 Portugal ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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