Morocco: Nail And Bolt Market 2025

Nail And Bolt Market Size in Morocco

The Moroccan nail and bolt market surged to $X in 2021, picking up by 16% 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 buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Nail and bolt consumption peaked in 2021 and is likely to see steady growth in years to come.

Nail And Bolt Exports

Exports from Morocco

In 2021, approx. X tons of nails, tacks, staples, screws and bolts were exported from Morocco; with a decrease of -7.2% on the previous year. Overall, exports saw a slight curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 34%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, nail and bolt exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.8% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 49%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X tons), Mauritania (X tons) and Spain (X tons) were the main destinations of nail and bolt exports from Morocco, with a combined 68% share of total exports. These countries were followed by Senegal, Mali, Turkey, Gabon, Cote d'Ivoire, Niger, Benin and Congo, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Mali (with a CAGR of +144.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for nails, tacks, staples, screws and bolts exports from Morocco, comprising 80% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 2.5% share of total exports. It was followed by Senegal, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+4.8% per year) and Senegal (+27.3% per year).

Export Prices by Country

The average nail and bolt export price stood at $X per ton in 2021, surging by 25% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nail and bolt export price decreased by -7.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mauritania ($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 Gabon (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Morocco

In 2021, approx. X tons of nails, tacks, staples, screws and bolts were imported into Morocco; with an increase of 7.7% compared with the previous year. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.2% against 2015 indices. The pace of growth was the most pronounced in 2016 when imports increased by 27%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, nail and bolt imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 46% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nail and bolt to Morocco, with a 32% share of total imports. Moreover, nail and bolt imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.7% per year) and France (+8.4% per year).

In value terms, the largest nail and bolt suppliers to Morocco were France ($X), China ($X) and Spain ($X), together accounting for 61% of total imports. These countries were followed by Turkey, Italy, the United Arab Emirates and Portugal, which together accounted for a further 24%.

Among the main suppliers, Turkey, with a CAGR of +19.8%, recorded the highest growth rate of 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

The average nail and bolt import price stood at $X per ton in 2021, surging by 8.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2013 an increase of 15%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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 France ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :