Morocco: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Morocco

The Moroccan natural stone sett market was estimated at $X in 2022, picking up by 2.1% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.4% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Natural Stone Sett Production in Morocco

In value terms, natural stone sett production rose notably to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.7% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 44%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Natural Stone Sett Exports

Exports from Morocco

In 2022, shipments abroad of natural stone setts, kerbstones and flagstones decreased by -83.1% to X tons, falling for the sixth consecutive year after two years of growth. Over the period under review, exports showed a significant decline. The growth pace was the most rapid in 2015 with an increase of 5,711%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural stone sett exports dropped markedly to $X in 2022. Overall, exports showed a sharp reduction. The pace of growth was the most pronounced in 2015 with an increase of 4,924% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for natural stone sett exports from Morocco, accounting for a 98% share of total exports. It was followed by Belgium (X kg), with a 2.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled -15.4%.

In value terms, Spain ($X) emerged as the key foreign market for natural stone setts, kerbstones and flagstones exports from Morocco, comprising 97% of total exports. The second position in the ranking was taken by Belgium ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain stood at -14.4%.

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, picking up by 149% against the previous year. In general, the export price recorded notable growth. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Spain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Stone Sett Imports

Imports into Morocco

In 2022, the amount of natural stone setts, kerbstones and flagstones imported into Morocco reduced dramatically to X tons, falling by -29.2% on 2021 figures. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 964% against the previous year. Imports peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, natural stone sett imports declined dramatically to $X in 2022. In general, imports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 1,287%. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of natural stone sett to Morocco, with a 70% share of total imports. Moreover, natural stone sett imports from Portugal exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by China (X tons), with a 0.9% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal amounted to +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+33.3% per year) and China (-23.8% per year).

In value terms, Portugal ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Morocco, comprising 68% of total imports. The second position in the ranking was held by Spain ($X), with a 29% share of total imports. It was followed by China, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from Portugal stood at +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+36.7% per year) and China (-13.5% per year).

Import Prices by Country

In 2022, the average natural stone sett import price amounted to $X per ton, shrinking by -6.2% against the previous year. Overall, the import price showed a perceptible decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 54%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 China ($X per ton), while the price for Portugal ($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 (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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