Morocco: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Morocco

The Moroccan non-alloy aluminium bar market surged to $X in 2021, picking up by 19% 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). Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -26.5% against 2019 indices. Non-alloy aluminium bar consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Non-Alloy Aluminium Bar Exports

Exports from Morocco

Non-alloy aluminium bar exports from Morocco soared to X tons in 2021, picking up by 77% on 2020. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 19,825% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, non-alloy aluminium bar exports soared to $X in 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 9,667%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United Arab Emirates (X tons), Spain (X tons) and Senegal (X kg) were the main destinations of non-alloy aluminium bar exports from Morocco, together comprising 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +713.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) emerged as the key foreign market for non-alloy aluminium bars, rods and profiles exports from Morocco, comprising 74% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +93.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+370.1% per year) and Senegal (-28.7% per year).

Export Prices by Country

The average non-alloy aluminium bar export price stood at $X per ton in 2021, dropping by -1.9% against the previous year. In general, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 261%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, 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 Senegal ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Alloy Aluminium Bar Imports

Imports into Morocco

Non-alloy aluminium bar imports into Morocco skyrocketed to X tons in 2021, picking up by 16% on the year before. Overall, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, non-alloy aluminium bar imports surged to $X in 2021. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 29% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Egypt (X tons) constituted the largest supplier of non-alloy aluminium bar to Morocco, accounting for a 53% share of total imports. Moreover, non-alloy aluminium bar imports from Egypt exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+21.3% per year) and Turkey (+33.9% per year).

In value terms, Egypt ($X) constituted the largest supplier of non-alloy aluminium bars, rods and profiles to Morocco, comprising 47% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 19% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Egypt amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+22.3% per year) and Turkey (+32.8% per year).

Import Prices by Country

In 2021, the average non-alloy aluminium bar import price amounted to $X per ton, with an increase of 5.9% against the previous year. Overall, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 10%. The import price peaked at $X per ton in 2013; however, from 2014 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 France (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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