Morocco: Particle Board Market 2025

Particle Board Market Size in Morocco

In 2022, the Moroccan particle board market increased by 24% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed significant growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Particle Board Production in Morocco

In value terms, particle board production contracted dramatically to $X in 2022 estimated in export price. Overall, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 97%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Particle Board Exports

Exports from Morocco

Particle board exports from Morocco declined significantly to X cubic meters in 2022, waning by -53.5% on the year before. Over the period under review, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 1,955%. As a result, the exports attained the peak of X cubic meters. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, particle board exports declined remarkably to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 781% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X cubic meters) was the main destination for particle board exports from Morocco, accounting for a 70% share of total exports. Moreover, particle board exports to Belgium exceeded the volume sent to the second major destination, Senegal (X cubic meters), sixfold. France (X cubic meters) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at +119.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (-6.2% per year) and France (+4.1% per year).

In value terms, the largest markets for particle board exported from Morocco were Belgium ($X), France ($X) and Senegal ($X), together comprising 95% of total exports.

Belgium, with a CAGR of +290.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average particle board export price amounted to $X per cubic meter, which is down by -12.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 220% against the previous year. The export price peaked at $X per cubic meter in 2021, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Spain ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+78.0%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into Morocco

In 2022, the amount of particle board imported into Morocco stood at X cubic meters, growing by 9.4% on the year before. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 1,138% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, particle board imports soared to $X in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 781% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Spain (X cubic meters) constituted the largest particle board supplier to Morocco, accounting for a 60% share of total imports. Moreover, particle board imports from Spain exceeded the figures recorded by the second-largest supplier, Portugal (X cubic meters), threefold. The third position in this ranking was held by Turkey (X cubic meters), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +41.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+26.6% per year) and Turkey (+48.9% per year).

In value terms, Spain ($X) constituted the largest supplier of particle board to Morocco, comprising 56% of total imports. The second position in the ranking was held by Portugal ($X), with a 21% share of total imports. It was followed by Turkey, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +45.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+28.1% per year) and Turkey (+50.1% per year).

Import Prices by Country

The average particle board import price stood at $X per cubic meter in 2022, picking up by 19% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 36%. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Romania ($X per cubic meter) and Italy ($X per cubic meter), while the price for Spain ($X per cubic meter) and Bulgaria ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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