Morocco: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Morocco

The Moroccan gouges and chisels market skyrocketed to $X in 2022, rising by 18% 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). In general, consumption enjoyed mild growth. Gouges and chisels consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Gouges And Chisels Exports

Exports from Morocco

In 2022, approx. X kg of planes, chisels and gouges for working wood were exported from Morocco; rising by 53% against the previous year's figure. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 9,940%. As a result, the exports reached the peak of X kg. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, gouges and chisels exports soared to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 4,949% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Mauritania (X kg) was the main destination for gouges and chisels exports from Morocco, with a 82% share of total exports. Moreover, gouges and chisels exports to Mauritania exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Mauritania totaled +87.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (0.0% per year) and France (+2.9% per year).

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for planes, chisels and gouges for working wood exports from Morocco, comprising 66% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+76.1% per year) and France (-1.5% per year).

Export Prices by Country

In 2022, the average gouges and chisels export price amounted to $X per ton, increasing by 202% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Mauritania ($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 Burkina Faso (+133.8%), while the prices for the other major destinations experienced more modest paces of growth.

Gouges And Chisels Imports

Imports into Morocco

In 2022, purchases abroad of planes, chisels and gouges for working wood increased by 41% to X tons, rising for the second year in a row after three years of decline. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +183.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 101%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, gouges and chisels imports amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 140% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest gouges and chisels supplier to Morocco, with a 75% share of total imports. Moreover, gouges and chisels imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by France (X kg), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.7% per year) and France (-10.0% per year).

In value terms, China ($X) constituted the largest supplier of planes, chisels and gouges for working wood to Morocco, comprising 61% of total imports. The second position in the ranking was taken by India ($X), with a 19% share of total imports. It was followed by France, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.1% per year) and France (-13.1% per year).

Import Prices by Country

The average gouges and chisels import price stood at $X per ton in 2022, shrinking by -28.1% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of 48% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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