Morocco: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Morocco

In 2021, the Moroccan market for plastic fittings for tubes, pipes and hoses increased by 22% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.1% against 2019 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Morocco

In 2021, the amount of plastic fittings for tubes, pipes and hoses exported from Morocco reached X tons, rising by 3.2% on the previous year. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 655% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses expanded rapidly to $X in 2021. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2018 when exports increased by 1,027%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Morocco, with a 63% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to Spain exceeded the volume sent to the second major destination, Senegal (X tons), ninefold. France (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +72.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+24.8% per year) and France (+42.1% per year).

In value terms, Spain ($X) remains the key foreign market for plastic fittings for tubes, pipes and hoses exports from Morocco, comprising 79% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 5.4% share of total exports. It was followed by France, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +95.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+198.9% per year) and France (+56.7% per year).

Export Prices by Country

In 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, growing by 9.8% against the previous year. In general, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 77% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Mauritania ($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 Germany (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Morocco

For the tenth consecutive year, Morocco recorded growth in purchases abroad of plastic fittings for tubes, pipes and hoses, which increased by 12% to X tons in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% 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 increased by +89.7% against 2012 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 26%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. In general, imports posted prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 32%. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Spain (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Morocco, with a combined 74% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +17.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Morocco, comprising 41% of total imports. The second position in the ranking was held by Italy ($X), with a 19% share of total imports. It was followed by Turkey, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.9% per year) and Turkey (+14.5% per year).

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, picking up by 8.1% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2013 when the average import price increased by 22%. The import price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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