Morocco: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Morocco

In 2021, the Moroccan market for plastic hoses and hose fittings decreased by -36% to $X, falling for the second year in a row after three years of growth. Overall, consumption recorded a deep slump. Plastic hose and hose fitting consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Morocco

In 2021, approx. X tons of plastic hoses and hose fittings were exported from Morocco; picking up by 422% against the year before. In general, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. Over the period under review, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Senegal (X tons) was the main destination for plastic hose and hose fitting exports from Morocco, with a 43% share of total exports. Moreover, plastic hose and hose fitting exports to Senegal exceeded the volume sent to the second major destination, Spain (X tons), fourfold. Tunisia (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Senegal stood at +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+4.2% per year) and Tunisia (+40.9% per year).

In value terms, Spain ($X) remains the key foreign market for plastic hoses and hose fittings exports from Morocco, comprising 44% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 10% share of total exports. It was followed by Senegal, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+36.0% per year) and Senegal (+26.8% per year).

Export Prices by Country

In 2021, the average export price for plastic hoses and hose fittings amounted to $X per ton, reducing by -30.8% against the previous year. Over the period under review, the export price, however, recorded a modest increase. The growth pace was the most rapid in 2016 an increase of 75%. The export price peaked at $X per ton in 2020, and then shrank remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Senegal ($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 Egypt (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Morocco

In 2021, purchases abroad of plastic hoses and hose fittings decreased by -9.5% to X tons, falling for the second consecutive year after three years of growth. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 14%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, plastic hose and hose fitting imports contracted to $X in 2021. Over the period under review, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of plastic hose and hose fitting imports to Morocco, with a combined 59% share of total imports. These countries were followed by the United Arab Emirates, France, Jordan, Germany, Egypt, Portugal, China, Belgium, the Czech Republic and the United States, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Jordan (with a CAGR of +55.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting suppliers to Morocco were Spain ($X), Italy ($X) and Turkey ($X), together comprising 47% of total imports. These countries were followed by Germany, France, the Czech Republic, the United Arab Emirates, Portugal, China, Jordan, Belgium, Egypt and the United States, which together accounted for a further 44%.

Among the main suppliers, Jordan, with a CAGR of +46.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastic hoses and hose fittings stood at $X per ton in 2021, falling by -5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2013 when the average import price increased by 13%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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