Morocco: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Morocco

The Moroccan market for plastics pipes and pipe fittings reduced notably to $X in 2022, with a decrease of -36.9% 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, however, continues to indicate a noticeable increase. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Exports of Plastics Pipes And Pipe Fittings

Exports from Morocco

In 2022, shipments abroad of plastics pipes and pipe fittings increased by 87% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 124%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, plastics pipe and pipe fitting exports declined notably to $X in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 106% against the previous year. The exports peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Mauritania (X tons), Benin (X tons) and Senegal (X tons) were the main destinations of plastics pipe and pipe fitting exports from Morocco, with a combined 81% share of total exports. Spain, Cote d'Ivoire and Gabon lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +139.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Mauritania ($X) and Benin ($X) were the largest markets for plastics pipe and pipe fitting exported from Morocco worldwide, with a combined 80% share of total exports. Senegal, Cote d'Ivoire and Gabon lagged somewhat behind, together accounting for a further 11%.

Cote d'Ivoire, with a CAGR of +126.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, falling by -59% against the previous year. Overall, the export price, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2017 an increase of 139%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then dropped notably in the following year.

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 Spain ($X per ton), while the average price for exports to Senegal ($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 Spain (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Morocco

In 2022, the amount of plastics pipes and pipe fittings imported into Morocco contracted dramatically to X tons, shrinking by -22% on the previous year. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, plastics pipe and pipe fitting imports contracted rapidly to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

Spain (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Morocco, with a combined 75% share of total imports. The United Arab Emirates, China, Egypt, India, Portugal and France lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +38.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to Morocco were Spain ($X), Italy ($X) and Turkey ($X), together accounting for 72% of total imports. France, the United Arab Emirates, Portugal, China, Egypt and India lagged somewhat behind, together accounting for a further 18%.

Among the main suppliers, India, with a CAGR of +42.8%, saw the highest rates of growth with regard to 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

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, surging by 8.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 an increase of 16%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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