Morocco: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Morocco

The Moroccan solid vulcanised rubber sheet market soared to $X in 2022, picking up by 36% 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). The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Morocco

In 2022, shipments abroad of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 143% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 6,281% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, solid vulcanised rubber sheet exports skyrocketed to $X in 2022. In general, exports recorded a notable increase. The growth pace was the most rapid in 2015 when exports increased by 4,304% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guinea (X tons) was the main destination for solid vulcanised rubber sheet exports from Morocco, with a 82% share of total exports. Moreover, solid vulcanised rubber sheet exports to Guinea exceeded the volume sent to the second major destination, Mauritania (X kg), sevenfold. Senegal (X kg) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guinea totaled +106.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+148.2% per year) and Senegal (-4.6% per year).

In value terms, Guinea ($X) emerged as the key foreign market for plates, sheets, strips for floor covering of solid vulcanised rubber exports from Morocco, comprising 88% of total exports. The second position in the ranking was held by Senegal ($X), with a 5.1% share of total exports. It was followed by Mauritania, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to Guinea amounted to +121.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (-1.7% per year) and Mauritania (+135.0% per year).

Export Prices by Country

The average solid vulcanised rubber sheet export price stood at $X per ton in 2022, picking up by 71% against the previous year. Over the period under review, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 162%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Spain ($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 Tunisia (+115.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Morocco

In 2022, imports of plates, sheets, strips for floor covering of solid vulcanised rubber into Morocco soared to X tons, increasing by 33% against 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, solid vulcanised rubber sheet imports skyrocketed to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +92.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 40%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), China (X tons) and Italy (X tons) were the main suppliers of solid vulcanised rubber sheet imports to Morocco, together accounting for 69% of total imports. Germany, Turkey, Egypt and the United Arab Emirates 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 the United Arab Emirates (with a CAGR of +318.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest solid vulcanised rubber sheet suppliers to Morocco were Spain ($X), Germany ($X) and China ($X), with a combined 55% share of total imports. Italy, Egypt, Turkey and the United Arab Emirates lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +352.8%, 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 solid vulcanised rubber sheet import price stood at $X per ton in 2022, rising by 2.8% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. The most prominent rate of growth was recorded in 2020 an increase of 16%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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