Morocco: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Morocco

The Moroccan cement prefabricated structural components market reduced to $X in 2021, dropping by -10.5% against the previous year. Overall, consumption, however, showed buoyant growth. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Morocco

In value terms, cement prefabricated structural components production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +107.8% against 2014 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 31%. Cement prefabricated structural components production peaked at $X in 2020, and then reduced in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Morocco

Cement prefabricated structural components exports from Morocco surged to X tons in 2021, with an increase of 1,011% compared with 2020. Overall, exports, however, faced a precipitous slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cement prefabricated structural components exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a precipitous shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Mauritania (X tons) was the main destination for cement prefabricated structural components exports from Morocco, with a 54% share of total exports. Moreover, cement prefabricated structural components exports to Mauritania exceeded the volume sent to the second major destination, Niger (X tons), fourfold. The third position in this ranking was taken by South Africa (X tons), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mauritania totaled +54.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (0.0% per year) and South Africa (+9.7% per year).

In value terms, France ($X), Mauritania ($X) and Niger ($X) constituted the largest markets for cement prefabricated structural components exported from Morocco worldwide, with a combined 81% share of total exports.

In terms of the main countries of destination, Mauritania, with a CAGR of +33.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cement prefabricated structural components export price stood at $X per ton in 2021, shrinking by -4.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 8% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Benin ($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 France (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Morocco

In 2021, overseas purchases of prefabricated structural components of cement, concrete or artificial stone increased by 99% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 517% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, cement prefabricated structural components imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 522%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Portugal (X tons), Greece (X tons) and France (X tons) were the main suppliers of cement prefabricated structural components imports to Morocco, with a combined 86% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +234.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Portugal ($X) and the Czech Republic ($X) constituted the largest cement prefabricated structural components suppliers to Morocco, with a combined 73% share of total imports.

Among the main suppliers, Greece, with a CAGR of +255.8%, 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

In 2021, the average cement prefabricated structural components import price amounted to $X per ton, declining by -9.4% against the previous year. Over the period under review, the import price saw a slight shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by 103%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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