Morocco: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Morocco

In 2022, the Moroccan market for ready-mixed concrete and factory made mortars increased by X% to $X, rising for the second consecutive year after four years of decline. In general, consumption posted a strong expansion. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Morocco

In 2022, approx. X tons of ready-mixed concrete and factory made mortars were exported from Morocco; shrinking by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of ready-mixed concrete and factory made mortars reduced markedly to $X in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then declined significantly in the following year.

Exports by Country

Mauritania (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from Morocco, accounting for a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to Mauritania exceeded the volume sent to the second major destination, Benin (X tons), fourfold. The third position in this ranking was taken by Burkina Faso (X tons), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Mauritania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (X% per year) and Burkina Faso (X% per year).

In value terms, Mauritania ($X) emerged as the key foreign market for ready-mixed concrete and factory made mortars exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Benin ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Mauritania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2022, the average export price for ready-mixed concrete and factory made mortars amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a mild reduction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Morocco

In 2022, purchases abroad of ready-mixed concrete and factory made mortars increased by X% to X tons, rising for the second year in a row after four years of decline. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of ready-mixed concrete and factory made mortars soared to $X in 2022. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Spain (X tons), France (X tons) and Italy (X tons) were the main suppliers of imports of ready-mixed concrete and factory made mortars to Morocco, with a combined X% share of total imports. Germany and Portugal lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of ready-mixed concrete and factory made mortars to Morocco, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for ready-mixed concrete and factory made mortars amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ready-mixed concrete and factory made mortars increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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