Morocco: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Morocco

The Moroccan market for rigid tubes, pipes and hoses, of other polymers fell dramatically to $X in 2022, dropping by -22.5% against the previous year. Over the period under review, consumption saw a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Morocco

In value terms, production of rigid tubes, pipes and hoses, of other polymers fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by 46% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Morocco

For the fifth consecutive year, Morocco recorded growth in overseas shipments of rigid tubes, pipes and hoses, of other polymers, which increased by 66% to X tons in 2022. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 91%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers surged to $X in 2022. Overall, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 76%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Senegal (X tons), Mauritania (X tons) and Spain (X tons) were the main destinations of exports of rigid tubes, pipes and hoses, of other polymers from Morocco, together comprising 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +101.7%), while the other leaders experienced mixed trend patterns.

In value terms, Mauritania ($X) remains the key foreign market for rigid tubes, pipes and hoses, of other polymers exports from Morocco, comprising 73% of total exports. The second position in the ranking was taken by Senegal ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Mauritania stood at +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+110.2% per year) and Spain (-10.8% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, reducing by -15.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 42%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the 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 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 Mauritania (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Morocco

In 2022, imports of rigid tubes, pipes and hoses, of other polymers into Morocco fell rapidly to X tons, with a decrease of -54.7% against the previous year's figure. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of 213% against the previous year. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers dropped rapidly to $X in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 314%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Egypt (X tons), the United Arab Emirates (X tons) and Spain (X tons) were the main suppliers of imports of rigid tubes, pipes and hoses, of other polymers to Morocco, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +53.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Spain ($X) and the United Arab Emirates ($X) appeared to be the largest rigid tubes, pipes and hoses, of other polymers suppliers to Morocco, with a combined 65% share of total imports.

The United Arab Emirates, with a CAGR of +36.1%, recorded the highest growth rate of the value of imports, among the main suppliers 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 rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, increasing by 54% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 rigid tubes, pipes and hoses, of other polymers increased by +62.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Portugal ($X per ton), while the price for India ($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 (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :