Morocco: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Morocco

In 2021, the Moroccan ethylene polymer rigid pipes market decreased by -20.1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.5% against 2018 indices. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Morocco

In value terms, ethylene polymer rigid pipes production fell significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded prominent growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 113% against the previous year. As a result, production reached the peak level of $X, and then shrank remarkably in the following year.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Morocco

In 2021, the amount of rigid tubes, pipes and hoses of polymers of ethylene exported from Morocco soared to X tons, jumping by 139% against 2020 figures. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 754% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, ethylene polymer rigid pipes exports surged to $X in 2021. Overall, exports showed significant growth. The growth pace was the most rapid in 2013 with an increase of 665%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons), Gabon (X tons) and Senegal (X tons) were the main destinations of ethylene polymer rigid pipes exports from Morocco, together comprising 79% of total exports. These countries were followed by Togo, Benin, Mauritania and Cameroon, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +220.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Morocco, comprising 81% of total exports. The second position in the ranking was taken by Gabon ($X), with a 5% share of total exports. It was followed by Senegal, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +147.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (+25.9% per year) and Senegal (+87.1% per year).

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, jumping by 27% against the previous year. In general, the export price recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 296%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Gabon ($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 Spain (+50.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Morocco

Ethylene polymer rigid pipes imports into Morocco soared to X tons in 2021, jumping by 118% on the previous year's figure. In general, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ethylene polymer rigid pipes imports skyrocketed to $X in 2021. Overall, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Morocco, with a combined 94% 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 Norway (with a CAGR of +51.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Morocco, comprising 68% of total imports. The second position in the ranking was held by Spain ($X), with a 21% share of total imports. It was followed by Italy, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway totaled +50.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.4% per year) and Italy (+4.3% per year).

Import Prices by Country

The average ethylene polymer rigid pipes import price stood at $X per ton in 2021, with an increase of 90% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. As a result, import price attained 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 2021, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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