Morocco: Roundwood Market 2024

Roundwood Market Size in Morocco

The Moroccan roundwood market rose rapidly to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Roundwood Production in Morocco

In value terms, roundwood production soared to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Roundwood production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Roundwood Exports

Exports from Morocco

After two years of decline, overseas shipments of roundwood increased by X% to X cubic meters in 2022. In general, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, roundwood exports skyrocketed to $X in 2022. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Saudi Arabia (X cubic meters) was the main destination for roundwood exports from Morocco, accounting for a X% share of total exports. Moreover, roundwood exports to Saudi Arabia exceeded the volume sent to the second major destination, France (X cubic meters), threefold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

In value terms, Saudi Arabia ($X), France ($X) and the United States ($X) constituted the largest markets for roundwood exported from Morocco worldwide, together comprising X% of total exports.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average roundwood export price amounted to $X per cubic meter, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Saudi Arabia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Roundwood Imports

Imports into Morocco

In 2022, imports of roundwood into Morocco reduced to X cubic meters, remaining relatively unchanged against the year before. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, roundwood imports contracted modestly to $X in 2022. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X cubic meters) constituted the largest roundwood supplier to Morocco, with a X% share of total imports. Moreover, roundwood imports from Belgium exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), twofold. The third position in this ranking was held by Sweden (X cubic meters), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Sweden (X% per year).

In value terms, Belgium ($X), Poland ($X) and Sweden ($X) appeared to be the largest roundwood suppliers to Morocco, together accounting for X% of total imports.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average roundwood import price stood at $X per cubic meter in 2022, dropping by X% against the previous year. Over the period under review, import price indicated a notable expansion 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, roundwood import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per cubic meter in 2021, and then declined slightly in the following year.

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

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

Source: IndexBox Platform

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