Morocco: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Morocco

The Moroccan metal-reinforced rubber hose market expanded notably to $X in 2022, surging by 8.5% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +62.6% against 2017 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Metal-Reinforced Rubber Hose Production in Morocco

In value terms, metal-reinforced rubber hose production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Over the period under review, production attained the peak level in 2022 and is likely to continue growth in years to come.

Metal-Reinforced Rubber Hose Exports

Exports from Morocco

For the third consecutive year, Morocco recorded growth in shipments abroad of rubber hose reinforced with metal, which increased by 65,306% to X tons in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal-reinforced rubber hose exports soared to $X in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of metal-reinforced rubber hose exports from Morocco, together accounting for 75% of total exports. Finland, Germany, Italy and Sweden lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +511,388.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal-reinforced rubber hose exported from Morocco were Brazil ($X), the United States ($X) and Germany ($X), together accounting for 57% of total exports.

Among the main countries of destination, Germany, with a CAGR of +409,089.8%, recorded the highest rates of growth with regard to 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 metal-reinforced rubber hose export price stood at $X per ton in 2022, dropping by -33.3% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 239% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the average price for exports to Sweden ($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 Italy (-11.4%).

Metal-Reinforced Rubber Hose Imports

Imports into Morocco

In 2022, supplies from abroad of rubber hose reinforced with metal decreased by -3.3% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.0% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, metal-reinforced rubber hose imports reduced modestly to $X in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.8% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

Italy (X tons), Spain (X tons) and Portugal (X tons) were the main suppliers of metal-reinforced rubber hose imports to Morocco, together accounting for 75% of total imports. China and Poland lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +13.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Portugal ($X) appeared to be the largest metal-reinforced rubber hose suppliers to Morocco, with a combined 77% share of total imports. Poland and China lagged somewhat behind, together comprising a further 18%.

Poland, with a CAGR of +16.9%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, picking up by 2.1% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 11%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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