Morocco: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Morocco

The Moroccan non-reinforced rubber tubing market contracted notably to $X in 2021, waning by -42.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a modest expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Non-Reinforced Rubber Tubing Exports

Exports from Morocco

For the third consecutive year, Morocco recorded growth in shipments abroad of rubber tubing not reinforced, which increased by 2.2% to X tons in 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 544% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, non-reinforced rubber tubing exports surged to $X in 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of 235% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Mauritania (X tons) and Cote d'Ivoire (X kg) were the main destinations of non-reinforced rubber tubing exports from Morocco, with a combined 89% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +17,627.3%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the key foreign market for rubber tubing not reinforced exports from Morocco, comprising 45% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 20% share of total exports. It was followed by Spain, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland totaled +18,738.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+51.9% per year) and Spain (+80.9% per year).

Export Prices by Country

In 2021, the average non-reinforced rubber tubing export price amounted to $X per ton, increasing by 21% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 108%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average 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 ($X per ton), while the average price for exports to Mauritania ($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 (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports into Morocco

In 2021, approx. X tons of rubber tubing not reinforced were imported into Morocco; waning by -27.9% compared with 2020. Over the period under review, imports, however, saw modest growth. The pace of growth appeared the most rapid in 2017 when imports increased by 64% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, non-reinforced rubber tubing imports contracted dramatically to $X in 2021. In general, imports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2018 with an increase of 106% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Egypt (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of non-reinforced rubber tubing imports to Morocco, with a combined 63% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +213.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Turkey ($X) and Romania ($X) were the largest non-reinforced rubber tubing suppliers to Morocco, together accounting for 54% of total imports. These countries were followed by Egypt, Spain, Italy, China and Tunisia, which together accounted for a further 33%.

Egypt, with a CAGR of +143.8%, saw the highest rates of growth with regard to 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 2021, the average non-reinforced rubber tubing import price amounted to $X per ton, which is down by -23.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2020, and then dropped remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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