Morocco: Sandstone Market 2024

Sandstone Market Size in Morocco

The Moroccan sandstone market expanded notably to $X in 2022, surging by 7.6% against the previous year. Over the period under review, consumption, however, showed a pronounced decline. Sandstone consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sandstone Production in Morocco

In value terms, sandstone production rose sharply to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 46% against the previous year. Sandstone production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sandstone Exports

Exports from Morocco

Sandstone exports from Morocco rose sharply to X tons in 2022, growing by 8.2% compared with 2021 figures. In general, exports saw slight growth. The most prominent rate of growth was recorded in 2013 when exports increased by 1,491%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sandstone exports soared to $X in 2022. Overall, exports showed strong growth. The growth pace was the most rapid in 2013 with an increase of 1,651%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for sandstone exports from Morocco, with a 67% share of total exports. Moreover, sandstone exports to China exceeded the volume sent to the second major destination, Spain (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-5.9% per year) and Canada (0.0% per year).

In value terms, China ($X) remains the key foreign market for sandstone exports from Morocco, comprising 67% of total exports. The second position in the ranking was held by Spain ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-1.2% per year) and Canada (0.0% per year).

Export Prices by Country

The average sandstone export price stood at $X per ton in 2022, picking up by 11% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sandstone export price decreased by -8.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 72%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Canada ($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 Saudi Arabia (+44.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sandstone Imports

Imports into Morocco

In 2022, approx. X tons of sandstone were imported into Morocco; declining by -14.4% on 2021. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sandstone imports reduced to $X in 2022. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest sandstone supplier to Morocco, accounting for a 50% share of total imports. It was followed by India (X kg), with a 0.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at -13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-48.8% per year) and Italy (-59.0% per year).

In value terms, Spain ($X) constituted the largest supplier of sandstone to Morocco, comprising 49% of total imports. The second position in the ranking was held by India ($X), with a 2.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-10.3% per year) and Italy (-53.2% per year).

Import Prices by Country

The average sandstone import price stood at $X per ton in 2022, with an increase of 4.8% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sandstone import price decreased by -6.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, 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 Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+75.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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