Morocco: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Non-Coniferous) in Morocco

The Moroccan market for saw logs and veneer logs (non-coniferous) contracted to $X in 2022, which is down by -11.8% against the previous year. Over the period under review, consumption recorded a deep setback. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Saw Logs And Veneer Logs (Non-Coniferous) in Morocco

In value terms, production of saw logs and veneer logs (non-coniferous) fell dramatically to $X in 2022 estimated in export price. In general, production, however, continues to indicate resilient growth. The growth pace was the most rapid in 2014 with an increase of 1,747% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs (Non-Coniferous)

Exports from Morocco

Exports of saw logs and veneer logs (non-coniferous) from Morocco totaled X cubic meters in 2022, growing by 4.8% against 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 433% against the previous year. The exports peaked at X cubic meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) surged to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by 348% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X cubic meters) was the main destination for exports of saw logs and veneer logs (non-coniferous) from Morocco, with a 73% share of total exports. Moreover, exports of saw logs and veneer logs (non-coniferous) to France exceeded the volume sent to the second major destination, Russia (X cubic meters), fourfold.

From 2013 to 2022, the average annual growth rate of volume to France stood at +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (0.0% per year) and Spain (0.0% per year).

In value terms, France ($X), Russia ($X) and Spain ($X) constituted the largest markets for saw logs and veneer logs (non-coniferous) exported from Morocco worldwide.

Among the main countries of destination, France, with a CAGR of +0.1%, saw 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 export price for saw logs and veneer logs (non-coniferous) stood at $X per cubic meter in 2022, growing by 52% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. The growth pace was the most rapid in 2018 when the average export price increased by 192% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2019 to 2022, the average export prices failed to regain momentum.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+25.5%), while the prices for the other major destinations experienced a decline.

Imports of Saw Logs And Veneer Logs (Non-Coniferous)

Imports into Morocco

In 2022, the amount of saw logs and veneer logs (non-coniferous) imported into Morocco surged to X cubic meters, increasing by 71% against the previous year's figure. Overall, imports, however, faced a precipitous descent. Over the period under review, imports of hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of saw logs and veneer logs (non-coniferous) soared to $X in 2022. In general, imports, however, saw a precipitous setback. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X cubic meters) constituted the largest saw logs and veneer logs (non-coniferous) supplier to Morocco, accounting for a 85% share of total imports. Moreover, imports of saw logs and veneer logs (non-coniferous) from Belgium exceeded the figures recorded by the second-largest supplier, France (X cubic meters), tenfold. The third position in this ranking was taken by Cameroon (X cubic meters), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at +161.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-18.9% per year) and Cameroon (-6.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Morocco, comprising 77% of total imports. The second position in the ranking was held by Cameroon ($X), with a 10% share of total imports. It was followed by France, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at +116.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Cameroon (-8.5% per year) and France (-21.1% per year).

Import Prices by Country

In 2022, the average import price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, which is down by -12.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 42%. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cameroon ($X per cubic meter), while the price for France ($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 (+20.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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