Morocco: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Morocco

The Moroccan cellulose fibrecement sheet market contracted to $X in 2022, leveling off at the previous year. Over the period under review, consumption, however, saw a pronounced reduction. Cellulose fibrecement sheet consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cellulose Fibrecement Sheet Production in Morocco

In value terms, cellulose fibrecement sheet production fell modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 63% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cellulose Fibrecement Sheet Exports

Exports from Morocco

In 2022, overseas shipments of sheets, panels and tiles of cellulose fibrecement increased by 49% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 7,506%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cellulose fibrecement sheet exports surged to $X in 2022. In general, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 6,857% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) and Kenya (X tons) were the main destinations of cellulose fibrecement sheet exports from Morocco.

From 2015 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +34.3%).

In value terms, France ($X) remains the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from Morocco, comprising 81% of total exports. The second position in the ranking was held by Kenya ($X), with a 19% share of total exports.

From 2015 to 2022, the average annual growth rate of value to France stood at +69.0%.

Export Prices by Country

The average cellulose fibrecement sheet export price stood at $X per ton in 2022, which is down by -22.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Kenya amounted to $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+25.9%).

Cellulose Fibrecement Sheet Imports

Imports into Morocco

In 2022, overseas purchases of sheets, panels and tiles of cellulose fibrecement increased by 34% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw a resilient increase. The growth pace was the most rapid in 2015 with an increase of 805% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cellulose fibrecement sheet imports surged to $X in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 1,356% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Belgium (X tons), France (X tons) and Italy (X tons) were the main suppliers of cellulose fibrecement sheet imports to Morocco, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +112.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) constituted the largest supplier of sheets, panels and tiles of cellulose fibrecement to Morocco, comprising 83% of total imports. The second position in the ranking was taken by France ($X), with a 15% share of total imports. It was followed by Italy, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +93.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+97.2% per year) and Italy (-17.3% per year).

Import Prices by Country

The average cellulose fibrecement sheet import price stood at $X per ton in 2022, jumping by 95% against the previous year. Overall, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 an increase of 121%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, 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 Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+61.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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