Morocco: Mineral Wool Market 2024

Mineral Wool Market Size in Morocco

The Moroccan mineral wool market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption enjoyed a moderate expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Mineral Wool Exports

Exports from Morocco

In 2021, exports of slag wool, rock wool and similar mineral wools and mixtures from Morocco soared to X tons, growing by 45% on the previous year. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 1,671%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, mineral wool exports soared to $X in 2021. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 326%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for mineral wool exports from Morocco, accounting for a 73% share of total exports. Moreover, mineral wool exports to the Netherlands exceeded the volume sent to the second major destination, Oman (X tons), sixfold. Cote d'Ivoire (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Cote d'Ivoire (-3.7% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for slag wool, rock wool and similar mineral wools and mixtures exports from Morocco, comprising 64% of total exports. The second position in the ranking was taken by Oman ($X), with a 13% share of total exports. It was followed by Cote d'Ivoire, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Cote d'Ivoire (+5.1% per year).

Export Prices by Country

In 2021, the average mineral wool export price amounted to $X per ton, growing by 82% against the previous year. Overall, the export price recorded measured growth. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, 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 Mauritania ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Guinea (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into Morocco

In 2021, approx. X tons of slag wool, rock wool and similar mineral wools and mixtures were imported into Morocco; picking up by 36% compared with the previous year's figure. In general, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.7% against 2017 indices. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, mineral wool imports skyrocketed to $X in 2021. Overall, imports saw a temperate increase. The most prominent rate of growth was recorded in 2017 when imports increased by 72% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of mineral wool to Morocco, accounting for a 68% share of total imports. Moreover, mineral wool imports from Spain exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fivefold. Egypt (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+4.3% per year) and Egypt (+19.5% per year).

In value terms, Spain ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to Morocco, comprising 57% of total imports. The second position in the ranking was taken by Portugal ($X), with a 10% share of total imports. It was followed by France, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+3.5% per year) and France (-0.4% per year).

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a mild downturn. The pace of growth appeared the most rapid in 2017 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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