Morocco: Drawing Board Market 2024

Drawing Board Market Size in Morocco

The Moroccan drawing board market surged to $X in 2022, growing by 20% 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). Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.7% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Drawing Board Exports

Exports from Morocco

Drawing board exports from Morocco contracted remarkably to X units in 2022, which is down by -65.3% against the previous year's figure. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 28,800% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, drawing board exports reduced dramatically to $X in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 22,600%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for drawing board exports from Morocco, accounting for a 72% share of total exports. Moreover, drawing board exports to France exceeded the volume sent to the second major destination, Mauritania (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to France totaled +32.5%.

In value terms, France ($X) emerged as the key foreign market for slates and boards with writing or drawing surfaces exports from Morocco, comprising 75% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France stood at +14.4%.

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, shrinking by -40.7% against the previous year. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2014 an increase of 468% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Mauritania totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+6.5%), while the prices for the other major destinations experienced a decline.

Drawing Board Imports

Imports into Morocco

In 2022, approx. X units of slates and boards with writing or drawing surfaces were imported into Morocco; surging by 7.7% compared with the year before. Overall, imports continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2017 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, drawing board imports skyrocketed to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Over the period under review, imports hit record highs at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X units) constituted the largest drawing board supplier to Morocco, with a 66% share of total imports. Moreover, drawing board imports from China exceeded the figures recorded by the second-largest supplier, France (X units), sixfold. The third position in this ranking was taken by Spain (X units), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.8% per year) and Spain (-2.0% per year).

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Morocco, comprising 58% of total imports. The second position in the ranking was taken by France ($X), with an 18% share of total imports. It was followed by Spain, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.0% per year) and Spain (+5.3% per year).

Import Prices by Country

In 2022, the average drawing board import price amounted to $X per unit, growing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 France ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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