Report Update Nov 1, 2024

Morocco - Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Stranded Wire Market 2024

Stranded Wire Market Size in Morocco

After three years of decline, the Moroccan stranded wire market increased by 69% to $X in 2021. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Stranded wire consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Stranded Wire Exports

Exports from Morocco

Stranded wire exports from Morocco dropped modestly to X tons in 2021, with a decrease of -3.1% on the previous year. Over the period under review, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2020 with an increase of 85% against the previous year. As a result, the exports attained the peak of X tons, and then shrank slightly in the following year.

In value terms, stranded wire exports soared to $X in 2021. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 75%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Senegal (X tons) was the main destination for stranded wire exports from Morocco, with a 40% share of total exports. Moreover, stranded wire exports to Senegal exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), twofold. Niger (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 Senegal stood at +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+11.8% per year) and Niger (+1.4% per year).

In value terms, Senegal ($X), Cote d'Ivoire ($X) and Mali ($X) appeared to be the largest markets for stranded wire exported from Morocco worldwide, together comprising 67% of total exports.

Mali, with a CAGR of +79.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average stranded wire export price amounted to $X per ton, picking up by 23% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 27%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Senegal ($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 Senegal (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Morocco

In 2021, imports of stranded wire, ropes and cables into Morocco surged to X tons, growing by 34% compared with the previous year. Overall, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, stranded wire imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest stranded wire supplier to Morocco, with a 35% share of total imports. Moreover, stranded wire imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Tunisia (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.9% per year) and Tunisia (+151.2% per year).

In value terms, Spain ($X), China ($X) and Tunisia ($X) were the largest stranded wire suppliers to Morocco, with a combined 52% share of total imports.

Tunisia, with a CAGR of +160.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stranded wire import price stood at $X per ton in 2021, increasing by 26% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, 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 France ($X per ton), while the price for the United Arab Emirates ($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 (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for stranded wire, ropes and cables in the world?

The countries with the highest volumes of stranded wire consumption in 2020 were China, India and the United States, together accounting for 46% of global consumption.

What are the largest producers of stranded wire, ropes and cables in the world?

The country with the largest volume of stranded wire production was China, accounting for 33% of total volume. Moreover, stranded wire production in China exceeded the figures recorded by the second-largest producer, India, twofold. Japan ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of stranded wire, ropes and cables to Morocco?

In value terms, the largest stranded wire suppliers to Morocco were Spain, China and Tunisia, together comprising 65% of total imports.

What are the leading importers of stranded wire, ropes and cables from Morocco?

In value terms, Cote d'Ivoire, Senegal and Niger were the largest markets for stranded wire exported from Morocco worldwide, with a combined 72% share of total exports.

What is the average export price for stranded wire, ropes and cables in Morocco?

In 2020, the average stranded wire export price amounted to $3,494 per ton, reducing by -6.8% against the previous year.

What is the average import price for stranded wire, ropes and cables in Morocco?

In 2020, the average stranded wire import price amounted to $1,905 per ton, reducing by -6.4% against the previous year.

This report provides an in-depth analysis of the stranded wire market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023