Morocco: Container Market 2024

Container Market Size in Morocco

In 2022, the Moroccan container market increased by 1.6% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.7% against 2020 indices. Container consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Container Production in Morocco

In value terms, container production shrank slightly to $X in 2022 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Container Exports

Exports from Morocco

In 2022, the amount of tanks, casks, drums, cans, boxes and similar containers exported from Morocco declined slightly to X units, which is down by -3.3% compared with the previous year. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, the exports attained the peak of X units, and then shrank modestly in the following year.

In value terms, container exports rose significantly to $X in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 56%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Senegal (X units), Spain (X units) and Ghana (X units) were the main destinations of container exports from Morocco, with a combined 60% share of total exports. Algeria, Guinea, Togo, Gabon, Cote d'Ivoire and Tunisia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +136.3%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) remains the key foreign market for tanks, casks, drums, cans, boxes and similar containers exports from Morocco, comprising 35% of total exports. The second position in the ranking was held by Spain ($X), with a 15% share of total exports. It was followed by Ghana, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Senegal totaled +65.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+8.7% per year) and Ghana (+21.6% per year).

Export Prices by Country

In 2022, the average container export price amounted to $X per unit, with an increase of 18% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports

Imports into Morocco

In 2022, approx. X units of tanks, casks, drums, cans, boxes and similar containers were imported into Morocco; picking up by 30% on the previous year's figure. Overall, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, container imports surged to $X in 2022. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 43%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of container to Morocco, with a 46% share of total imports. Moreover, container imports from Spain exceeded the figures recorded by the second-largest supplier, Denmark (X units), fourfold. The third position in this ranking was held by France (X units), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+30.2% per year) and France (+5.4% per year).

In value terms, Spain ($X) constituted the largest supplier of tanks, casks, drums, cans, boxes and similar containers to Morocco, comprising 48% of total imports. The second position in the ranking was taken by Denmark ($X), with a 13% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+29.1% per year) and Italy (+2.2% per year).

Import Prices by Country

The average container import price stood at $X per unit in 2022, rising by 9.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Italy ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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