Morocco: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Morocco

The Moroccan market for tiles, flagstones and similar articles of cement, concrete or artificial stone reduced to $X in 2021, falling by -10.9% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +14.0% against 2019 indices. Consumption of peaked at $X in 2020, and then shrank in the following year.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Morocco

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone declined to $X in 2021 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +14.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 72% against the previous year. Production of peaked at $X in 2020, and then contracted in the following year.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Morocco

In 2021, overseas shipments of tiles, flagstones and similar articles of cement, concrete or artificial stone increased by 11% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 143%. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main destinations of exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Morocco, with a combined 71% share of total exports. The United States, Belgium, Portugal, Sweden, Denmark, Mauritania, Canada and Italy lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +116.3%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from Morocco, comprising 47% of total exports. The second position in the ranking was taken by France ($X), with a 22% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+27.0% per year) and the United States (+44.9% per year).

Export Prices by Country

In 2021, the average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, surging by 5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 an increase of 48% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Mauritania ($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 the United States (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Morocco

In 2021, overseas purchases of tiles, flagstones and similar articles of cement, concrete or artificial stone increased by 4.6% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted strong growth. The pace of growth was the most pronounced in 2016 when imports increased by 114%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021. In general, imports posted a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 119% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Spain (X tons), China (X tons) and Portugal (X tons) were the main suppliers of imports of tiles, flagstones and similar articles of cement, concrete or artificial stone to Morocco, together accounting for 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +47.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tiles, flagstones and similar articles of cement, concrete or artificial stone suppliers to Morocco were Portugal ($X), Spain ($X) and China ($X), with a combined 81% share of total imports.

Among the main suppliers, Portugal, with a CAGR of +78.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, with an increase of 27% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for tiles, flagstones and similar articles of cement, concrete or artificial stone increased by +79.6% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 31% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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