Report Update Nov 1, 2024

Morocco - Tools of Wood - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Wood Tool Market 2024

Wood Tool Market Size in Morocco

In 2021, after four years of growth, there was significant decline in the Moroccan wood tool market, when its value decreased by -68% to $X. Over the period under review, consumption recorded a pronounced descent. Over the period under review, the market hit record highs at $X in 2020, and then dropped markedly in the following year.

Wood Tool Exports

Exports from Morocco

In 2021, approx. X tons of tools of wood were exported from Morocco; shrinking by -55.9% against the previous year. Overall, exports showed a slight descent. The pace of growth was the most pronounced in 2015 with an increase of 90% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood tool exports reduced to $X in 2021. In general, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by 72% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for wood tool exports from Morocco, accounting for a 95% share of total exports. Moreover, wood tool exports to France exceeded the volume sent to the second major destination, Spain (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+8.7% per year) and the United Arab Emirates (-44.8% per year).

In value terms, France ($X) remains the key foreign market for tools of wood exports from Morocco, comprising 98% of total exports. The second position in the ranking was taken by Spain ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France totaled +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+211.6% per year) and the United Arab Emirates (-46.0% per year).

Export Prices by Country

In 2021, the average wood tool export price amounted to $X per ton, increasing by 116% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue 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 France ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Tool Imports

Imports into Morocco

In 2021, overseas purchases of tools of wood decreased by -72.7% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of 157% against the previous year. Imports peaked at X tons in 2020, and then declined sharply in the following year.

In value terms, wood tool imports shrank dramatically to $X in 2021. Over the period under review, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2017 when imports increased by 88% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and Italy (X tons) were the main suppliers of wood tool imports to Morocco, together accounting for 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +74.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and China ($X) were the largest wood tool suppliers to Morocco, together accounting for 74% of total imports.

Turkey, with a CAGR of +62.8%, saw the highest growth rate of the value of imports, among the main suppliers 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 wood tool import price amounted to $X per ton, rising by 27% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average 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 Spain ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tools of wood in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 33% share of global consumption. These countries were followed by Italy, Russia, South Africa, Brazil, Japan, Indonesia, France, Mexico, Pakistan and Germany, which together accounted for a further 40%.

What are the largest producers of tools of wood in the world?

China remains the largest wood tool producing country worldwide, comprising approx. 29% of total volume. Moreover, wood tool production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 7.5% share.

What are the leading suppliers of tools of wood to Morocco?

In value terms, Turkey constituted the largest supplier of wood tool to Morocco, comprising 55% of total imports. The second position in the ranking was occupied by Italy, with a 24% share of total imports.

What are the leading importers of tools of wood from Morocco?

In value terms, Spain remains the key foreign market for wood tool exports from Morocco.

What is the average export price for tools of wood in Morocco?

The average wood tool export price stood at $6,583 per ton in 2021, falling by -51% against the previous year.

What is the average import price for tools of wood in Morocco?

The average wood tool import price stood at $1,097 per ton in 2021, rising by 2.5% against the previous year.

This report provides an in-depth analysis of the wood tool 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 16291130 - Tools, tool bodies and handles and broom or brush bodies and handles of wood, boot and shoe lasts and trees of wood

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