Morocco: Wood Tool Market 2025

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

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