Morocco: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2024

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Morocco

In 2021, the Moroccan market for tubes, pipes and hollow profiles (of iron or steel) decreased by -32.2% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, recorded a remarkable increase. Consumption of peaked at $X in 2020, and then declined dramatically in the following year.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Morocco

Exports of tubes, pipes and hollow profiles (of iron or steel) from Morocco surged to X tons in 2021, jumping by 68% on the previous year. Overall, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 174%. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) skyrocketed to $X in 2021. In general, exports, however, showed a noticeable curtailment. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for exports of tubes, pipes and hollow profiles (of iron or steel) from Morocco, accounting for a 65% share of total exports. Moreover, exports of tubes, pipes and hollow profiles (of iron or steel) to the UK exceeded the volume sent to the second major destination, Senegal (X tons), threefold. Egypt (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +160.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+26.7% per year) and Egypt (+102.5% per year).

In value terms, the largest markets for iron or steel pipe and tube exported from Morocco were Senegal ($X), the UK ($X) and Mauritania ($X), together accounting for 76% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +138.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, surging by 34% against the previous year. In general, the export price showed measured growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 98%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK ($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 Algeria (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Morocco

In 2021, after three years of growth, there was significant decline in supplies from abroad of tubes, pipes and hollow profiles (of iron or steel), when their volume decreased by -35.4% to X tons. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 94%. Over the period under review, imports of reached the maximum at X tons in 2020, and then shrank notably in the following year.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) declined markedly to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. Over the period under review, imports of attained the maximum at $X in 2020, and then shrank notably in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Spain (X tons) were the main suppliers of imports of tubes, pipes and hollow profiles (of iron or steel) to Morocco, together accounting for 61% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +67.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel pipe and tube suppliers to Morocco were Turkey ($X), China ($X) and Spain ($X), together accounting for 59% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +60.3%, 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

The average import price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, surging by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2016 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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