Morocco: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Morocco

The Moroccan rubber tube and pipe market reduced modestly to $X in 2021, shrinking by -4% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% 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 +26.9% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Morocco

In value terms, rubber tube and pipe production contracted slightly to $X in 2021 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 +31.2% against 2017 indices. The growth pace was the most rapid in 2015 when the production volume increased by 38% against the previous year. Rubber tube and pipe production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Morocco

Rubber tube and pipe exports from Morocco skyrocketed to X tons in 2021, surging by 270% compared with 2020 figures. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 794%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, rubber tube and pipe exports surged to $X in 2021. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for rubber tube and pipe exports from Morocco, accounting for a 90% share of total exports. Moreover, rubber tube and pipe exports to Spain exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +260.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+771.4% per year) and Brazil (0.0% per year).

In value terms, Spain ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Morocco, comprising 94% of total exports. The second position in the ranking was held by Poland ($X), with a 2.5% share of total exports. It was followed by Brazil, with a 0.8% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +264.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+628.4% per year) and Brazil (0.0% per year).

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2021, rising by 6.7% against the previous year. In general, the export price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 307%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 Spain ($X per ton), while the average price for exports to the Netherlands ($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 (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Morocco

In 2021, overseas purchases of tubes, pipes and hoses of vulcanized rubber increased by 7.3% to X tons, rising for the sixth year in a row after two years of decline. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 44%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, rubber tube and pipe imports rose remarkably to $X in 2021. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 42%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of rubber tube and pipe imports to Morocco, with a combined 59% share of total imports. These countries were followed by China, France, Portugal and Romania, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +34.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Turkey ($X) and Italy ($X) were the largest rubber tube and pipe suppliers to Morocco, together comprising 54% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +37.4%, recorded 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 rubber tube and pipe import price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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 Romania ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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