Morocco: Unwrought Zinc Alloys Market 2024

Unwrought Zinc Alloys Market Size in Morocco

The Moroccan unwrought zinc alloys market fell to $X in 2022, with a decrease of -5.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a perceptible increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Unwrought Zinc Alloys Exports

Exports from Morocco

Unwrought zinc alloys exports from Morocco declined markedly to X tons in 2022, shrinking by -26.5% against the year before. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 678%. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, unwrought zinc alloys exports amounted to $X in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 641% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Senegal (X tons) was the main destination for unwrought zinc alloys exports from Morocco, accounting for a 87% share of total exports. Moreover, unwrought zinc alloys exports to Senegal exceeded the volume sent to the second major destination, Poland (X tons), tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Senegal stood at +58.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and France (+74.9% per year).

In value terms, Senegal ($X) remains the key foreign market for unwrought zinc alloys exports from Morocco, comprising 81% of total exports. The second position in the ranking was held by Poland ($X), with an 11% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Senegal stood at +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and France (+31.5% per year).

Export Prices by Country

In 2022, the average unwrought zinc alloys export price amounted to $X per ton, with an increase of 36% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (-14.5%).

Unwrought Zinc Alloys Imports

Imports into Morocco

In 2022, the amount of unwrought zinc alloys imported into Morocco reduced markedly to X tons, declining by -20.9% on 2021. Overall, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 89% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, unwrought zinc alloys imports fell slightly to $X in 2022. Over the period under review, imports, however, showed measured growth. The growth pace was the most rapid in 2018 when imports increased by 91%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest unwrought zinc alloys supplier to Morocco, accounting for a 50% share of total imports. Moreover, unwrought zinc alloys imports from Belgium exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. France (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+21.2% per year) and France (+66.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of unwrought zinc alloys to Morocco, comprising 48% of total imports. The second position in the ranking was taken by Italy ($X), with a 23% share of total imports. It was followed by France, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.7% per year) and France (+70.3% per year).

Import Prices by Country

In 2022, the average unwrought zinc alloys import price amounted to $X per ton, increasing by 25% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought zinc alloys import price increased by +56.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 42%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per ton) and Italy ($X per ton), while the price for Finland ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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