Morocco: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Morocco

In 2021, after six years of growth, there was significant decline in the Moroccan vulcanised cellular rubber articles market, when its value decreased by -16.8% to $X. Overall, consumption, however, showed a strong expansion. Vulcanised cellular rubber articles consumption peaked at $X in 2020, and then declined markedly in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Morocco

In value terms, vulcanised cellular rubber articles production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 40%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Morocco

In 2021, approx. X tons of vulcanised cellular rubber articles for technical uses were exported from Morocco; growing by 200% compared with 2020 figures. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised cellular rubber articles exports soared to $X in 2021. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 283% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X tons) was the main destination for vulcanised cellular rubber articles exports from Morocco, accounting for a 7% share of total exports. Moreover, vulcanised cellular rubber articles exports to France exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), fourfold. The third position in this ranking was taken by the Philippines (X kg), with a 0.6% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +82.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+70.9% per year) and the Philippines (+13.0% per year).

In value terms, France ($X) emerged as the key foreign market for vulcanised cellular rubber articles for technical uses exports from Morocco, comprising 15% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 1.2% share of total exports. It was followed by Germany, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +106.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+92.0% per year) and Germany (+55.5% per year).

Export Prices by Country

In 2021, the average vulcanised cellular rubber articles export price amounted to $X per ton, dropping by -39.7% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 51%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Tunisia (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Morocco

After three years of growth, purchases abroad of vulcanised cellular rubber articles for technical uses decreased by -66.2% to X tons in 2021. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 337% against the previous year. As a result, imports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, vulcanised cellular rubber articles imports declined significantly to $X in 2021. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 229%. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

France (X tons), China (X tons) and Romania (X tons) were the main suppliers of vulcanised cellular rubber articles imports to Morocco, with a combined 44% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +80.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) constituted the largest supplier of vulcanised cellular rubber articles for technical uses to Morocco, comprising 41% of total imports. The second position in the ranking was taken by France ($X), with an 8.4% share of total imports. It was followed by China, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Romania stood at +78.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+65.7% per year) and China (+36.8% per year).

Import Prices by Country

The average vulcanised cellular rubber articles import price stood at $X per ton in 2021, increasing by 95% against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Romania ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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