Morocco: Waferboard Market 2025

Waferboard Market Size in Morocco

The Moroccan waferboard market reduced to $X in 2021, which is down by -10% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.1% against 2019 indices. Waferboard consumption peaked at $X in 2020, and then declined in the following year.

Waferboard Production in Morocco

In value terms, waferboard production declined to $X in 2021 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +18.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Waferboard Exports

Exports from Morocco

In 2021, shipments abroad of waferboards was finally on the rise to reach X cubic meters for the first time since 2018, thus ending a two-year declining trend. In general, exports showed a strong increase. The growth pace was the most rapid in 2018 with an increase of 680%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, waferboard exports surged to $X in 2021. Over the period under review, exports showed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Senegal (X cubic meters), Spain (X cubic meters) and Tunisia (X cubic meters) were the main destinations of waferboard exports from Morocco, together comprising 88% of total exports. These countries were followed by Mauritania and Italy, which together accounted for a further 8.8%.

From 2012 to 2021, the biggest increases were recorded for Mauritania (with a CAGR of +16.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Mauritania ($X) and Spain ($X) appeared to be the largest markets for waferboard exported from Morocco worldwide, together comprising 93% of total exports. Tunisia and Italy lagged somewhat behind, together accounting for a further 5.2%.

In terms of the main countries of destination, Tunisia, with a CAGR of +203.4%, 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

In 2021, the average waferboard export price amounted to $X per cubic meter, growing by 33% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, waferboard export price increased by +52.7% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Waferboard Imports

Imports into Morocco

Waferboard imports into Morocco expanded remarkably to X cubic meters in 2021, increasing by 11% against the previous year's figure. Overall, total imports indicated a resilient increase from 2015 to 2021: its volume increased at an average annual rate of +11.1% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 35% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, waferboard imports surged to $X in 2021. Over the period under review, total imports indicated prominent growth from 2015 to 2021: its value increased at an average annual rate of +11.7% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X cubic meters), Turkey (X cubic meters) and Portugal (X cubic meters) were the main suppliers of waferboard imports to Morocco, with a combined 47% share of total imports. These countries were followed by Bulgaria, Italy and Romania, which together accounted for a further 7.1%.

From 2015 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +65.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest waferboard suppliers to Morocco were Spain ($X), Turkey ($X) and Portugal ($X), with a combined 49% share of total imports. Bulgaria, Italy and Romania lagged somewhat behind, together comprising a further 7.9%.

Bulgaria, with a CAGR of +69.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 waferboard import price amounted to $X per cubic meter, jumping by 17% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per cubic meter), while the price for Turkey ($X per cubic meter) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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