Report Update: Apr 1, 2024

Morocco - Copper Stranded Wire, Cables And Plaited Bands - Market Analysis, Forecast, Size, Trends And Insights

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Copper Stranded Wire Price in Morocco - 2022

Copper Stranded Wire Price in Morocco (FOB) - 2022

In December 2022, the average copper stranded wire export price amounted to $12,033 per ton, increasing by 2.9% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 when the average export price increased by 25% month-to-month. As a result, the export price reached the peak level of $14,734 per ton. From March 2022 to December 2022, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Benin ($18,536 per ton), while the average price for exports to France ($10,268 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+4.0%), while the prices for the other major destinations experienced a decline.

Copper Stranded Wire Price in Morocco (CIF) - 2022

The average copper stranded wire import price stood at $23,093 per ton in December 2022, growing by 27% against the previous month. Overall, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in August 2022 an increase of 124% month-to-month. The import price peaked at $26,279 per ton in February 2022; however, from March 2022 to December 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was France ($29,466 per ton), while the price for Spain ($10,102 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Copper Stranded Wire Exports in Morocco

In 2022, shipments abroad of copper stranded wire, cables and plaited bands decreased by -10.3% to 214 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of 239 tons, and then reduced in the following year.

In value terms, copper stranded wire exports shrank significantly to $2.2M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year. As a result, the exports attained the peak of $2.7M, and then dropped sharply in the following year.

Export of Copper Stranded Wire in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cote d'Ivoire	238	448	822	656	40.2%
France	203	226	367	293	13.0%
Benin	142	197	323	258	22.0%
Niger	52.3	87.6	285	227	63.1%
Senegal	215	95.9	230	184	-5.1%
Burkina Faso	263	212	156	167	-14.0%
Mali	110	85.6	171	137	7.6%
Guinea	70.5	45.3	76.7	61.3	-4.6%
Congo	62.5	39.3	76.1	60.8	-0.9%
Gabon	51.8	20.0	25.9	25.8	-20.7%
Others	170	261	202	156	-2.8%
Total	1,579	1,717	2,735	2,226	12.1%

Top Export Markets for Copper Stranded Wire from Morocco in 2022:

Cote d'Ivoire (65.8 tons)
France (30.0 tons)
Benin (24.7 tons)
Burkina Faso (20.8 tons)
Senegal (14.4 tons)
Mali (13.4 tons)
Niger (12.4 tons)
Congo (6.1 tons)
Guinea (5.9 tons)
Gabon (3.8 tons)

Copper Stranded Wire Imports in Morocco

Copper stranded wire imports into Morocco reduced remarkably to 607 tons in 2022, waning by -38.3% against 2021. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 440% against the previous year. As a result, imports reached the peak of 984 tons, and then dropped remarkably in the following year.

In value terms, copper stranded wire imports dropped rapidly to $6.9M in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 349%. As a result, imports reached the peak of $11M, and then fell rapidly in the following year.

Import of Copper Stranded Wire in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	1,694	877	5,218	2,895	19.6%
Tunisia	852	600	1,595	1,398	17.9%
Germany	684	299	2,169	1,159	19.2%
Spain	329	171	539	479	13.3%
Italy	20.4	173	750	401	169.9%
Turkey	193	54.6	679	363	23.4%
Others	301	356	414	251	-5.9%
Total	4,072	2,530	11,362	6,946	19.5%

Top Suppliers of Copper Stranded Wire to Morocco in 2022:

Tunisia (258.1 tons)
France (109.2 tons)
Germany (94.2 tons)
Spain (70.4 tons)
Turkey (33.1 tons)
Italy (27.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the copper stranded wire market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023