Morocco: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Morocco

The Moroccan base metal flexible tubing market surged to $X in 2022, increasing by X% 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). Overall, consumption saw a strong increase. Base metal flexible tubing consumption peaked in 2022 and is likely to continue growth in years to come.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from Morocco

In 2022, approx. X tons of base metal flexible tubing, iron or steel were exported from Morocco; waning by X% against 2021 figures. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, base metal flexible tubing exports soared to $X in 2022. In general, exports, however, saw a pronounced increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mauritania (X kg) was the main destination for base metal flexible tubing exports from Morocco, with a X% share of total exports. Moreover, base metal flexible tubing exports to Mauritania exceeded the volume sent to the second major destination, Senegal (X kg), twofold. Benin (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Mauritania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and Benin (X% per year).

In value terms, the largest markets for base metal flexible tubing exported from Morocco were Senegal ($X), Benin ($X) and Mauritania ($X), with a combined X% share of total exports.

Benin, with a CAGR of X.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal flexible tubing export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Central African Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into Morocco

In 2022, the amount of base metal flexible tubing, iron or steel imported into Morocco rose markedly to X tons, increasing by X% on 2021 figures. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, base metal flexible tubing imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Egypt (X tons) were the main suppliers of base metal flexible tubing imports to Morocco, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of base metal flexible tubing, iron or steel to Morocco, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Spain (X% per year).

Import Prices by Country

The average base metal flexible tubing import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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