Morocco: Carbides Market 2022

Carbides Market Size in Morocco

The Moroccan carbides market reduced slightly to $X in 2021, approximately equating 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 continues to indicate a abrupt shrinkage. Carbides consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Carbides Exports

Exports from Morocco

In 2021, approx. less than X kg of carbides were exported from Morocco; remaining constant against 2020 figures. In general, exports continue to indicate a dramatic contraction. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, carbides exports stood at less than $X in 2021. Over the period under review, exports recorded a dramatic setback. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cabo Verde (X kg) was the main destination for carbides exports from Morocco, with a approx. X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Cabo Verde was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to Cabo Verde was relatively modest.

Export Prices by Country

The average carbides export price stood at $X per ton in 2019, remaining relatively unchanged against the previous year. In general, the export price showed a deep reduction. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cabo Verde.

From 2012 to 2019, the rate of growth in terms of prices for Cabo Verde amounted to X% per year.

Carbides Imports

Imports into Morocco

In 2021, the amount of carbides imported into Morocco fell remarkably to X tons, dropping by -X% compared with 2020. Over the period under review, imports saw a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, carbides imports rose significantly to $X in 2021. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Spain (X tons) and Slovakia (X tons) were the main suppliers of carbides imports to Morocco, with a combined X% share of total imports. These countries were followed by Russia and Italy, which together accounted for a further X 2012 to 2021, the biggest increases were in Russia (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, the largest carbides suppliers to Morocco were Spain ($X), China ($X) and Slovakia ($X), together accounting for X% of total imports. These countries were followed by Russia and Italy, which together accounted for a further X terms of the main suppliers, Russia, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average carbides import price stood at $X per ton in 2021, picking up by X% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Russia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform