Morocco: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Morocco

In 2023, the Moroccan copper pipe and fitting market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, the total consumption indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Copper pipe and fitting consumption peaked at $X in 2022, and then declined in the following year.

Exports of Copper Tubes, Pipes And Fitting

Exports from Morocco

Copper pipe and fitting exports from Morocco surged to X tons in 2023, growing by X% compared with the previous year's figure. In general, exports, however, showed a abrupt downturn. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, copper pipe and fitting exports skyrocketed to $X in 2023. Over the period under review, exports saw a mild expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Benin (X tons), Cote d'Ivoire (X tons) and Mauritania (X tons) were the main destinations of copper pipe and fitting exports from Morocco.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), Cote d'Ivoire ($X) and France ($X) constituted the largest markets for copper pipe and fitting exported from Morocco worldwide, together comprising X% of total exports.

Benin, with a CAGR of X%, 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

In 2023, the average copper pipe and fitting export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into Morocco

Copper pipe and fitting imports into Morocco declined to X tons in 2023, dropping by X% compared with the year before. Overall, total imports indicated a perceptible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, copper pipe and fitting imports declined to $X in 2023. In general, total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

Spain (X tons), Italy (X tons) and China (X tons) were the main suppliers of copper pipe and fitting imports to Morocco, with a combined X% share of total imports. France, Turkey, Germany and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and China ($X) appeared to be the largest copper pipe and fitting suppliers to Morocco, together comprising X% of total imports. France, Turkey, Germany and Greece lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Greece, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average copper pipe and fitting import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2023 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Germany ($X per ton), while the price for China ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform