Morocco: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Morocco

The Moroccan cold-rolled steel products 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). In general, consumption posted a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cold-Rolled Steel Products Exports

Exports from Morocco

In 2022, the amount of flat-rolled products of iron or steel (not further worked than cold-rolled) exported from Morocco shrank to X tons, with a decrease of X% on the previous year's figure. In general, exports recorded a perceptible decline. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cold-rolled steel products exports rose significantly to $X in 2022. Over the period under review, exports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria (X tons) was the main destination for cold-rolled steel products exports from Morocco, accounting for a X% share of total exports. Moreover, cold-rolled steel products exports to Algeria exceeded the volume sent to the second major destination, Portugal (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Algeria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Spain (X% per year).

In value terms, Algeria ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than cold-rolled) exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Portugal ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Algeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the average cold-rolled steel products export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Senegal ($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 Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Morocco

In 2022, imports of flat-rolled products of iron or steel (not further worked than cold-rolled) into Morocco skyrocketed to X tons, with an increase of X% compared with 2021 figures. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cold-rolled steel products imports skyrocketed to $X in 2022. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of cold-rolled steel products to Morocco, with a X% share of total imports. Moreover, cold-rolled steel products imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by China (X tons), with a X% share.

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

In value terms, Spain ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to Morocco, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

The average cold-rolled steel products import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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