
Morocco - Glass Fibre Mats - Market Analysis, Forecast, Size, Trends and Insights
Morocco: Glass Fibre Mat Market 2022
Glass Fibre Mat Market Size in Morocco
The Moroccan glass fibre mat market contracted to $X in 2021, dropping 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, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Glass fibre mat consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.
Glass Fibre Mat Exports
Exports from Morocco
In 2021, shipments abroad of glass fibre mats increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.
In value terms, glass fibre mat exports expanded sharply to $X in 2021. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
Mauritania (X tons) was the main destination for glass fibre mat exports from Morocco, with a X% share of total exports. Moreover, glass fibre mat exports to Mauritania exceeded the volume sent to the second major destination, Spain (X kg), fourfold. France (X kg) ranked third in terms of total exports with less than X% share.
From 2012 to 2021, the average annual growth rate of volume to Mauritania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and France (+X% per year).
In value terms, Mauritania ($X) remains the key foreign market for glass fibre mat exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Norway, with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Mauritania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Norway (+X% per year).
Export Prices by Country
The average glass fibre mat export price stood at $X per ton in 2021, which is down by -X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Norway ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (-X%), while the prices for the other major destinations experienced a decline.
Glass Fibre Mat Imports
Imports into Morocco
In 2021, approx. X tons of glass fibre mats were imported into Morocco; reducing by -X% against the year before. In general, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.
In value terms, glass fibre mat imports reduced to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, China (X tons) constituted the largest supplier of glass fibre mat to Morocco, accounting for a X% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fivefold.
From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and Belgium (+X% per year).
In value terms, China ($X) constituted the largest supplier of glass fibre mat to Morocco, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports.
From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and Belgium (+X% per year).
Import Prices by Country
The average glass fibre mat import price stood at $X per ton in 2021, growing by less than X% against the previous year. Overall, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+X%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the glass fibre mat 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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