Morocco: Market for Gravel and Crushed Stone 2024

Market Size for Gravel and Crushed Stone in Morocco

The Moroccan gravel and crushed stone market reduced dramatically to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Production of Gravel and Crushed Stone in Morocco

In value terms, gravel and crushed stone production shrank significantly to $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then fell sharply in the following year.

Exports of Gravel and Crushed Stone

Exports from Morocco

In 2022, shipments abroad of gravel and crushed stone decreased by X% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, exports saw a sharp curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, gravel and crushed stone exports shrank dramatically to $X in 2022. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X tons) was the main destination for gravel and crushed stone exports from Morocco, accounting for a X% share of total exports. Moreover, gravel and crushed stone exports to Mauritania exceeded the volume sent to the second major destination, Spain (X tons), ninefold.

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

In value terms, Mauritania ($X) remains the key foreign market for gravel and crushed stone exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Mauritania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the average gravel and crushed stone export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Mauritania ($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 Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Gravel and Crushed Stone

Imports into Morocco

In 2022, the amount of gravel and crushed stone imported into Morocco surged to X tons, increasing by X% against 2021. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, gravel and crushed stone imports declined slightly to $X in 2022. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

Greece (X tons), Spain (X tons) and Portugal (X tons) were the main suppliers of gravel and crushed stone imports to Morocco, with a combined X% share of total imports.

From 2012 to 2022, 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 ($X), Greece ($X) and Portugal ($X) appeared to be the largest gravel and crushed stone suppliers to Morocco, with a combined X% share of total imports.

In terms of the main suppliers, Greece, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average gravel and crushed stone import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Turkey ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :