Morocco: Market for Hot-Rolled Bars In Bearing Steels 2023

Market Size for Hot-Rolled Bars In Bearing Steels in Morocco

The Moroccan hot-rolled bearing steel bar market declined to $X in 2022, with a decrease of 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). Over the period under review, consumption, however, recorded a buoyant expansion. Hot-rolled bearing steel bar consumption peaked at $X in 2021, and then reduced in the following year.

Exports of Hot-Rolled Bars In Bearing Steels

Exports from Morocco

In 2022, exports of hot-rolled bars in bearing steels from Morocco shrank rapidly to X kg, waning by X% on the previous year. In general, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hot-rolled bearing steel bar exports reduced dramatically to $X in 2022. Over the period under review, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for hot-rolled bearing steel bar exports from Morocco, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France amounted to X%.

In value terms, France ($X) emerged as the key foreign market for hot-rolled bars in bearing steels exports from Morocco.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled X%.

Export Prices by Country

The average hot-rolled bearing steel bar export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Imports of Hot-Rolled Bars In Bearing Steels

Imports into Morocco

In 2022, the amount of hot-rolled bars in bearing steels imported into Morocco shrank significantly to X tons, with a decrease of X% on the year before. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar imports expanded modestly to $X in 2022. In general, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Turkey (X tons) and Belgium (X tons) were the main suppliers of hot-rolled bearing steel bar imports to Morocco, with a combined X% share of total imports. South Korea, Germany, France and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of hot-rolled bars in bearing steels to Morocco, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

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

Import Prices by Country

In 2022, the average hot-rolled bearing steel bar import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price continues to indicate a modest increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :