Morocco: Wire And Cable Market 2024

Wire And Cable Market Size in Morocco

The Moroccan wire and cable market reduced to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Wire And Cable Production in Morocco

In value terms, wire and cable production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Wire and cable production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Wire And Cable Exports

Exports from Morocco

In 2022, wire and cable exports from Morocco expanded notably to X tons, growing by X% against the year before. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, wire and cable exports totaled $X in 2022. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons), France (X tons) and the UK (X tons) were the main destinations of wire and cable exports from Morocco, with a combined X% share of total exports. Italy, Germany, Romania, Mali, Sweden, Portugal and Senegal lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wire and cable exported from Morocco were Spain ($X), France ($X) and the UK ($X), with a combined X% share of total exports. Italy, Germany, Romania, Sweden, Portugal, Mali and Senegal lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average wire and cable export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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

Wire And Cable Imports

Imports into Morocco

In 2022, overseas purchases of insulated wire and cable increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports showed a prominent increase. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, wire and cable imports skyrocketed to $X in 2022. Overall, imports saw a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main suppliers of wire and cable imports to Morocco, together comprising X% of total imports. Portugal, China, Turkey, Italy, the Czech Republic, Hungary, Austria, Japan, the United States and Slovakia lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), Spain ($X) and Germany ($X) constituted the largest wire and cable suppliers to Morocco, together comprising X% of total imports. Portugal, China, the United States, the Czech Republic, Hungary, Italy, Japan, Austria, Slovakia and Turkey lagged somewhat behind, together accounting for a further X%.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 wire and cable import price amounted to $X per ton, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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

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

Source: IndexBox Platform

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