Morocco: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in Morocco

In 2023, the Moroccan iron or steel towers market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption showed resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron Or Steel Towers And Lattice Masts in Morocco

In value terms, iron or steel towers production reached $X in 2023 estimated in export price. In general, production posted a notable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Iron or steel towers production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

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Exports of Iron Or Steel Towers And Lattice Masts

Exports from Morocco

In 2023, exports of iron or steel towers and lattice masts from Morocco fell markedly to X tons, with a decrease of X% on the year before. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, iron or steel towers exports reduced sharply to $X in 2023. Over the period under review, exports, however, recorded measured growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Guinea (X tons), Benin (X tons) and Senegal (X tons) were the main destinations of iron or steel towers exports from Morocco, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel towers exported from Morocco were Benin ($X), Guinea ($X) and Senegal ($X), with a combined X% share of total exports.

Benin, with a CAGR of X%, saw the highest growth rate of 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 iron or steel towers export price stood at $X per ton in 2023, growing by X% against the previous year. In general, the export price, however, recorded a mild reduction. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Mali ($X per ton) and Benin ($X per ton), while the average price for exports to Guinea ($X per ton) and Togo ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mali (X%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Towers And Lattice Masts

Imports into Morocco

In 2023, imports of iron or steel towers and lattice masts into Morocco surged to X tons, picking up by X% on the year before. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel towers imports skyrocketed to $X in 2023. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of iron or steel towers to Morocco, accounting for a X% share of total imports. Moreover, iron or steel towers imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel towers and lattice masts to Morocco, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2023, 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: Spain (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the average iron or steel towers import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Spain ($X per ton) and Turkey ($X per ton), while the price for China ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform