Morocco: Fuse And Detonator Market 2023

Fuse And Detonator Market Size in Morocco

After three years of growth, the Moroccan fuse and detonator market decreased by -2.7% to $X in 2021. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Fuse and detonator consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Fuse And Detonator Production in Morocco

In value terms, fuse and detonator production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 32% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Fuse And Detonator Exports

Exports from Morocco

In 2021, shipments abroad of safety fuses, detonating fuses and electric detonators decreased by -16.7% to X kg, falling for the eighth year in a row after two years of growth. Over the period under review, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 207% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, fuse and detonator exports contracted sharply to $X in 2021. Overall, exports showed a precipitous curtailment. The growth pace was the most rapid in 2013 when exports increased by 384% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Libya (X kg) was the main destination for fuse and detonator exports from Morocco, with a 92% share of total exports. Moreover, fuse and detonator exports to Libya exceeded the volume sent to the second major destination, Mauritania (X kg), more than tenfold. The third position in this ranking was held by Guinea (X kg), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Libya amounted to -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-43.9% per year) and Guinea (-36.3% per year).

In value terms, Libya ($X) emerged as the key foreign market for safety fuses, detonating fuses and electric detonators exports from Morocco, comprising 80% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 16% share of total exports. It was followed by Guinea, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Libya stood at -20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-38.9% per year) and Guinea (-41.9% per year).

Export Prices by Country

In 2021, the average fuse and detonator export price amounted to $X per ton, with a decrease of -4% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2013 an increase of 57% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Cote d'Ivoire ($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 (+8.9%), while the prices for the other major destinations experienced a decline.

Fuse And Detonator Imports

Imports into Morocco

After three years of growth, supplies from abroad of safety fuses, detonating fuses and electric detonators decreased by -38.4% to X tons in 2021. Overall, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 95% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank remarkably in the following year.

In value terms, fuse and detonator imports dropped notably to $X in 2021. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. Imports peaked at $X in 2020, and then contracted rapidly in the following year.

Imports by Country

Bosnia and Herzegovina (X tons), France (X tons) and Portugal (X tons) were the main suppliers of fuse and detonator imports to Morocco, with a combined 53% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bosnia and Herzegovina (with a CAGR of +42.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to Morocco, comprising 37% of total imports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 16% share of total imports. It was followed by India, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (+22.3% per year) and India (+7.0% per year).

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, with an increase of 24% against the previous year. In general, the import price, however, showed a pronounced slump. The growth pace was the most rapid in 2014 when the average import price increased by 49% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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