Morocco: Spades And Shovels Market 2022

Spades And Shovels Market Size in Morocco

The Moroccan spades and shovels market skyrocketed to $X in 2021, jumping by 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). In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Spades And Shovels Exports

Exports from Morocco

In 2021, approx. X kg of spades and shovels were exported from Morocco; picking up by X% against the previous year's figure. In general, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, spades and shovels exports expanded significantly to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Mauritania (X kg) was the main destination for spades and shovels exports from Morocco, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mauritania totaled +X%.

In value terms, Mauritania ($X) also remains the key foreign market for spades and shovels exports from Morocco.

From 2012 to 2021, the average annual rate of growth in terms of value to Mauritania totaled +X%.

Export Prices by Country

In 2021, the average spades and shovels export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Mauritania amounted to +X% per year.

Spades And Shovels Imports

Imports into Morocco

In 2021, approx. X tons of spades and shovels were imported into Morocco; growing by X% on 2020 figures. Overall, imports, however, saw a mild setback. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, spades and shovels imports skyrocketed to $X in 2021. Over the period under review, imports posted a slight expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest spades and shovels supplier to Morocco, accounting for a X% share of total imports. Moreover, spades and shovels imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Spain (-X% per year).

In value terms, China ($X) constituted the largest supplier of spades and shovels to Morocco, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Spain (-X% per year).

Import Prices by Country

The average spades and shovels import price stood at $X per ton in 2021, growing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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