Morocco: Spades And Shovels Market 2024

Spades And Shovels Market Size in Morocco

The Moroccan spades and shovels market declined to $X in 2023, shrinking 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell in the following year.

Spades And Shovels Exports

Exports from Morocco

In 2023, the amount of spades and shovels exported from Morocco dropped to X tons, approximately equating 2022 figures. In general, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2022, and then fell in the following year.

In value terms, spades and shovels exports rose sharply to $X in 2023. Overall, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2023.

Exports by Country

Mauritania (X kg) was the main destination for spades and shovels exports from Morocco, accounting for a X% share of total exports. Moreover, spades and shovels exports to Mauritania exceeded the volume sent to the second major destination, Mali (X kg), fourfold. The third position in this ranking was held by Burkina Faso (X kg), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Mauritania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Burkina Faso (X% per year).

In value terms, Mauritania ($X), Mali ($X) and Benin ($X) were the largest markets for spades and shovels exported from Morocco worldwide, with a combined X% share of total exports. Spain, Burkina Faso, Senegal, Cameroon, Cote d'Ivoire and Guinea lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spades and shovels export price stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Guinea ($X per ton) was amongst the lowest.

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

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Spades And Shovels Imports

Imports into Morocco

In 2023, the amount of spades and shovels imported into Morocco reduced to X tons, waning by X% on 2022 figures. Overall, imports showed a slight setback. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, spades and shovels imports dropped markedly to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

In 2023, 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), more than tenfold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled 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 ($X) constituted the largest supplier of spades and shovels to Morocco, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Tunisia, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Tunisia (X% per year).

Import Prices by Country

In 2023, the average spades and shovels import price amounted to $X per ton, shrinking by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then contracted in the following year.

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

From 2012 to 2023, 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 Platform