Morocco: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Morocco

The Moroccan stainless steel household articles market contracted slightly to $X in 2022, waning 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, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Morocco

In 2022, exports of table, kitchen or household articles and parts of stainless steel from Morocco fell remarkably to X units, which is down by X% on the previous year. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then contracted sharply in the following year.

In value terms, stainless steel household articles exports fell to $X in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritania (X units) was the main destination for stainless steel household articles exports from Morocco, with a X% share of total exports. Moreover, stainless steel household articles exports to Mauritania exceeded the volume sent to the second major destination, Spain (X units), fourfold. Canada (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Canada (X% per year).

In value terms, the largest markets for stainless steel household articles exported from Morocco were Mauritania ($X), Canada ($X) and the United States ($X), with a combined X% share of total exports. Spain, France, Bahrain, Saudi Arabia, Portugal and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, saw 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

In 2022, the average stainless steel household articles export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Morocco

In 2022, the amount of table, kitchen or household articles and parts of stainless steel imported into Morocco contracted to X units, falling by X% on 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, stainless steel household articles imports fell slightly to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest stainless steel household articles supplier to Morocco, accounting for a X% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was taken by Spain (X units), with a X% share.

From 2012 to 2022, 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 ($X), Turkey ($X) and Spain ($X) constituted the largest stainless steel household articles suppliers to Morocco, together comprising X% of total imports.

Among the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 stainless steel household articles import price amounted to $X per unit, rising by X% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel household articles import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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