Morocco: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Morocco

In 2022, the Moroccan vulcanised cellular rubber articles market decreased by X% to $X, falling for the second year in a row after five years of growth. Overall, the total consumption indicated a perceptible 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, consumption decreased by X% against 2020 indices. Vulcanised cellular rubber articles consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Morocco

In value terms, vulcanised cellular rubber articles production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated mild growth 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Morocco

In 2022, exports of vulcanised cellular rubber articles for technical uses from Morocco skyrocketed to X tons, jumping by X% compared with the year before. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, vulcanised cellular rubber articles exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Spain (X tons) was the main destination for vulcanised cellular rubber articles exports from Morocco, with a X% share of total exports. It was followed by Senegal (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and Mauritania (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for vulcanised cellular rubber articles for technical uses exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and Mauritania (X% per year).

Export Prices by Country

In 2022, the average vulcanised cellular rubber articles export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Morocco

In 2022, supplies from abroad of vulcanised cellular rubber articles for technical uses decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, vulcanised cellular rubber articles imports shrank notably to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest vulcanised cellular rubber articles supplier to Morocco, with a X% share of total imports. Moreover, vulcanised cellular rubber articles imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Turkey (X% per year).

In value terms, the largest vulcanised cellular rubber articles suppliers to Morocco were the United Arab Emirates ($X), France ($X) and China ($X), with a combined X% share of total imports.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 vulcanised cellular rubber articles import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 France ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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