Morocco: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Morocco

In 2022, the Moroccan vulcanised rubber thread market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, the total consumption indicated a resilient 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 increased by X% against 2019 indices. Vulcanised rubber thread consumption peaked in 2022 and is expected to retain growth in the immediate term.

Vulcanised Rubber Thread Exports

Exports from Morocco

In 2022, approx. X kg of vulcanised rubber thread and cord were exported from Morocco; stabilizing at the previous year. Overall, exports showed a precipitous decline. The smallest decline of X% was in 2021. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber thread exports totaled $X in 2022. In general, exports recorded a relatively flat trend pattern. The smallest decline of X% was in 2021. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X kg), France (X kg) and Portugal (X kg) were the main destinations of vulcanised rubber thread exports from Morocco, together comprising X% of total exports.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of X%), while the other leaders experienced a decline.

From 2014 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: France (X% per year) and Portugal (X% per year).

Export Prices by Country

In 2022, the average vulcanised rubber thread export price amounted to $X per ton, approximately equating the previous year. In general, the export price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2021 a decrease of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%).

Vulcanised Rubber Thread Imports

Imports into Morocco

In 2022, approx. X tons of vulcanised rubber thread and cord were imported into Morocco; jumping by X% on 2021. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume 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 2016 indices. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, vulcanised rubber thread imports soared to $X in 2022. Over the period under review, total imports indicated a strong 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 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of vulcanised rubber thread to Morocco, with a X% share of total imports. Moreover, vulcanised rubber thread imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of vulcanised rubber thread and cord to Morocco, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average vulcanised rubber thread import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Malaysia ($X per ton), while the price for China ($X per ton) and India ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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