Morocco: Wrapping Papers Market 2024

Wrapping Papers Market Size in Morocco

The Moroccan wrapping papers market soared to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wrapping Papers Production in Morocco

In value terms, wrapping papers production rose modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Wrapping papers production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Wrapping Papers Exports

Exports from Morocco

In 2022, shipments abroad of wrapping paper, packaging paper and paperboard increased by X% to X tons, rising for the fifth year in a row after three years of decline. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, wrapping papers exports skyrocketed to $X in 2022. Over the period under review, exports showed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for wrapping papers exports from Morocco, with a X% share of total exports. Moreover, wrapping papers exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Mauritania (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire totaled X%.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for wrapping paper, packaging paper and paperboard exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Mauritania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire totaled X%.

Export Prices by Country

The average wrapping papers export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Cote d'Ivoire amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (X%).

Wrapping Papers Imports

Imports into Morocco

In 2022, the amount of wrapping paper, packaging paper and paperboard imported into Morocco skyrocketed to X tons, increasing by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wrapping papers 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 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), Austria (X tons) and Spain (X tons) were the main suppliers of wrapping papers imports to Morocco, together accounting for X% of total imports. The United States, the Czech Republic, France, Finland, Portugal, Poland, Italy, Estonia, Bosnia and Herzegovina and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wrapping papers suppliers to Morocco were Sweden ($X), Austria ($X) and Spain ($X), with a combined X% share of total imports. The United States, the Czech Republic, France, Finland, Italy, Poland, Portugal, Estonia, Bosnia and Herzegovina and Germany lagged somewhat behind, together accounting for a further X%.

Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average wrapping papers import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bosnia and Herzegovina ($X per ton) and Germany ($X per ton), while the price for Portugal ($X per ton) and the United States ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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