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Morocco - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Wire Product in Morocco - 2022
Contents:
- Price for Iron or Steel Wire Product in Morocco (CIF) - 2022
- Price for Iron or Steel Wire Product in Morocco (FOB) - 2022
- Imports of Iron or Steel Wire Product in Morocco
- Exports of Iron or Steel Wire Product in Morocco
Price for Iron or Steel Wire Product in Morocco (CIF) - 2022
In December 2022, the average import price for iron or steel wire products amounted to $2,504 per ton, shrinking by -3.1% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average import price increased by 33% m-o-m. As a result, import price attained the peak level of $3,557 per ton. From October 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Spain ($3,910 per ton), while the price for Moldova ($1,294 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.0%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Steel Wire Product in Morocco (FOB) - 2022
In 2021, the average export price for iron or steel wire products amounted to $2,480 per ton, declining by -53.9% against the previous year. Over the period under review, the export price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2013 an increase of 190%. The export price peaked at $12,547 per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Senegal ($5,798 per ton), while the average price for exports to Mauritania ($1,408 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+47.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Wire Product in Morocco
In 2022, purchases abroad of iron or steel wire products decreased by -10% to 2.4K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. As a result, imports attained the peak of 3.5K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, iron or steel wire product imports amounted to $6.1M in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, imports attained the peak of $6.2M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Iron or Steel Wire Product in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Czech Republic | 1,155 | 1,728 | 1,542 | 15.5% | |
Italy | 546 | 965 | 861 | 25.6% | |
China | 640 | 841 | 750 | 8.3% | |
Luxembourg | 683 | 390 | 567 | -8.9% | |
France | 306 | 309 | 304 | -0.3% | |
Spain | 261 | 273 | 244 | -3.3% | |
Egypt | 359 | 141 | 163 | -32.6% | |
Bulgaria | 87.0 | 179 | 159 | 35.2% | |
United Arab Emirates | 448 | 25.7 | 152 | -41.8% | |
Belgium | 122 | 0.9 | 76.9 | -20.6% | |
Moldova | N/A | 249 | N/A | 0% | |
Others | 405 | 1,076 | 583 | 20.0% | |
Total | 5,011 | 6,176 | 5,402 | 3.8% |
Top Suppliers of Iron or Steel Wire Product to Morocco in 2022:
- Czech Republic (994.3 tons)
- China (411.2 tons)
- Luxembourg (347.0 tons)
- Italy (310.0 tons)
- Bulgaria (109.1 tons)
- Egypt (99.1 tons)
- Spain (97.1 tons)
- France (73.8 tons)
- United Arab Emirates (53.7 tons)
- Belgium (43.0 tons)
Exports of Iron or Steel Wire Product in Morocco
Iron or steel wire product exports from Morocco surged to 588 tons in 2022, increasing by 669% on 2021 figures. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 989%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, iron or steel wire product exports skyrocketed to $443K in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 402% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.
Export of Iron or Steel Wire Product in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Cote d'Ivoire | 29.5 | 16.5 | 98.4 | 82.6% | |
Mali | 0.3 | N/A | 47.1 | 1153.0% | |
Mauritania | 0.2 | 3.5 | 21.1 | 927.1% | |
Senegal | 2.6 | 2.6 | 15.7 | 145.7% | |
Others | 4.7 | 15.2 | 7.5 | 26.3% | |
Total | 37.2 | 37.8 | 190 | 126.0% |
Top Export Markets for Iron or Steel Wire Product from Morocco in 2022:
- Cote d'Ivoire (39.8 tons)
- Mali (15.9 tons)
- Mauritania (14.9 tons)
- Senegal (2.7 tons)
This report provides an in-depth analysis of the market for iron or steel wire product in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for iron or steel wire product in Morocco.
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