Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Morocco - 2023
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Morocco (CIF) - 2023
- Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Morocco (FOB) - 2022
- Imports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Morocco
- Exports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Morocco
Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Morocco (CIF) - 2023
In June 2023, the average import price for medium density fibreboard (MDF) of thickness over 9 mm amounted to $533 per cubic meter, with a decrease of -4.7% against the previous month. Over the period under review, the import price recorded a mild downturn. The most prominent rate of growth was recorded in April 2023 an increase of 10% m-o-m. The import price peaked at $664 per cubic meter in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Portugal ($624 per cubic meter), while the price for China ($357 per cubic meter) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Morocco (FOB) - 2022
The average export price for medium density fibreboard (MDF) of thickness over 9 mm stood at $865 per cubic meter in 2022, which is down by -65.8% against the previous year. Overall, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 329% against the previous year. The export price peaked at $10,563 per cubic meter in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($87,448 per cubic meter), while the average price for exports to China ($346 per cubic meter) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+177.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Morocco
In 2022, after three years of growth, there was decline in supplies from abroad of medium density fibreboard (MDF) of thickness over 9 mm, when their volume decreased by -2.5% to 134K cubic meters. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. As a result, imports attained the peak of 138K cubic meters, and then shrank slightly in the following year.
In value terms, imports of medium density fibreboard (MDF) of thickness over 9 mm skyrocketed to $78M in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 103%. Over the period under review, imports of medium density fibreboard (MDF) of thickness over 9 mm attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 10.7 | 15.4 | 35.9 | 52.1 | 69.5% |
| Spain | 9.8 | 6.9 | 10.7 | 14.2 | 13.2% |
| Portugal | 3.6 | 4.1 | 6.6 | 5.1 | 12.3% |
| Romania | 0.4 | 2.0 | 2.4 | 3.4 | 104.1% |
| Bulgaria | N/A | N/A | 2.2 | 0.1 | -95.5% |
| Others | 2.7 | 2.0 | 3.5 | 3.0 | 3.6% |
| Total | 27.3 | 30.3 | 61.4 | 78.0 | 41.9% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness over 9 Mm to Morocco in 2022:
- Turkey (91.9K cubic meters)
- Spain (23.9K cubic meters)
- Portugal (8.0K cubic meters)
- Romania (7.3K cubic meters)
- Bulgaria (0.2K cubic meters)
Exports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Morocco
In 2022, the amount of medium density fibreboard (MDF) of thickness over 9 mm exported from Morocco soared to 37 cubic meters, jumping by 363% against the previous year. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 700% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of medium density fibreboard (MDF) of thickness over 9 mm surged to $32K in 2022. Over the period under review, exports, however, recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 91%. Over the period under review, the exports of medium density fibreboard (MDF) of thickness over 9 mm attained the maximum at $105K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | N/A | N/A | N/A | 15.8 | 0% |
| China | N/A | N/A | 0.2 | 12.0 | 5900.0% |
| Portugal | 0.4 | N/A | N/A | 4.1 | 117.2% |
| Turkey | N/A | N/A | N/A | 0.2 | 0% |
| Cote d'Ivoire | N/A | 1.1 | N/A | N/A | 0% |
| Tanzania | 105 | N/A | N/A | N/A | 0% |
| Colombia | N/A | 0.3 | N/A | N/A | 0% |
| Germany | N/A | N/A | 0.1 | N/A | 0% |
| Luxembourg | N/A | N/A | 1.1 | N/A | 0% |
| Ireland | N/A | N/A | 18.8 | N/A | 0% |
| Others | N/A | 9.2 | N/A | N/A | 0% |
| Total | 105 | 10.6 | 20.2 | 32.0 | -32.7% |
Top Export Markets for Medium Density Fibreboard (MDF) of Thickness over 9 Mm from Morocco in 2022:
- China (35.0 cubic meters)
- Portugal (2.0 cubic meters)
- Turkey (1.0 cubic meters)
- Philippines (1.0 cubic meters)
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