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Morocco - Ready-Mixed Concrete - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Ready-Mixed Concrete and Factory Made Mortar in Morocco - 2023
Contents:
- Price for Ready-Mixed Concrete and Factory Made Mortar in Morocco (CIF) - 2023
- Price for Ready-Mixed Concrete and Factory Made Mortar in Morocco (FOB) - 2022
- Imports of Ready-Mixed Concrete and Factory Made Mortar in Morocco
- Exports of Ready-Mixed Concrete and Factory Made Mortar in Morocco
Price for Ready-Mixed Concrete and Factory Made Mortar in Morocco (CIF) - 2023
The average import price for ready-mixed concrete and factory made mortars stood at $514 per ton in June 2023, which is down by -5.9% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 55% month-to-month. Over the period under review, average import prices reached the maximum at $983 per ton in February 2023; however, from March 2023 to June 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Italy ($567 per ton) and France ($517 per ton), while the price for Belgium ($489 per ton) and Spain ($503 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ready-Mixed Concrete and Factory Made Mortar in Morocco (FOB) - 2022
In 2022, the average export price for ready-mixed concrete and factory made mortars amounted to $990 per ton, surging by 26% against the previous year. In general, the export price, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2020 an increase of 71%. The export price peaked at $1,152 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
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 Benin ($1,443 per ton), while the average price for exports to Nigeria ($200 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ready-Mixed Concrete and Factory Made Mortar in Morocco
In 2022, imports of ready-mixed concrete and factory made mortars into Morocco soared to 8.3K tons, rising by 41% on the previous year's figure. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of ready-mixed concrete and factory made mortars soared to $4.6M in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Ready-Mixed Concrete and Factory Made Mortar in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 1,597 | 1,072 | 1,459 | 2,711 | 19.3% |
France | 504 | 394 | 661 | 1,112 | 30.2% |
Germany | 73.7 | 162 | 84.9 | 460 | 84.1% |
Italy | 139 | 247 | 205 | 189 | 10.8% |
Portugal | 0.4 | 31.1 | 102 | 61.8 | 436.6% |
Others | 100 | 157 | 372 | 81.3 | -6.7% |
Total | 2,414 | 2,063 | 2,883 | 4,614 | 24.1% |
Top Suppliers of Ready-Mixed Concrete and Factory Made Mortar to Morocco in 2022:
- Spain (4.6K tons)
- France (2.5K tons)
- Italy (0.4K tons)
- Germany (0.4K tons)
- Portugal (0.3K tons)
Exports of Ready-Mixed Concrete and Factory Made Mortar in Morocco
In 2022, the amount of ready-mixed concrete and factory made mortars exported from Morocco contracted dramatically to 148 tons, with a decrease of -69.1% on 2021 figures. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 422%. As a result, the exports reached the peak of 479 tons, and then reduced remarkably in the following year.
In value terms, exports of ready-mixed concrete and factory made mortars dropped notably to $147K in 2022. Overall, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 405%. As a result, the exports attained the peak of $378K, and then dropped significantly in the following year.
Export of Ready-Mixed Concrete and Factory Made Mortar in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mauritania | 11.2 | 33.5 | 81.6 | 90.7 | 100.8% |
Benin | N/A | N/A | 18.9 | 29.7 | 57.1% |
Burkina Faso | N/A | N/A | N/A | 10.5 | 0% |
Cameroon | N/A | 32.7 | 168 | 7.9 | -50.8% |
Mali | 15.1 | N/A | 26.6 | 5.9 | -26.9% |
Cote d'Ivoire | 4.8 | 6.2 | 24.4 | 0.1 | -72.5% |
Senegal | 29.5 | 2.3 | N/A | N/A | -92.2% |
Guinea | 22.8 | N/A | 46.7 | N/A | 43.1% |
Libya | 8.6 | N/A | N/A | N/A | 0% |
Others | 3.2 | N/A | 10.9 | 2.0 | -14.5% |
Total | 95.2 | 74.7 | 378 | 147 | 15.6% |
Top Export Markets for Ready-Mixed Concrete and Factory Made Mortar from Morocco in 2022:
- Mauritania (86.2 tons)
- Benin (20.6 tons)
- Burkina Faso (18.0 tons)
- Cameroon (18.0 tons)
- Mali (4.3 tons)
- Cote d'Ivoire (0.3 tons)
This report provides an in-depth analysis of the market for ready-mixed concrete and factory made mortar 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 23631000 - Ready-mixed concrete
- Prodcom 23641000 - Factory made mortars
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
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