Morocco: Corrugated Paper Box Market 2024

Corrugated Paper Box Market Size in Morocco

The Moroccan corrugated paper box market surged to $X in 2023, increasing by X% against the previous year. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. Over the period under review, the market attained the peak level in 2023 and is likely to see gradual growth in the immediate term.

Corrugated Paper Box Production in Morocco

In value terms, corrugated paper box production soared to $X in 2023 estimated in export price. Overall, the total production indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level in 2023 and is expected to retain growth in the near future.

Corrugated Paper Box Exports

Exports from Morocco

In 2023, overseas shipments of cartons, boxes and cases of corrugated paper or paperboard decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2022, and then shrank significantly in the following year.

In value terms, corrugated paper box exports declined significantly to $X in 2023. In general, total exports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then declined remarkably in the following year.

Exports by Country

Cameroon (X tons), Cote d'Ivoire (X tons) and Ghana (X tons) were the main destinations of corrugated paper box exports from Morocco, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Cameroon (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for corrugated paper box exported from Morocco were Cameroon ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined X% share of total exports. Mauritania, Senegal, Guinea, Gabon and Libya lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Guinea, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average corrugated paper box export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, showed a noticeable downturn. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Corrugated Paper Box Imports

Imports into Morocco

Corrugated paper box imports into Morocco contracted remarkably to X tons in 2023, dropping by X% on the year before. Overall, imports, however, showed a notable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, corrugated paper box imports shrank markedly to $X in 2023. In general, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then declined markedly in the following year.

Imports by Country

In 2023, Spain (X tons) constituted the largest supplier of corrugated paper box to Morocco, accounting for a X% share of total imports. Moreover, corrugated paper box imports from Spain exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Turkey (X% per year).

In value terms, Spain ($X) constituted the largest supplier of cartons, boxes and cases of corrugated paper or paperboard to Morocco, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with an X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average corrugated paper box import price amounted to $X per ton, declining by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform