Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Morocco - 2023

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Morocco (CIF) - 2022
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Morocco (FOB) - 2022
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Morocco
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Morocco

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Morocco (CIF) - 2022

In 2022, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $6,533 per ton, growing by 29% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($15,464 per ton), while the price for Egypt ($3,430 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Morocco (FOB) - 2022

In 2022, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $6,917 per ton, declining by -35.6% against the previous year. Overall, the export price, however, posted a slight expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 105% against the previous year. The export price peaked at $12,083 per ton in 2015; however, from 2016 to 2022, the export prices remained at a 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 Senegal ($7,570 per ton), while the average price for exports to Poland ($4,942 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Morocco

In 2022, imports of tubing; flexible, with or without fittings, of base metals into Morocco contracted modestly to 1K tons, with a decrease of -3.7% against 2021. Over the period under review, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year.

In value terms, imports of tubing; flexible, with or without fittings, of base metals skyrocketed to $6.7M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Morocco in 2022:

1. Turkey (407.4 tons)
2. United Arab Emirates (162.0 tons)
3. Spain (127.6 tons)
4. China (114.5 tons)
5. Egypt (77.1 tons)
6. Italy (45.0 tons)
7. France (26.5 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Morocco

In 2022, after two years of decline, there was significant growth in overseas shipments of tubing; flexible, with or without fittings, of base metals, when their volume increased by 729% to 29 tons. Overall, exports, however, continue to indicate a deep downturn.

In value terms, exports of tubing; flexible, with or without fittings, of base metals skyrocketed to $202K in 2022. In general, exports enjoyed a pronounced expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Morocco in 2022:

1. Poland (15.8 tons)
2. Senegal (10.5 tons)
3. Mauritania (1.6 tons)
4. Cote d'Ivoire (0.1 tons)

Source: IndexBox Market Intelligence Platform