Morocco - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Closure Price in Morocco - 2022
Contents:
- Base Metal Closure Price in Morocco (CIF) - 2022
- Base Metal Closure Price in Morocco (FOB) - 2022
- Base Metal Closure Imports in Morocco
- Base Metal Closure Exports in Morocco
Base Metal Closure Price in Morocco (CIF) - 2022
The average base metal closure import price stood at $5,427 per ton in December 2022, rising by 5.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in January 2022 an increase of 13% m-o-m. The import price peaked at $5,841 per ton in July 2022; however, from August 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Denmark ($10,977 per ton), while the price for Turkey ($4,156 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 Denmark (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Metal Closure Price in Morocco (FOB) - 2022
The average base metal closure export price stood at $9,589 per ton in 2022, increasing by 38% against the previous year. In general, the export price posted a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($10,789 per ton), while the average price for exports to France ($3,968 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 Senegal (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Closure Imports in Morocco
In 2022, supplies from abroad of base metal closures, stoppers, caps and lids decreased by -9.5% to 18K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2020 when imports increased by 7.3%. As a result, imports attained the peak of 21K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, base metal closure imports rose notably to $98M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Base Metal Closure in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 49.3 | 53.1 | 48.8 | 54.2 | 3.2% |
| United Arab Emirates | 10.1 | 7.6 | 11.5 | 12.5 | 7.4% |
| Italy | 3.8 | 4.5 | 7.4 | 8.1 | 28.7% |
| France | 7.3 | 7.1 | 6.9 | 7.6 | 1.4% |
| Denmark | 4.5 | 5.2 | 4.5 | 5.1 | 4.3% |
| Poland | 1.0 | 4.2 | 3.7 | 4.0 | 58.7% |
| Saudi Arabia | 0.7 | 1.3 | 1.4 | 1.5 | 28.9% |
| Others | 4.2 | 3.1 | 3.9 | 4.7 | 3.8% |
| Total | 80.8 | 86.1 | 88.0 | 97.9 | 6.6% |
Top Suppliers of Base Metal Closure to Morocco in 2022:
- Spain (11.6K tons)
- United Arab Emirates (1.7K tons)
- Italy (1.5K tons)
- France (1.3K tons)
- Denmark (0.5K tons)
- Poland (0.4K tons)
- Saudi Arabia (0.3K tons)
Base Metal Closure Exports in Morocco
For the fourth consecutive year, Morocco recorded growth in overseas shipments of base metal closures, stoppers, caps and lids, which increased by 31% to 253 tons in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, base metal closure exports surged to $2.4M in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Base Metal Closure in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 633 | 776 | 866 | 2,009 | 47.0% |
| Spain | 127 | 83.0 | 103 | 238 | 23.3% |
| France | 1.3 | 76.2 | 27.1 | 79.7 | 294.3% |
| Bulgaria | N/A | 53.3 | N/A | N/A | 0% |
| Algeria | 75.3 | N/A | 63.9 | N/A | -7.9% |
| Turkey | N/A | N/A | 57.8 | N/A | 0% |
| Others | 118 | 29.1 | 227 | 99.6 | -5.5% |
| Total | 955 | 1,018 | 1,345 | 2,425 | 36.4% |
Top Export Markets for Base Metal Closure from Morocco in 2022:
- Senegal (186.2 tons)
- Spain (37.4 tons)
- France (20.1 tons)
This report provides an in-depth analysis of the base metal closure market 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 25921370 - Base metal closures, stoppers, caps and lids (excluding of lead, crown corks, aluminium closures, stoppers, caps and lids of a diameter > .21 mm)
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
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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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