Morocco - Hot-Rolled Steel Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Hot-Rolled Steel Bar and Rod in Morocco - 2022
Contents:
- Price for Hot-Rolled Steel Bar and Rod in Morocco (CIF) - 2022
- Price for Hot-Rolled Steel Bar and Rod in Morocco (FOB) - 2022
- Imports of Hot-Rolled Steel Bar and Rod in Morocco
- Exports of Hot-Rolled Steel Bar and Rod in Morocco
Price for Hot-Rolled Steel Bar and Rod in Morocco (CIF) - 2022
In December 2022, the average import price for hot-rolled steel bars and rods amounted to $751 per ton, declining by -5.5% against the previous month. In general, the import price recorded a slight decline. The pace of growth was the most pronounced in June 2022 when the average import price increased by 18% m-o-m. As a result, import price attained the peak level of $1,103 per ton. From July 2022 to December 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Turkey ($803 per ton), while the price for Spain ($700 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 Turkey (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Hot-Rolled Steel Bar and Rod in Morocco (FOB) - 2022
In 2022, the average export price for hot-rolled steel bars and rods amounted to $878 per ton, increasing by 2.1% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled steel bar and rod export price increased by +77.8% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 35% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($842 per ton), while the average price for exports to Senegal amounted to $589 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hot-Rolled Steel Bar and Rod in Morocco
In 2022, after two years of decline, there was growth in overseas purchases of hot-rolled steel bars and rods, when their volume increased by 3.7% to 153K tons. Overall, imports, however, recorded a significant curtailment.
In value terms, hot-rolled steel bar and rod imports surged to $134M in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction.
Import of Hot-Rolled Steel Bar and Rod in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 122 | 87.3 | 83.7 | 108 | -4.0% |
Portugal | 80.2 | 67.1 | 18.1 | 11.0 | -48.4% |
Spain | 22.1 | 6.7 | 4.9 | 5.4 | -37.5% |
Italy | 8.4 | 5.0 | 0.1 | 0.9 | -52.5% |
Others | 9.6 | 5.3 | 7.4 | 9.0 | -2.1% |
Total | 242 | 171 | 114 | 134 | -17.9% |
Top Suppliers of Hot-Rolled Steel Bar and Rod to Morocco in 2022:
- Turkey (127.7K tons)
- Portugal (14.7K tons)
- Spain (6.3K tons)
- Italy (0.6K tons)
Exports of Hot-Rolled Steel Bar and Rod in Morocco
In 2022, hot-rolled steel bar and rod exports from Morocco contracted remarkably to 2.6K tons, falling by -90.5% compared with the previous year's figure. In general, exports showed a precipitous shrinkage. The growth pace was the most rapid in 2021 when exports increased by 5,440%.
In value terms, hot-rolled steel bar and rod exports fell dramatically to $2.3M in 2022. Over the period under review, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 6,644%. As a result, the exports attained the peak of $23M, and then declined sharply in the following year.
Export of Hot-Rolled Steel Bar and Rod in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mauritania | 3.1 | N/A | 2.7 | 2.1 | -12.2% |
Germany | N/A | N/A | 20.6 | N/A | 0% |
United States | 12.4 | N/A | N/A | N/A | 0% |
Others | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
Total | 15.7 | 0.3 | 23.4 | 2.3 | -47.3% |
Top Export Markets for Hot-Rolled Steel Bar and Rod from Morocco in 2022:
- Mauritania (2.5K tons)
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
- Prodcom 24106230 - Hot-rolled bars in free-cutting steels
- Prodcom 24106250 - Forged bars of steel and hot-rolled bars (excluding hollow drill bars and rods) of non-alloy steel (of other than of free-cutting steel)
- Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel
- Prodcom 24106410 - Hot-rolled round bars, of stainless steel
- Prodcom 24106430 - Bars and rods of stainless steel, only hot-rolled, only hotdrawn or only extruded (excluding of circular cross-section)
- Prodcom 24106510 - Bars and rods of high-speed steel, hot-rolled, in irregularly wound coils
- Prodcom 24106530 - Bars and rods of silico-manganese steel, hot-rolled, in irregularly wound coils
- Prodcom 24106550 - Hot-rolled wire rod, of bearing steel
- Prodcom 24106570 - Bars and rods of alloy steel other than stainless, hot-rolled, in irregularly wound coils (excluding products of bearing steel, h igh-speed steel or silico-manganese steel)
- Prodcom 24106630 - Hot-rolled bars in bearing steels
- Prodcom 24106640 - Hot-rolled bars in tool steels
- Prodcom 24106650 - Hot-rolled bars (excluding hollow drill bars and rods) of alloy steel (other than of stainless, tool, silico-manganese, bearing and high speed steel)
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
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Morocco.
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod in Morocco.
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Morocco.
This report provides an in-depth analysis of the market for concrete reinforcing wire rod in Morocco.
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in Morocco.
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
This report provides an in-depth analysis of the global market for deformed non-alloy steel wire rod.
Global Hot-Rolled Wire Rod Market Report 2018. This report provides an in-depth analysis of the global hot-rolled wire rod market.
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This report provides an in-depth analysis of the global market for free-cutting steel wire rod.
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
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Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.