Report Update: May 1, 2024

Morocco - Table, Kitchen Or Household Articles And Parts Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Stainless Steel Household Articles in Morocco - 2022

Price for Stainless Steel Household Articles in Morocco (CIF) - 2022

The average stainless steel household articles import price stood at $3.1 per unit in December 2022, with a decrease of -27.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 48% month-to-month. Over the period under review, average import prices hit record highs at $4.3 per unit in February 2022; however, from March 2022 to December 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($9.2 per unit), while the price for China ($2.6 per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Stainless Steel Household Articles in Morocco (FOB) - 2022

The average stainless steel household articles export price stood at $3.1 per unit in 2022, with an increase of 32% against the previous year. Overall, the export price, however, showed a pronounced downturn. The export price peaked at $5.6 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($10 per unit), while the average price for exports to Portugal ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.8%), while the prices for the other major destinations experienced a decline.

Imports of Stainless Steel Household Articles in Morocco

In 2022, the amount of table, kitchen or household articles and parts of stainless steel imported into Morocco shrank to 7M units, with a decrease of -9.5% on the year before. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. Imports peaked at 9.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, stainless steel household articles imports declined to $25M in 2022. Over the period under review, imports showed a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 33%. Imports peaked at $27M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Stainless Steel Household Articles in Morocco (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	18.6	11.7	15.6	13.0	-11.3%
Turkey	4.6	5.2	6.5	7.1	15.6%
Spain	0.8	1.0	1.5	2.0	35.7%
India	0.6	0.4	0.6	0.7	5.3%
Egypt	0.3	0.2	0.3	0.4	10.1%
Others	2.5	1.4	1.9	1.8	-10.4%
Total	27.4	19.9	26.4	25.0	-3.0%

Top Suppliers of Stainless Steel Household Articles to Morocco in 2022:

China (4.6M units)
Turkey (1.6M units)
Spain (0.3M units)
Egypt (0.1M units)
India (0.1M units)

Exports of Stainless Steel Household Articles in Morocco

In 2022, exports of table, kitchen or household articles and parts of stainless steel from Morocco shrank rapidly to 143K units, dropping by -33% against the year before. Overall, exports, however, saw a temperate increase. The pace of growth was the most pronounced in 2021 when exports increased by 133% against the previous year. As a result, the exports reached the peak of 213K units, and then contracted notably in the following year.

In value terms, stainless steel household articles exports declined to $446K in 2022. In general, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +3.2% 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 +48.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 68%. As a result, the exports attained the peak of $504K, and then fell in the following year.

Export of Stainless Steel Household Articles in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mauritania	81.8	79.2	206	162	25.6%
Canada	39.2	33.2	33.5	126	47.6%
United States	4.0	12.5	27.6	26.2	87.1%
Spain	13.5	3.2	24.3	26.2	24.7%
France	0.8	2.9	4.0	19.6	190.4%
Bahrain	3.4	2.1	4.1	13.2	57.2%
Portugal	0.4	3.1	N/A	1.6	58.7%
United Arab Emirates	92.3	11.4	37.3	0.6	-81.3%
Algeria	87.3	63.0	44.2	N/A	-28.8%
Others	82.9	89.1	123	70.1	-5.4%
Total	406	300	504	446	3.2%

Top Export Markets for Stainless Steel Household Articles from Morocco in 2022:

Mauritania (78.4K units)
Spain (22.1K units)
Canada (17.9K units)
Bahrain (4.8K units)
France (4.0K units)
Portugal (2.5K units)
United States (2.5K units)
United Arab Emirates (0.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for stainless steel household articles 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 25991225 - Table, kitchen or household articles and parts thereof of stainless steel (excluding cutlery)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023