Market research

Veneer sheets market in Morocco

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2019, the veneer sheets market in Morocco expanded from 78.6 thousand m³ to 101 thousand m³. This growth was fueled by sustained domestic demand from the construction and furniture industries, alongside the introduction of bakelized plywood, which offered improved resistance to insects and fungi.

The market contracted to 77.4 thousand m³ in 2020, coinciding with wider economic disruptions, while manufacturers began adopting bio-based glues and laser-cutting techniques to enhance product quality. Volume stabilized at the same level in 2021 as the market absorbed new international quality certifications and rising demand for high-end, customized panels.

A recovery to 92.9 thousand m³ occurred in 2022, supported by the entry of new product segments like Shinnoki decorative panels and expanded custom veneering services. However, volume fell sharply to 59.7 thousand m³ in 2023. By 2024, a surge in imports signaled a rebound, bolstered by fiscal reforms under the 2024 Finance Law and continued innovation in bio-glue adoption and finishing technologies.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Morocco
  1. 5.1.1. Annual dynamics of production in Morocco in kind, 2018-2023, m³
  2. 5.1.2. Annual dynamics of production in Morocco in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to Morocco in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Morocco by countries, 2018-2024, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Morocco in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Morocco by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Morocco, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Morocco by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to Morocco in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Morocco by countries, 2018-2024, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Morocco in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Morocco by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Morocco, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Morocco by countries, 2018-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from Morocco in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Morocco by countries, 2018-2024, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Morocco in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Morocco by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Morocco, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Morocco by countries, 2018-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from Morocco in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Morocco by countries, 2018-2024, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Morocco in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Morocco by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Morocco, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Morocco by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production veneer sheets in Morocco

In kind, 2017-2020, m³

Top producers of veneer sheets, 2017-2020

Source: SHEV.io

World map of production of veneer sheets, 2017-2020

Source: SHEV.io

In 2020, Morocco produced 7,000 m³ of veneer sheets, showing no significant change from the previous year. The largest decline was recorded in 2018 at 0.0%, while the largest increase also occurred in 2018 at 0.0%.

Annual dynamics of production in Morocco in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	-	-	-	-

Source: SHEV.io

Exports veneer sheets from Morocco

Exports in kind, m³

Market performance showed noticeable fluctuations during this period. Exports reached their lowest point in 2019 at 33 m³, then peaked in 2017, with a 7.2-fold difference between these years. In 2020, foreign veneer sheet supplies from Morocco totaled 59 m³, representing a 78.8% increase compared to the previous year. The largest decline was recorded in 2019 at 73.2%.

Annual dynamics of product's exports from Morocco in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(48.1%)	(73.2%)	78.8%	(37.1%)

Source: SHEV.io

From 2017 to 2020, the Netherlands (23.1% of exports in kind), Cameroon (17.7%), and Egypt (15.7%) formed the core of exports in kind, together accounting for 56.5% of total flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Morocco in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

The market exhibited volatility over the observed period. Export volumes dropped to their minimum in 2019 at 6,000 US dollars, then climbed to their maximum in 2017, showing a 12.8-fold shift between these years. In 2020, Morocco's veneer sheet exports stood at 65,000 US dollars, marking a 930.2% increase compared to 2019. The largest decline was recorded in 2019 at 85.9%.

Annual dynamics of product's exports from Morocco in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(44.2%)	(85.9%)	930.2%	(6.9%)

Source: SHEV.io

Throughout 2017–2020, the three largest markets—the Netherlands, Spain, and Cameroon—remained central to exports in value terms, together taking 75.1% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Morocco in value, 2017-2020

Source: SHEV.io

Imports veneer sheets to Morocco

Imports in kind, m³

In 2020, Morocco's veneer sheet imports amounted to 70,422 m³, marking a significant decrease of 25.1% compared to the previous year. Over the period 2017-2020, imports decreased by 2.9%, with a compound annual growth rate of 1.0%. The maximum value was recorded in 2019 at 93,987 m³, while the largest increase occurred in 2019 at 31.0%.

Annual dynamics of product's imports to Morocco in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.1%)	31.0%	(25.1%)	(1.0%)

Source: SHEV.io

From 2017 to 2020, Gabon (48.7% of imports in kind), China (15.7%), and Côte d'Ivoire (10.9%) were the principal sources for imports in kind, jointly accounting for 75.3% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Morocco in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

In 2020, Morocco imported a total of 29,492,000 US dollars worth of veneer sheets, corresponding to a robust decrease of 17.4% over the past year. Between 2017 and 2020, imports decreased by 16.5%, equating to an annualized rate of 5.8%. The maximum value was recorded in 2019 at 35,701,000 US dollars, with the largest increase also occurring in 2019 at 19.9%.

Annual dynamics of product's imports to Morocco in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(15.6%)	19.9%	(17.4%)	(5.8%)

Source: SHEV.io

From 2017 to 2020, Gabon (48.5% of imports in value terms), Spain (12.6%), and Côte d'Ivoire (11.5%) formed the main cluster of markets for imports in value terms, with a combined share of 72.6% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Morocco in value, 2017-2020

Source: SHEV.io