The Moroccan cement market experienced significant fluctuations since the turn of the millennium, alternating between robust growth and periods of contraction. As of 2023, the market has entered a phase of gradual recovery, primarily driven by an increase in demand related to construction and infrastructure, although growth rates are projected to remain volatile through 2026.
Historical Context of the Market
Between 2000 and 2011, cement deliveries in Morocco nearly doubled, escalating from just under 8 million tons to over 16 million tons, marking a historic peak. However, from 2012 onward, the sector faced a corrective phase characterized by a persistent decline in deliveries across several years. A notable fluctuation phase took place between 2019 and 2022, reflecting the impacts of changing economic conditions, the repercussions of the COVID-19 pandemic, and variances in construction activity.
Signs of Recovery
Starting in 2023, signs of recovery began to emerge, with deliveries increasing by 9.45% in 2024 and 8.21% in 2025, reaching approximately 14.82 million tons—an accumulating growth of nearly 18.4% over two years. Despite this positive trajectory, the market remains over one million tons below the record high of 2011, underscoring that recent recoveries have yet to restore pre-growth activity levels.
Market Fluctuations and Demand Components
The first seven months of 2026 showcased pronounced volatility. Deliveries dropped by 18.77% in January and 12.63% in February, but rebounded in March with a 2.53% increase, followed by an impressive 31.84% rise in April. However, May saw a downturn of 20.64%, before another resurgence in June, up by 27.72%, with a modest 1.89% growth in July. By the end of July, total deliveries reached around 8.23 million tons, down slightly from 8.29 million tons in the same period the previous year.
Breaking down the delivery structure reveals disparities in various components of demand. The quantity directed towards distribution, which constitutes 52.6% of the total market, fell by 5.39% to 4.33 million tons. Conversely, ready-mix concrete experienced a robust 7.94% growth, reaching 2.21 million tons, with infrastructure-related deliveries increasing by 13.79% and construction sector deliveries up by 4.53%. This shift indicates a relative transformation in demand components, with infrastructure projects and ready-mix concrete playing a growing role, while distribution sales continue to face pressure.
Future Prospects and Strategic Importance
This market dynamism occurs within the broader context of ongoing infrastructure initiatives in Morocco, which present significant growth opportunities for the sector in the coming years, especially related to transport, urban development, and large-scale projects. On the supply side, member companies of the cement professional association boast production capacities double the national consumption, providing them with substantial flexibility to meet future demand increases. Furthermore, companies are continuing to invest in modernizing production processes to enhance efficiency and reduce carbon footprints.
Overall, the Moroccan cement market has indeed entered an improvement phase compared to the previous years of contraction. However, the sustainability of this growth will depend on the evolution of investment in construction and infrastructure, as well as the internal demand’s ability to stabilize over the coming period.
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