The latest studies by global credit insurance company Allianz Trade indicate that Moroccan enterprises are facing increasing financial pressures amid a more complex economic environment.
The report, which begins with a global analysis before focusing on Morocco, outlines detailed negative and concerning trends, along with warnings for projections for 2026.
### Situation of Moroccan Companies
Allianz Trade predicts that business failures (bankruptcies or financial collapses) in Morocco will reach approximately 16,800 cases in 2025, an increase of about 7% compared to 2024. This figure also represents a rise of nearly 109% compared to the pre-COVID-19 period (2016-2019) in Morocco.
According to the report, these rates are expected to remain high and stable through 2026, with little likelihood of a significant decline before that time.
### Pressures and Challenges
The report identifies several strategic factors burdening Moroccan enterprises, with delayed payments being the most significant issue. Many local businesses are experiencing liquidity problems due to late payments from customers or suppliers.
The agricultural sector is particularly affected, reflecting impacts on firms linked to agriculture or reliant on related supply chains.
With relatively high-interest rates and global economic pressures, indebted companies or those needing additional liquidity face greater risks.
Social inflation and high unemployment create a less stable environment for the economy and small businesses, especially those dependent on local consumption or demand.
### Most Affected Sectors
While the report does not provide a detailed sectoral analysis for Morocco, it notes that some sectors are classified as “sensitive” in terms of risk, such as construction, transportation, textiles, and metals.
Companies within these sectors are likely to face increased pressures regarding lowered demand, rising production costs, supply issues, or financing challenges.
### Projections for 2026
Although 2025 will see a rise in business failures, the report suggests that 2026 may stabilize at this high level, rather than exhibiting a marked decline, indicating that a phase of “diminishing” or decreasing bankruptcies is not likely to be quick or certain.
This serves as a warning that a swift and comprehensive recovery for weak businesses in Morocco is unlikely and that high levels of pressure will continue until economic or financing conditions improve significantly.
Given the global factors identified in the report—such as trade wars, rising interest rates, and weak external demand—Moroccan enterprises tied to exports or global supply chains face additional risks.
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