Morocco - Insecticides - Market Analysis, Forecast, Size, Trends and Insights
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View PricingInsecticide Price in Morocco - 2022
Contents:
- Insecticide Price in Morocco (CIF) - 2022
- Insecticide Price in Morocco (FOB) - 2022
- Insecticide Imports in Morocco
- Insecticide Exports in Morocco
Insecticide Price in Morocco (CIF) - 2022
The average insecticide import price stood at $8,841 per ton in December 2022, declining by -17% against the previous month. Overall, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 106% against the previous month. Over the period under review, average import prices attained the maximum at $13,019 per ton in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was France ($41,495 per ton), while the price for Argentina ($2,721 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 China (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Insecticide Price in Morocco (FOB) - 2022
The average insecticide export price stood at $26,183 per ton in 2022, reducing by -36.4% against the previous year. Over the period under review, export price indicated a mild increase from 2015 to 2022: its price increased at an average annual rate of +1.0% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, insecticide export price decreased by -7.1% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 60%. As a result, the export price reached the peak level of $41,188 per ton, and then shrank notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Madagascar ($223,690 per ton), while the average price for exports to Canada ($8,420 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+997.2%), while the prices for the other major destinations experienced more modest paces of growth.
Insecticide Imports in Morocco
In 2022, purchases abroad of insecticides decreased by -52.6% to 12K tons, falling for the second year in a row after two years of growth. Overall, imports showed a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. As a result, imports reached the peak of 29K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, insecticide imports fell rapidly to $95M in 2022. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of $186M, and then shrank remarkably in the following year.
Import of Insecticide in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 12.4 | 17.5 | 22.1 | 23.5 | 23.8% |
France | 5.5 | 6.4 | 9.1 | 12.1 | 30.1% |
United States | 9.3 | 7.5 | 8.9 | 10.1 | 2.8% |
China | 4.9 | 6.4 | 12.0 | 9.7 | 25.6% |
India | 10.1 | 12.3 | 7.6 | 8.8 | -4.5% |
Germany | 6.1 | 6.0 | 9.2 | 4.7 | -8.3% |
Italy | 2.1 | 3.0 | 3.6 | 3.1 | 13.9% |
Argentina | N/A | N/A | 0.6 | 2.2 | 266.7% |
Belgium | 6.1 | 6.5 | 4.2 | 2.1 | -29.9% |
Denmark | 1.3 | 1.3 | 1.5 | 1.4 | 2.5% |
Others | 86.1 | 94.7 | 107 | 17.1 | -41.7% |
Total | 144 | 162 | 186 | 94.6 | -13.1% |
Top Suppliers of Insecticide to Morocco in 2022:
- Spain (6.3K tons)
- India (1.0K tons)
- France (0.8K tons)
- China (0.8K tons)
- Belgium (0.7K tons)
- Italy (0.5K tons)
- Argentina (0.5K tons)
- United States (0.3K tons)
- Denmark (0.2K tons)
- Germany (0.2K tons)
Insecticide Exports in Morocco
In 2022, overseas shipments of insecticides decreased by -71.8% to 30 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 119%. As a result, the exports reached the peak of 174 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, insecticide exports reduced notably to $787K in 2022. Overall, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2020 with an increase of 103% against the previous year. As a result, the exports reached the peak of $4.5M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Insecticide in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mauritania | 54.2 | 118 | 110 | 247 | 65.8% |
Senegal | 528 | 600 | 437 | 158 | -33.1% |
Madagascar | N/A | N/A | N/A | 112 | 0% |
Libya | 8.6 | 110 | 12.5 | 96.3 | 123.7% |
Canada | N/A | N/A | N/A | 13.7 | 0% |
Niger | N/A | 174 | N/A | N/A | 0% |
Chad | N/A | 174 | N/A | N/A | 0% |
Others | 1,615 | 3,302 | 3,831 | 160 | -53.7% |
Total | 2,206 | 4,477 | 4,390 | 787 | -29.1% |
Top Export Markets for Insecticide from Morocco in 2022:
- Mauritania (14.3 tons)
- Senegal (3.8 tons)
- Libya (2.7 tons)
- Canada (1.6 tons)
- Madagascar (0.5 tons)
This report provides an in-depth analysis of the insecticide market 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 20201130 - Insecticides based on chlorinated hydrocarbons, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201140 - Insecticides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201150 - Insecticides based on organophosphorus products, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201160 - Insecticides based on pyrethroids, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201190 - Other insecticides
- Prodcom 20201100 -
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
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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
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