Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Morocco - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Morocco (CIF) - 2023
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Morocco (FOB) - 2022
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Morocco
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Morocco

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Morocco (CIF) - 2023

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $3,565 per ton in June 2023, growing by 15% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Portugal ($7,166 per ton), while the price for Italy ($3,111 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Portugal (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Morocco (FOB) - 2022

The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $1,923 per ton in 2022, reducing by -42.5% against the previous year. Over the period under review, the export price, however, saw a mild increase. The pace of growth was the most pronounced in 2021 an increase of 152%. As a result, the export price attained the peak level of $3,344 per ton, and then fell remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($3,873 per ton), while the average price for exports to Spain totaled $1,329 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+17.1%).

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Morocco

In 2022, approx. 7.5K tons of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips were imported into Morocco; rising by 25% on the previous year's figure. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips surged to $24M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Morocco in 2022:

1. Spain (3.6K tons)
2. Italy (1.8K tons)
3. France (0.7K tons)
4. Portugal (0.6K tons)
5. United Kingdom (0.5K tons)
6. Germany (0.1K tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Morocco

In 2022, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from Morocco fell notably to 11 tons, declining by -31.8% on 2021. In general, exports showed a sharp shrinkage.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips shrank remarkably to $21K in 2022. Overall, exports recorded a dramatic decrease.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Morocco in 2022:

1. Spain (12.5 tons)
2. Italy (1.0 tons)

Source: IndexBox Market Intelligence Platform