Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Morocco - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Morocco (CIF) - 2023
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Morocco (FOB) - 2022
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Morocco
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Morocco
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Morocco (CIF) - 2023
The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $5,948 per ton in June 2023, waning by -8.7% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 18% month-to-month. The import price peaked at $6,513 per ton in May 2023, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($9,835 per ton), while the price for China ($2,482 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 Germany (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Morocco (FOB) - 2022
The average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $3,932 per ton in 2022, growing by 4.3% against the previous year. In general, the export price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of 31%. Over the period under review, the average export prices attained the peak figure at $4,753 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($6,526 per ton), while the average price for exports to Senegal ($1,917 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Morocco
In 2022, approx. 4.6K tons of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium were imported into Morocco; with an increase of 11% against the previous year's figure. The total import volume increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 20%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium skyrocketed to $26M in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.3 | 1.7 | 3.9 | 8.4 | 86.3% |
| Germany | 2.0 | 2.4 | 3.9 | 5.5 | 40.1% |
| Portugal | 2.0 | 2.0 | 2.1 | 1.8 | -3.5% |
| Spain | 1.3 | 1.4 | 1.3 | 1.4 | 2.5% |
| China | 1.4 | 0.5 | 0.9 | 1.2 | -5.0% |
| Turkey | 0.4 | 0.6 | 0.5 | 1.1 | 40.1% |
| Netherlands | 0.6 | 0.6 | 1.2 | 1.0 | 18.6% |
| United Kingdom | 0.4 | 0.8 | 1.0 | 1.0 | 35.7% |
| Italy | 0.9 | 0.6 | 0.9 | 0.8 | -3.9% |
| South Korea | N/A | 0.7 | 0.6 | 0.7 | 0.0% |
| Sweden | N/A | 0.3 | 0.6 | 0.6 | 41.4% |
| Belgium | 0.9 | 0.6 | 0.4 | 0.6 | -12.6% |
| Egypt | 0.4 | 0.3 | 0.5 | 0.4 | 0.0% |
| Others | 1.2 | 1.1 | 1.7 | 1.7 | 12.3% |
| Total | 12.6 | 13.5 | 19.7 | 26.2 | 27.6% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Morocco in 2022:
- France (1407.7 tons)
- Germany (781.7 tons)
- Portugal (492.0 tons)
- Spain (451.2 tons)
- Turkey (217.5 tons)
- Sweden (165.1 tons)
- Netherlands (152.8 tons)
- Italy (144.8 tons)
- South Korea (121.9 tons)
- Belgium (117.8 tons)
- China (104.4 tons)
- United Kingdom (102.4 tons)
- Egypt (82.3 tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Morocco
In 2022, approx. 162 tons of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium were exported from Morocco; waning by -47.8% compared with the year before. In general, exports recorded a precipitous decline. The smallest decline of -1.3% was in 2021.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium dropped sharply to $638K in 2022. Over the period under review, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 53.7 | 115 | 507 | 227 | 61.7% |
| Mauritania | 59.8 | 13.0 | 41.3 | 125 | 27.9% |
| Senegal | 570 | 221 | 38.5 | 60.4 | -52.7% |
| Congo | 51.9 | 18.6 | 338 | 52.0 | 0.1% |
| Guinea | 0.1 | 1.7 | 4.8 | 39.4 | 633.1% |
| Cote d'Ivoire | 41.9 | 38.9 | 54.1 | 28.8 | -11.7% |
| France | 10.5 | 32.6 | 25.4 | 25.1 | 33.7% |
| Mali | 194 | 339 | 0.2 | 7.1 | -66.8% |
| Portugal | 115 | 67.5 | 48.1 | N/A | -35.3% |
| Others | 114 | 58.2 | 115 | 72.6 | -14.0% |
| Total | 1,212 | 905 | 1,172 | 638 | -19.3% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Morocco in 2022:
- Algeria (42.0 tons)
- Senegal (31.5 tons)
- Congo (26.0 tons)
- Mauritania (19.2 tons)
- Cote d'Ivoire (11.5 tons)
- Guinea (7.7 tons)
- France (6.8 tons)
- Mali (3.4 tons)
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