Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Morocco - 2023

Contents:

1. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Morocco (CIF) - 2023
2. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Morocco (FOB) - 2022
3. Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Morocco
4. Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Morocco

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Morocco (CIF) - 2023

In June 2023, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $6,546 per ton, with an increase of 16% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in August 2022 when the average import price increased by 18% m-o-m. The import price peaked at $7,166 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($8,517 per ton), while the price for Egypt ($4,067 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 Egypt (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Morocco (FOB) - 2022

In 2022, the average export price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $3,595 per ton, declining by -70.9% against the previous year. Over the period under review, the export price, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2019 an increase of 1,273% against the previous year. As a result, the export price attained the peak level of $63,609 per ton. From 2020 to 2022, the average export prices remained at a somewhat 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 Cyprus ($15,943 per ton), while the average price for exports to Turkey ($627 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 Cameroon (+67.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Morocco

Imports of paints and varnishes, based on polyesters, non-aqueous medium into Morocco skyrocketed to 3K tons in 2022, picking up by 26% on the year before. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.4% 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 +74.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium skyrocketed to $16M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 43% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Morocco in 2022:

1. France (1482.0 tons)
2. Spain (600.6 tons)
3. Poland (355.4 tons)
4. Italy (279.2 tons)
5. Germany (105.7 tons)
6. South Korea (75.8 tons)

Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Morocco

In 2022, exports of paints and varnishes, based on polyesters, non-aqueous medium from Morocco skyrocketed to 10 tons, increasing by 28% compared with 2021. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,478%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium dropped notably to $36K in 2022. Over the period under review, exports, however, showed a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 1,405% against the previous year.

Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Morocco in 2022:

1. Senegal (4.3 tons)
2. Mauritania (3.6 tons)
3. Turkey (0.9 tons)
4. Cote d'Ivoire (0.5 tons)
5. Spain (0.4 tons)
6. Cyprus (0.3 tons)
7. France (0.2 tons)

Source: IndexBox Market Intelligence Platform