Price for Styrene Polymers; Waste, Parings and Scrap in Morocco - 2023

Contents:

1. Price for Styrene Polymers; Waste, Parings and Scrap in Morocco (FOB) - 2022
2. Price for Styrene Polymers; Waste, Parings and Scrap in Morocco (CIF) - 2022
3. Exports of Styrene Polymers; Waste, Parings and Scrap in Morocco
4. Imports of Styrene Polymers; Waste, Parings and Scrap in Morocco

Price for Styrene Polymers; Waste, Parings and Scrap in Morocco (FOB) - 2022

In 2022, the average export price for styrene polymers; waste, parings and scraps amounted to $530 per ton, falling by -11.9% against the previous year. Over the period under review, the export price, however, saw a mild increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the maximum at $679 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($842 per ton), while the average price for exports to Hong Kong SAR ($144 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Styrene Polymers; Waste, Parings and Scrap in Morocco (CIF) - 2022

The average import price for styrene polymers; waste, parings and scraps stood at $398 per ton in 2022, declining by -23.9% against the previous year. Overall, the import price recorded a deep contraction. Over the period under review, average import prices attained the peak figure at $664 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2017 to 2022, the rate of growth in terms of prices for France amounted to -14.7% per year.

Exports of Styrene Polymers; Waste, Parings and Scrap in Morocco

For the third year in a row, Morocco recorded decline in shipments abroad of styrene polymers; waste, parings and scraps, which decreased by -27.3% to 163 tons in 2022. Overall, exports showed a abrupt downturn. The smallest decline of -4.3% was in 2020.

In value terms, exports of styrene polymers; waste, parings and scraps dropped remarkably to $87K in 2022. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 2.5%. As a result, the exports reached the peak of $164K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Morocco in 2022:

1. Germany (62.6 tons)
2. Spain (40.9 tons)
3. Hong Kong SAR (29.7 tons)
4. Italy (27.9 tons)

Imports of Styrene Polymers; Waste, Parings and Scrap in Morocco

In 2022, imports of styrene polymers; waste, parings and scraps into Morocco surged to 27 tons, jumping by 51% compared with 2021 figures. Overall, total imports indicated a significant expansion from 2021 to 2022: its volume increased at an average annual rate of +51.2% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of styrene polymers; waste, parings and scraps soared to $11K in 2022. The total import value increased at an average annual rate of +15.1% from 2021 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Morocco in 2022:

1. France (27.2 tons)

Source: IndexBox Market Intelligence Platform