Morocco: Amino-Resin Market 2024

Amino-Resin Market Size in Morocco

The Moroccan amino-resin market soared to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw buoyant growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Amino-Resin Exports

Exports from Morocco

In 2022, shipments abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, amino-resin exports fell markedly to $X in 2022. Over the period under review, exports saw a mild shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Algeria (X tons) was the main destination for amino-resin exports from Morocco, accounting for a X% share of total exports. Moreover, amino-resin exports to Algeria exceeded the volume sent to the second major destination, Italy (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Algeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

In value terms, Algeria ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Algeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

The average amino-resin export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Italy ($X 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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Imports

Imports into Morocco

In 2022, the amount of amino-resins, phenolic resins and polyurethanes (in primary forms) imported into Morocco amounted to X tons, picking up by X% compared with the previous year. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, amino-resin imports totaled $X in 2022. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Egypt (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of amino-resin imports to Morocco, with a combined X% share of total imports. Italy, Portugal, Belgium, France, Turkey, China, the Netherlands and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest amino-resin suppliers to Morocco were Germany ($X), Spain ($X) and Italy ($X), with a combined X% share of total imports. Egypt, Belgium, France, Turkey, Portugal, China, the Netherlands and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average amino-resin import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino-resin import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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