Morocco: Epoxide Resin Market 2024

Epoxide Resin Market Size in Morocco

In 2022, the Moroccan epoxide resin market increased by X% to $X, rising for the seventh year in a row after two years of decline. In general, consumption showed a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Epoxide Resin Exports

Exports from Morocco

In 2022, after four years of decline, there was significant growth in shipments abroad of epoxide resins, when their volume increased by X% to X tons. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, epoxide resin exports soared to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for epoxide resin exports from Morocco, accounting for a X% share of total exports. Moreover, epoxide resin exports to Portugal exceeded the volume sent to the second major destination, Mauritania (X tons), twofold.

From 2013 to 2022, the average annual growth rate of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and Guinea (X% per year).

In value terms, Portugal ($X) emerged as the key foreign market for epoxide resins exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Mauritania ($X), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and Guinea (X% per year).

Export Prices by Country

In 2022, the average epoxide resin export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, export price indicated a perceptible increase from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, epoxide resin export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guinea ($X per ton), while the average price for exports to Mauritania ($X 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 Guinea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Epoxide Resin Imports

Imports into Morocco

In 2022, the amount of epoxide resins imported into Morocco skyrocketed to X tons, jumping by X% on the previous year's figure. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, epoxide resin imports skyrocketed to $X in 2022. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Spain (X tons) and South Korea (X tons) were the main suppliers of epoxide resin imports to Morocco, with a combined X% share of total imports. Egypt, India, Turkey, China, France, Italy, the Netherlands, Taiwan (Chinese) and Saudi Arabia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest epoxide resin suppliers to Morocco were Germany ($X), Spain ($X) and South Korea ($X), together accounting for X% of total imports. Egypt, France, India, China, Turkey, Italy, Taiwan (Chinese), the Netherlands and Saudi Arabia lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers 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 epoxide resin import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Egypt ($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