Morocco: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Morocco

The Moroccan medicaments containing vitamins market soared to $X in 2022, increasing 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). Overall, consumption showed perceptible growth. Medicaments containing vitamins consumption peaked in 2022 and is expected to retain growth in the immediate term.

Medicaments Containing Vitamins Exports

Exports from Morocco

In 2022, overseas shipments of medicaments containing vitamins and provitamins decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped remarkably in the following year.

In value terms, medicaments containing vitamins exports declined remarkably to $X in 2022. In general, exports, however, continue to indicate a resilient increase. 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 2021, and then fell markedly in the following year.

Exports by Country

France (X tons) was the main destination for medicaments containing vitamins exports from Morocco, with a X% share of total exports. Moreover, medicaments containing vitamins exports to France exceeded the volume sent to the second major destination, Mauritania (X tons), fourfold. Senegal (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and Senegal (X% per year).

In value terms, France ($X) remains the key foreign market for medicaments containing vitamins and provitamins exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Mauritania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and Mauritania (X% per year).

Export Prices by Country

In 2022, the average medicaments containing vitamins export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated a temperate increase 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, medicaments containing vitamins export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

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

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Medicaments Containing Vitamins Imports

Imports into Morocco

In 2022, the amount of medicaments containing vitamins and provitamins imported into Morocco skyrocketed to X tons, rising by X% against 2021 figures. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, medicaments containing vitamins imports fell markedly to $X in 2022. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

Spain (X tons), France (X tons) and Italy (X tons) were the main suppliers of medicaments containing vitamins imports to Morocco, together comprising X% of total imports. Belgium, Austria and India lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X) constituted the largest supplier of medicaments containing vitamins and provitamins to Morocco, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Spain (X% per year).

Import Prices by Country

The average medicaments containing vitamins import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then dropped rapidly in the following year.

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 India ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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