Morocco: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2022

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Morocco

In 2021, after three years of decline, there was significant growth in the Moroccan market for paint, distemper, varnish or similar brushes, paint pads and rollers, when its value increased by 6.8% to $X. Overall, consumption continues to indicate a perceptible slump. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Morocco

In value terms, production of paint, distemper, varnish or similar brushes, paint pads and rollers totaled $X in 2021 estimated in export price. Overall, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28%. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth remained at a lower figure.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Morocco

For the third year in a row, Morocco recorded decline in overseas shipments of paint, distemper, varnish or similar brushes, paint pads and rollers, which decreased by -3.9% to X units in 2021. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 283%. Over the period under review, the exports of attained the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 231% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Morocco, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +27.5%.

In value terms, Spain ($X) also remains the key foreign market for paint, distemper, varnish or similar brush, paint pad and roller exports from Morocco.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +26.9%.

Export Prices by Country

In 2021, the average export price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, increasing by 86% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -0.5% per year.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Morocco

Imports of paint, distemper, varnish or similar brushes, paint pads and rollers into Morocco reduced sharply to X units in 2021, dropping by -15.5% on 2020 figures. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 92% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers declined to $X in 2021. Overall, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 69%. Over the period under review, imports of reached the peak figure at $X in 2020, and then declined in the following year.

Imports by Country

Spain (X units), China (X units) and Italy (X units) were the main suppliers of imports of paint, distemper, varnish or similar brushes, paint pads and rollers to Morocco, together accounting for 89% of total imports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +56.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paint, distemper, varnish or similar brush, paint pad and roller suppliers to Morocco were Spain ($X), China ($X) and Italy ($X), with a combined 89% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +58.9%, recorded the highest rates of growth with regard to 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

The average import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, with an increase of 8.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2019 an increase of 33% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from China ($X per unit) and the Czech Republic ($X per unit), while the price for Italy ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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