Morocco: Polycarbonate Market 2022

Polycarbonate Market Size in Morocco

After five years of growth, the Moroccan polycarbonate market decreased by -X% to $X in 2021. In general, consumption, however, showed strong growth. Over the period under review, the market hit record highs at $X in 2020, and then contracted modestly in the following year.

Polycarbonate Exports

Exports from Morocco

Polycarbonate exports from Morocco reduced markedly to X tons in 2021, declining by -X% compared with 2020 figures. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2020, and then declined rapidly in the following year.

In value terms, polycarbonate exports reduced markedly to $X in 2021. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2020, and then reduced markedly in the following year.

Exports by Country

Italy (X tons) was the main destination for polycarbonate exports from Morocco, with a X% share of total exports. Moreover, polycarbonate exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), twofold. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Hong Kong SAR (+X% per year).

In value terms, the largest markets for polycarbonate exported from Morocco were Italy ($X), Spain ($X) and Germany ($X), together comprising X% of total exports. These countries were followed by Hong Kong SAR, which accounted for a further X terms of the main countries of destination, Hong Kong SAR, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polycarbonate export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced a decline.

Polycarbonate Imports

Imports into Morocco

In 2021, purchases abroad of polycarbonates (in primary forms) decreased by -X% to X tons for the first time since 2015, thus ending a five-year rising trend. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then declined modestly in the following year.

In value terms, polycarbonate imports reduced to $X in 2021. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Saudi Arabia (X tons) were the main suppliers of polycarbonate imports to Morocco, with a combined X% share of total imports. These countries were followed by Spain, the Netherlands, Belgium and France, which together accounted for a further X 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarbonate suppliers to Morocco were Italy ($X), Germany ($X) and Saudi Arabia ($X), with a combined X% share of total imports. These countries were followed by the Netherlands, Spain, France and Belgium, which together accounted for a further X 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

The average polycarbonate import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform