Morocco: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Morocco

In 2021, the Moroccan acid and mordant dye market was finally on the rise to reach $X after two years of decline. Overall, consumption saw a relatively flat trend pattern. Acid and mordant dye consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Acid And Mordant Dyes And Preparations Based Thereon in Morocco

In value terms, acid and mordant dye production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Morocco

In 2021, the amount of acid and mordant dyes and preparations based thereon exported from Morocco soared to X tons, rising by 48% compared with the previous year. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, acid and mordant dye exports surged to $X in 2021. Over the period under review, total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 84% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Senegal (X tons), Spain (X tons) and Algeria (X tons) were the main destinations of acid and mordant dye exports from Morocco, together accounting for 82% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +9.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acid and mordant dye exported from Morocco were Senegal ($X), Spain ($X) and Algeria ($X), together accounting for 69% of total exports. These countries were followed by Mauritania, France, Mali and Cote d'Ivoire, which together accounted for a further 27%.

Among the main countries of destination, Mali, with a CAGR of +21.0%, saw the highest growth rate of 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 acid and mordant dye export price amounted to $X per ton, waning by -11.9% against the previous year. Overall, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Spain (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Morocco

In 2021, supplies from abroad of acid and mordant dyes and preparations based thereon was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 69%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of acid and mordant dye imports to Morocco, together accounting for 85% of total imports. These countries were followed by Portugal, France and China, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest acid and mordant dye suppliers to Morocco were India ($X), Spain ($X) and Italy ($X), with a combined 77% share of total imports. France, China and Portugal lagged somewhat behind, together accounting for a further 13%.

Portugal, with a CAGR of +19.3%, recorded the highest rates of growth with regard to 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

The average acid and mordant dye import price stood at $X per ton in 2021, with a decrease of -21.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 38%. The import price peaked at $X per ton in 2020, and then shrank remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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