Morocco: Abs Copolymers Market 2024

Abs Copolymers Market Size in Morocco

The Moroccan ABS copolymers market soared to $X in 2021, rising by 38% 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). In general, consumption recorded prominent growth. Consumption peaked in 2021 and is expected to retain growth in the immediate term.

Abs Copolymers Exports

Exports from Morocco

In 2021, shipments abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms decreased by -69.7% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 54,372%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, ABS copolymers exports contracted markedly to $X in 2021. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 37,822% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for ABS copolymers exports from Morocco, accounting for a 89% share of total exports. Moreover, ABS copolymers exports to France exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+24.9% per year) and Portugal (-59.6% per year).

In value terms, France ($X) emerged as the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from Morocco, comprising 88% of total exports. The second position in the ranking was taken by Spain ($X), with an 8.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+31.2% per year) and Portugal (-52.8% per year).

Export Prices by Country

In 2021, the average ABS copolymers export price amounted to $X per ton, growing by 5.9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 70% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Portugal ($X per ton), while the average price for exports to France ($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 Portugal (+16.8%), while the prices for the other major destinations experienced mixed trend patterns.

Abs Copolymers Imports

Imports into Morocco

In 2021, purchases abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms increased by 6.4% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2015 when imports increased by 50%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, ABS copolymers imports surged to $X in 2021. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 50% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Saudi Arabia (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of ABS copolymers imports to Morocco, with a combined 60% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +198.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Belgium ($X) and Spain ($X) were the largest ABS copolymers suppliers to Morocco, with a combined 58% share of total imports. Germany, France, Italy, the Netherlands, Austria, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 37%.

Germany, with a CAGR of +173.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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 ABS copolymers import price stood at $X per ton in 2021, surging by 37% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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 ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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