Morocco: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Morocco

The Moroccan adhesive bandage market soared to $X in 2022, with an increase of 72% 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 showed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Adhesive Bandage Exports

Exports from Morocco

Adhesive bandage exports from Morocco soared to X tons in 2022, picking up by 254% compared with the year before. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 700% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, adhesive bandage exports surged to $X in 2022. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 781%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

France (X tons) was the main destination for adhesive bandage exports from Morocco, accounting for a 66% share of total exports. Moreover, adhesive bandage exports to France exceeded the volume sent to the second major destination, Mauritania (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+29.2% per year) and Gabon (+50.0% per year).

In value terms, France ($X) remains the key foreign market for adhesive bandages exports from Morocco, comprising 82% of total exports. The second position in the ranking was held by Mauritania ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France totaled +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+31.4% per year) and Gabon (+49.7% per year).

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, with an increase of 24% against the previous year. Overall, the export price recorded measured growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to Mauritania ($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 China (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Morocco

Adhesive bandage imports into Morocco skyrocketed to X tons in 2022, increasing by 83% against the previous year. Over the period under review, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, adhesive bandage imports surged to $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +109.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of adhesive bandage to Morocco, accounting for a 38% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.5% per year) and Spain (+17.4% per year).

In value terms, the largest adhesive bandage suppliers to Morocco were France ($X), China ($X) and Germany ($X), with a combined 60% share of total imports. These countries were followed by Spain, the United States, Egypt, Italy, Portugal and the Czech Republic, which together accounted for a further 32%.

The United States, with a CAGR of +31.1%, saw the highest growth rate of 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 adhesive bandage import price stood at $X per ton in 2022, reducing by -7.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 16% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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