Morocco: Alcohols Market 2021

Alcohols Market Size in Morocco

After four years of growth, the Moroccan alcohols market decreased by -X% to $X in 2020. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2019, and then declined significantly in the following year.

Alcohols Exports

Exports from Morocco

In 2020, after three years of growth, there was significant decline in overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume decreased by -X% to X tons. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, alcohols exports contracted to $X in 2020. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Mauritania (X tons) was the main destination for alcohols exports from Morocco, with a X% share of total exports. Moreover, alcohols exports to Mauritania exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fourfold. India (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Mauritania amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and India (+X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for alcohols exports from Morocco, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by Mauritania, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Hong Kong SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Mauritania (-X% per year).

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price enjoyed a resilient expansion. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Morocco

In 2020, after two years of growth, there was significant decline in overseas purchases of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume decreased by -X% to X tons. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked at X tons in 2019, and then shrank markedly in the following year.

In value terms, alcohols imports shrank markedly to $X in 2020. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2019, and then fell remarkably in the following year.

Imports by Country

Spain (X tons), Germany (X tons) and France (X tons) were the main suppliers of alcohols imports to Morocco, with a combined X% share of total imports. Sweden, Malaysia, the Netherlands, the U.S., Saudi Arabia, China, Belgium, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest alcohols suppliers to Morocco were Germany ($X), Spain ($X) and France ($X), together accounting for X% of total imports. These countries were followed by Sweden, the Netherlands, Italy, Malaysia, the U.S., China, Saudi Arabia, Belgium and the United Arab Emirates, which together accounted for a further X saw the highest growth rate of 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 alcohols import price stood at $X per ton in 2020, declining by -X% against the previous year. Overall, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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