Morocco: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Morocco

The Moroccan market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021, picking up by 23% 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). The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Morocco

Exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Morocco soared to X tons in 2021, jumping by 46% on 2020 figures. In general, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 112% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 106%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Senegal (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Morocco, accounting for a 83% share of total exports. Moreover, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Senegal exceeded the volume sent to the second major destination, Mauritania (X tons), tenfold. The third position in this ranking was held by Germany (X tons), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to Senegal totaled +103.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-14.7% per year) and Germany (-5.3% per year).

In value terms, Senegal ($X) emerged as the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Morocco, comprising 66% of total exports. The second position in the ranking was held by Madagascar ($X), with a 10% share of total exports. It was followed by Mauritania, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Senegal stood at +99.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Madagascar (+113.2% per year) and Mauritania (-8.4% per year).

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, surging by 3.8% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by -0.2% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 120% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while the average price for exports to Cameroon ($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 Algeria (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Morocco

In 2021, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) into Morocco amounted to X tons, increasing by 4.5% on 2020 figures. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 19% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), Belgium (X tons) and Spain (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Morocco, together comprising 55% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +65.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Morocco were Saudi Arabia ($X), Belgium ($X) and the United States ($X), together accounting for 44% of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +48.9%, saw 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

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, surging by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2013 an increase of 19%. As a result, import price attained the peak level of $X per ton. From 2014 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, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform