Morocco: Amino-Resin Market 2024

Amino-Resin Market Size in Morocco

The Moroccan amino-resin market surged to $X in 2022, increasing by X% 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). Overall, consumption saw a strong expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Amino-Resin Exports

Exports from Morocco

In 2022, after four years of growth, there was significant decline in overseas shipments of amino-resins, phenolic resins and polyurethanes (in primary forms), when their volume decreased by X% to X tons. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, amino-resin exports shrank dramatically to $X in 2022. Over the period under review, exports saw a slight contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria (X tons) was the main destination for amino-resin exports from Morocco, accounting for a X% share of total exports. Moreover, amino-resin exports to Algeria exceeded the volume sent to the second major destination, Italy (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Algeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

In value terms, Algeria ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Algeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

The average amino-resin export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained 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 Spain ($X per ton), while the average price for exports to Italy ($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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Imports

Imports into Morocco

In 2022, imports of amino-resins, phenolic resins and polyurethanes (in primary forms) into Morocco reached X tons, picking up by X% against the previous year. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2013 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, amino-resin imports stood at $X in 2022. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Egypt (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of amino-resin imports to Morocco, together accounting for X% of total imports. Italy, Portugal, Belgium, France, Turkey, China, the Netherlands and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Italy ($X) were the largest amino-resin suppliers to Morocco, together comprising X% of total imports. Egypt, Belgium, France, Turkey, Portugal, China, the Netherlands and the UK lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded 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 amino-resin import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino-resin import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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