Morocco: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Morocco

The Moroccan anti-freezing preparations market surged to $X in 2021, picking up by 17% 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, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.2% against 2019 indices. Anti-freezing preparations consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Anti-Freezing Preparations Exports

Exports from Morocco

In 2021, the amount of anti-freezing preparations and prepared de-icing fluids exported from Morocco skyrocketed to X tons, surging by 104% on 2020. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 444%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, anti-freezing preparations exports soared to $X in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 378%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Mauritania (X tons) was the main destination for anti-freezing preparations exports from Morocco, accounting for a 54% share of total exports. Moreover, anti-freezing preparations exports to Mauritania exceeded the volume sent to the second major destination, Burkina Faso (X tons), fourfold. The third position in this ranking was taken by Mali (X tons), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to Mauritania totaled +71.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+95.2% per year) and Mali (+143.9% per year).

In value terms, Mauritania ($X), Burkina Faso ($X) and Mali ($X) appeared to be the largest markets for anti-freezing preparations exported from Morocco worldwide, together accounting for 69% of total exports. These countries were followed by Senegal, Ghana, Guinea, Cote d'Ivoire and Cameroon, which together accounted for a further 29%.

Guinea, with a CAGR of +343.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average anti-freezing preparations export price stood at $X per ton in 2021, picking up by 4.7% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2015 an increase of 34%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Guinea ($X per ton), while the average price for exports to Mauritania ($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 Ghana (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Anti-Freezing Preparations Imports

Imports into Morocco

In 2021, anti-freezing preparations imports into Morocco soared to X tons, surging by 25% on the year before. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations imports surged to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of anti-freezing preparations imports to Morocco, together accounting for 72% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +67.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Spain ($X) and Germany ($X) constituted the largest anti-freezing preparations suppliers to Morocco, with a combined 67% share of total imports. These countries were followed by Italy, France, the United States and Turkey, which together accounted for a further 28%.

In terms of the main suppliers, Italy, with a CAGR of +52.6%, recorded the highest rates of growth with regard to 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 anti-freezing preparations import price amounted to $X per ton, surging by 12% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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