Report Update Nov 1, 2024

Morocco - Artificial and Prepared Waxes of Polyethylene Glycol - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Morocco

The Moroccan polyethylene glycol wax market dropped dramatically to $X in 2021, which is down by -28.8% 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 recorded a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Polyethylene Glycol Wax Exports

Exports from Morocco

For the third year in a row, Morocco recorded growth in shipments abroad of artificial and prepared waxes of polyethylene glycol, which increased by 29% to X tons in 2021. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of 82% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, polyethylene glycol wax exports shrank to $X in 2021. In general, exports showed a strong increase. The growth pace was the most rapid in 2015 when exports increased by 143%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Senegal (X tons) was the main destination for polyethylene glycol wax exports from Morocco, with a approx. 100% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to Senegal amounted to +68.4%.

In value terms, Senegal ($X) also remains the key foreign market for artificial and prepared waxes of polyethylene glycol exports from Morocco.

From 2014 to 2021, the average annual rate of growth in terms of value to Senegal totaled +52.3%.

Export Prices by Country

In 2021, the average polyethylene glycol wax export price amounted to $X per ton, waning by -28.9% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 100% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2014 to 2021, the rate of growth in terms of prices for Algeria amounted to +4.9% per year.

Polyethylene Glycol Wax Imports

Imports into Morocco

In 2021, the amount of artificial and prepared waxes of polyethylene glycol imported into Morocco dropped sharply to X tons, with a decrease of -31.9% compared with 2020. In general, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 122%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, polyethylene glycol wax imports contracted remarkably to $X in 2021. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 76% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of polyethylene glycol wax imports to Morocco, with a combined 51% share of total imports. These countries were followed by Belgium, Russia, France and the United States, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +18.8%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to Morocco, comprising 27% of total imports. The second position in the ranking was taken by Belgium ($X), with a 9.9% share of total imports. It was followed by Spain, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-5.2% per year) and Spain (-18.7% per year).

Import Prices by Country

The average polyethylene glycol wax import price stood at $X per ton in 2021, increasing by 14% against the previous year. Overall, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 58% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Saudi Arabia ($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 (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial and prepared waxes of polyethylene glycol in the world?

China constituted the country with the largest volume of polyethylene glycol wax consumption, accounting for 25% of total volume. Moreover, polyethylene glycol wax consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the largest producers of artificial and prepared waxes of polyethylene glycol in the world?

China remains the largest polyethylene glycol wax producing country worldwide, comprising approx. 24% of total volume. Moreover, polyethylene glycol wax production in China exceeded the figures recorded by the second-largest producer, South Korea, twofold. The United States ranked third in terms of total production with an 11% share.

What are the leading suppliers of artificial and prepared waxes of polyethylene glycol to Morocco?

In value terms, Italy constituted the largest supplier of polyethylene glycol wax to Morocco, comprising 32% of total imports. The second position in the ranking was occupied by Saudi Arabia, with a 14% share of total imports. It was followed by Belgium, with a 12% share.

What is the average export price for artificial and prepared waxes of polyethylene glycol in Morocco?

In 2020, the average polyethylene glycol wax export price amounted to $16,400 per ton, with an increase of 279% against the previous year.

What is the average import price for artificial and prepared waxes of polyethylene glycol in Morocco?

In 2021, the average polyethylene glycol wax import price amounted to $4,586 per ton, dropping by -15.2% against the previous year.

This report provides an in-depth analysis of the polyethylene glycol wax market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20414270 - Artificial and prepared waxes of polyethylene glycol

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023