Morocco: Citric Acid Market 2024

Citric Acid Market Size in Morocco

In 2021, the Moroccan citric acid market increased by 7.1% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.5% 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 of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Citric Acid Exports

Exports from Morocco

In 2021, the amount of citric acid and its salts and esters exported from Morocco skyrocketed to X tons, picking up by 2,053% compared with 2020. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 45,942%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, citric acid exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 28,892% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Senegal (X tons) was the main destination for citric acid exports from Morocco, accounting for a 66% share of total exports. Moreover, citric acid exports to Senegal exceeded the volume sent to the second major destination, Mauritania (X tons), twofold. Egypt (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Senegal stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+89.4% per year) and Egypt (0.0% per year).

In value terms, Senegal ($X) emerged as the key foreign market for citric acid and its salts and esters exports from Morocco, comprising 67% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 26% share of total exports. It was followed by Egypt, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to Senegal stood at +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+82.2% per year) and Egypt (0.0% per year).

Export Prices by Country

The average citric acid export price stood at $X per ton in 2021, reducing by -50.2% against the previous year. Over the period under review, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of 206%. As a result, the export price attained the peak level of $X per ton, and then dropped significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Mauritania ($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 South Africa (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Citric Acid Imports

Imports into Morocco

Citric acid imports into Morocco declined notably to X tons in 2021, reducing by -16.9% on the previous year. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 32% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, citric acid imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 40% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest citric acid supplier to Morocco, with a 52% share of total imports. Moreover, citric acid imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was held by Austria (X tons), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+13.2% per year) and Austria (-0.3% per year).

In value terms, the largest citric acid suppliers to Morocco were China ($X), Belgium ($X) and Germany ($X), together comprising 69% of total imports. These countries were followed by Austria, Spain, Ireland and the Netherlands, which together accounted for a further 24%.

In terms of the main suppliers, the Netherlands, with a CAGR of +34.2%, recorded 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

The average citric acid import price stood at $X per ton in 2021, growing by 47% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for China ($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 Netherlands (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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