Morocco: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in Morocco

In 2022, the Moroccan composite laboratory reagents market decreased by -3.7% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, saw a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Composite Laboratory Reagents Exports

Exports from Morocco

Composite laboratory reagents exports from Morocco soared to X tons in 2022, increasing by 104% on the year before. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 876% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, composite laboratory reagents exports soared to $X in 2022. Overall, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kuwait (X tons) was the main destination for composite laboratory reagents exports from Morocco, with a 65% share of total exports. Moreover, composite laboratory reagents exports to Kuwait exceeded the volume sent to the second major destination, Senegal (X kg), twofold. The third position in this ranking was held by Tunisia (X kg), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+40.6% per year) and Tunisia (+122.4% per year).

In value terms, the largest markets for composite laboratory reagents exported from Morocco were Kuwait ($X), Tunisia ($X) and Rwanda ($X), with a combined 71% share of total exports.

Rwanda, with a CAGR of +122.3%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average composite laboratory reagents export price amounted to $X per ton, jumping by 93% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 348%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Senegal ($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 Cote d'Ivoire (+52.8%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into Morocco

After three years of growth, supplies from abroad of composite diagnostic or laboratory reagents decreased by -3.6% to X tons in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% 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 +42.9% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. Imports peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, composite laboratory reagents imports declined modestly to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 158% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of composite laboratory reagents imports to Morocco, with a combined 42% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +36.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) were the largest composite laboratory reagents suppliers to Morocco, together comprising 38% of total imports. China, Italy, Spain, Hong Kong SAR, the Czech Republic, Austria and Hungary lagged somewhat behind, together accounting for a further 8%.

Hong Kong SAR, with a CAGR of +41.9%, saw 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 composite laboratory reagents import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price continues to indicate slight growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 107%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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