Morocco: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Morocco

The Moroccan market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid soared to $X in 2022, picking up by 45% 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). In general, consumption saw a relatively flat trend pattern. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports from Morocco

In 2022, after eight years of growth, there was significant decline in shipments abroad of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid, when their volume decreased by -98.7% to X kg. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 387% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then declined remarkably in the following year.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid shrank rapidly to $X in 2022. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 575% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Mauritania (X kg) was the main destination for exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Morocco, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Mauritania was relatively modest.

In value terms, Mauritania ($X) emerged as the key foreign market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exports from Morocco.

From 2012 to 2022, the average annual growth rate of value to Mauritania was relatively modest.

Export Prices by Country

The average export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $X per ton in 2022, increasing by 23% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Guinea amounted to -13.8% per year.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports into Morocco

In 2022, approx. X tons of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid were imported into Morocco; growing by 26% against the year before. Overall, imports, however, recorded a slight shrinkage. The growth pace was the most rapid in 2017 when imports increased by 45% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid surged to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 54%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Morocco, accounting for a 46% share of total imports. Moreover, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Vietnam exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.6% per year) and the Netherlands (+19.7% per year).

In value terms, Vietnam ($X) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Morocco, comprising 43% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam totaled +54.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+44.3% per year) and Turkey (+15.5% per year).

Import Prices by Country

In 2022, the average import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X per ton, rising by 20% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid increased by +90.2% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 31%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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