Morocco: Disperse Dye Market 2024

Disperse Dye Market Size in Morocco

The Moroccan disperse dye market skyrocketed to $X in 2021, increasing by 79% 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 strong increase from 2012 to 2021: its value increased at an average annual rate of +9.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Disperse Dye Exports

Exports from Morocco

Disperse dye exports from Morocco fell slightly to X tons in 2021, remaining constant against the year before. In general, exports, however, saw a temperate expansion. The growth pace was the most rapid in 2014 with an increase of 471%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, disperse dye exports dropped markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 585%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Algeria (X tons) was the main destination for disperse dye exports from Morocco, accounting for a 79% share of total exports. Moreover, disperse dye exports to Algeria exceeded the volume sent to the second major destination, Spain (X tons), eightfold. Senegal (X kg) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Algeria stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+34.2% per year) and Senegal (+11.9% per year).

In value terms, Algeria ($X) remains the key foreign market for disperse dyes and preparations based thereon exports from Morocco, comprising 66% of total exports. The second position in the ranking was held by Spain ($X), with an 11% share of total exports. It was followed by Senegal, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Algeria totaled -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+33.1% per year) and Senegal (+9.2% per year).

Export Prices by Country

In 2021, the average disperse dye export price amounted to $X per ton, dropping by -30.5% against the previous year. Over the period under review, the export price saw a pronounced shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Algeria ($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 Burkina Faso (+8.7%), while the prices for the other major destinations experienced a decline.

Disperse Dye Imports

Imports into Morocco

In 2021, the amount of disperse dyes and preparations based thereon imported into Morocco surged to X tons, growing by 89% compared with the year before. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, disperse dye imports soared to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +10.0% 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.

Imports by Country

In 2021, China (X tons) constituted the largest disperse dye supplier to Morocco, accounting for a 62% share of total imports. Moreover, disperse dye imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Indonesia (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+54.3% per year) and Indonesia (+6.1% per year).

In value terms, China ($X) constituted the largest supplier of disperse dyes and preparations based thereon to Morocco, comprising 56% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports. It was followed by Indonesia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+43.7% per year) and Indonesia (+9.7% per year).

Import Prices by Country

In 2021, the average disperse dye import price amounted to $X per ton, falling by -8.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 33%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 Spain ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+43.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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