Morocco: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Morocco

The Moroccan vulcanised rubber erases market dropped markedly to $X in 2021, falling by -64% 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 perceptible setback. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Vulcanised Rubber Erases Exports

Exports from Morocco

In 2021, approx. X kg of erasers of vulcanised rubber were exported from Morocco; reducing by -62.9% compared with the previous year's figure. Over the period under review, exports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,000% against the previous year. The exports peaked at X kg in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports dropped significantly to $X in 2021. In general, exports, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2013 when exports increased by 489% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X kg), Mauritania (X kg) and Lebanon (X kg) were the main destinations of vulcanised rubber erases exports from Morocco, together comprising 85% of total exports. Moreover, vulcanised rubber erases exports in Spain exceeded the figures recorded by the second-largest exporter, Mauritania, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +22.0%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for erasers of vulcanised rubber exports from Morocco, comprising 85% of total exports. The second position in the ranking was held by Lebanon ($X), with a 6.2% share of total exports. It was followed by Mauritania, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (0.0% per year) and Mauritania (+8.0% per year).

Export Prices by Country

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, with an increase of 89% against the previous year. In general, the export price posted a mild expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 419% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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 Spain ($X per ton), while the average price for exports to Mauritania ($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 Cote d'Ivoire (+17.0%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Erases Imports

Imports into Morocco

In 2021, purchases abroad of erasers of vulcanised rubber decreased by -75.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 43%. As a result, imports reached the peak of X tons, and then fell significantly in the following year.

In value terms, vulcanised rubber erases imports contracted significantly to $X in 2021. Over the period under review, imports showed a mild curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 47% against the previous year. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

China (X tons), France (X tons) and Malaysia (X tons) were the main suppliers of vulcanised rubber erases imports to Morocco, with a combined 74% share of total imports. These countries were followed by the UK, Spain, South Korea and Romania, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +74.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and the UK ($X) were the largest vulcanised rubber erases suppliers to Morocco, with a combined 66% share of total imports.

The UK, with a CAGR of +75.2%, 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 vulcanised rubber erases import price stood at $X per ton in 2021, jumping by 84% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases import price increased by +75.5% against 2018 indices. As a result, import price attained the peak level 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 Romania ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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