Morocco: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Morocco

The Moroccan ethylene-vinyl acetate copolymers market surged to $X in 2022, picking up by 23% 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, however, showed a strong increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Morocco

In 2022, overseas shipments of ethylene-vinyl acetate copolymers in primary forms decreased by -87.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 171% against the previous year. The exports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, ethylene-vinyl acetate copolymers exports declined markedly to $X in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 131% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Senegal (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Morocco, with a 78% share of total exports. Moreover, ethylene-vinyl acetate copolymers exports to Senegal exceeded the volume sent to the second major destination, Spain (X tons), fourfold.

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

In value terms, Spain ($X) emerged as the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Morocco, comprising 73% of total exports. The second position in the ranking was held by Senegal ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain stood at -15.1%.

Export Prices by Country

The average ethylene-vinyl acetate copolymers export price stood at $X per ton in 2022, which is down by -3.3% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2019 an increase of 37%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, 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 Spain ($X per ton), while the average price for exports to Senegal totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+179.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Morocco

Ethylene-vinyl acetate copolymers imports into Morocco reduced modestly to X tons in 2022, dropping by -4.7% on 2021. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.1% against 2017 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 81%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers imports surged to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 75%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), China (X tons) and Portugal (X tons) were the main suppliers of ethylene-vinyl acetate copolymers imports to Morocco, together accounting for 48% of total imports. Spain, Turkey, Belgium, Saudi Arabia, the United States, Sweden, Germany and Egypt lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +61.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of ethylene-vinyl acetate copolymers in primary forms to Morocco, comprising 29% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Spain, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from South Korea totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.3% per year) and Spain (-0.2% per year).

Import Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers import price amounted to $X per ton, picking up by 33% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene-vinyl acetate copolymers import price increased by +65.0% against 2020 indices. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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