Morocco: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Morocco

The Moroccan expansible polystyrene market surged to $X in 2021, jumping by 50% 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). Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. 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.

Expansible Polystyrene Exports

Exports from Morocco

Expansible polystyrene exports from Morocco skyrocketed to X tons in 2021, picking up by 194% compared with 2020 figures. Overall, exports posted prominent growth. The growth pace was the most rapid in 2013 with an increase of 1,514%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, expansible polystyrene exports surged to $X in 2021. In general, exports continue to indicate a modest increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,228%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Algeria (X tons) was the main destination for expansible polystyrene exports from Morocco, with a 84% share of total exports. Moreover, expansible polystyrene exports to Algeria exceeded the volume sent to the second major destination, Mauritania (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Algeria was relatively modest.

In value terms, Algeria ($X) emerged as the key foreign market for expansible polystyrene in primary forms exports from Morocco, comprising 76% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Algeria was relatively modest.

Export Prices by Country

In 2021, the average expansible polystyrene export price amounted to $X per ton, reducing by -38.9% against the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of 54%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Algeria stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (-3.7%).

Expansible Polystyrene Imports

Imports into Morocco

In 2021, the amount of expansible polystyrene in primary forms imported into Morocco skyrocketed to X tons, picking up by 16% on the previous year's figure. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +114.2% against 2013 indices. The growth pace was the most rapid in 2014 when imports increased by 37% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, expansible polystyrene imports surged to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.1% 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

China (X tons), Turkey (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of expansible polystyrene imports to Morocco, with a combined 79% share of total imports. These countries were followed by Saudi Arabia, Belgium, France, the United Arab Emirates, the Netherlands and Egypt, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +924.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Taiwan (Chinese) ($X) appeared to be the largest expansible polystyrene suppliers to Morocco, with a combined 81% share of total imports. These countries were followed by Belgium, Saudi Arabia, France, the Netherlands, the United Arab Emirates and Egypt, which together accounted for a further 14%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +1,115.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average expansible polystyrene import price amounted to $X per ton, surging by 45% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 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 Egypt ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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