Morocco: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Morocco

The Moroccan medical gel preparations market stood at $X in 2022, remaining constant 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, consumption showed a pronounced expansion. Medical gel preparations consumption peaked in 2022 and is expected to retain growth in the immediate term.

Medical Gel Preparations Exports

Exports from Morocco

In 2022, shipments abroad of gel preparations for human or veterinary medicine decreased by -1.9% to X kg, falling for the third consecutive year after three years of growth. In general, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2017 with an increase of 323%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, medical gel preparations exports skyrocketed to $X in 2022. Overall, exports saw a dramatic downturn. The growth pace was the most rapid in 2018 with an increase of 142%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for medical gel preparations exports from Morocco, accounting for a 93% share of total exports. Moreover, medical gel preparations exports to the Netherlands exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

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

In value terms, the Netherlands ($X) emerged as the key foreign market for gel preparations for human or veterinary medicine exports from Morocco, comprising 95% of total exports. The second position in the ranking was taken by France ($X), with a 2.7% share of total exports.

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

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, jumping by 26% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 2,620% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+50.2%), while the prices for the other major destinations experienced a decline.

Medical Gel Preparations Imports

Imports into Morocco

For the third year in a row, Morocco recorded growth in purchases abroad of gel preparations for human or veterinary medicine, which increased by 5.9% to X tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, medical gel preparations imports reduced to $X in 2022. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 71%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of medical gel preparations to Morocco, accounting for a 60% share of total imports. Moreover, medical gel preparations imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+25.4% per year) and Germany (+3.3% per year).

In value terms, Germany ($X), Italy ($X) and India ($X) constituted the largest medical gel preparations suppliers to Morocco, with a combined 73% share of total imports. Greece, Turkey, Spain, China and France lagged somewhat behind, together comprising a further 13%.

Spain, with a CAGR of +85.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, shrinking by -10.8% against the previous year. Over the period under review, the import price, however, showed a prominent increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 148% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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