Morocco: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Morocco

The Moroccan heterocyclic compound market rose sharply to $X in 2022, picking up by X% 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, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Heterocyclic Compound Exports

Exports from Morocco

In 2022, shipments abroad of heterocyclic compounds decreased by X% to X kg, falling for the second consecutive year after two years of decline. In general, exports recorded a significant increase. The smallest decline of X% was in 2015. Over the period under review, the exports reached the maximum at X kg in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, heterocyclic compound exports stood at $X in 2022. Overall, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for heterocyclic compound exports from Morocco, accounting for a X% share of total exports. Moreover, heterocyclic compound exports to Germany exceeded the volume sent to the second major destination, Italy (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and India (X% per year).

In value terms, the largest markets for heterocyclic compound exported from Morocco were Italy ($X), Germany ($X) and India ($X), together accounting for X% of total exports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average heterocyclic compound export price amounted to $X per kg, approximately reflecting the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per kg in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per kg), while the average price for exports to Germany ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%).

Heterocyclic Compound Imports

Imports into Morocco

In 2022, the amount of heterocyclic compounds imported into Morocco expanded significantly to X tons, with an increase of X% compared with 2021 figures. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, heterocyclic compound imports reached $X in 2022. In general, imports, however, saw a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of heterocyclic compound to Morocco, accounting for a X% share of total imports. Moreover, heterocyclic compound imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Singapore (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Singapore (X% per year).

In value terms, India ($X) constituted the largest supplier of heterocyclic compounds to Morocco, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Singapore, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average heterocyclic compound import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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