Morocco: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Morocco

The Moroccan hexamethylenediamine and ethylenediamine market skyrocketed to $X in 2021, rising by 26% 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, however, continues to indicate a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Morocco

In 2018, after two years of decline, there was significant decline in overseas shipments of hexamethylenediamine and its salts, ethylenediamine and its salts, when their volume decreased by -54.4% to X kg. In general, exports, however, posted a significant increase. Over the period under review, the exports hit record highs at X kg in 2017, and then fell notably in the following year.

In value terms, hexamethylenediamine and ethylenediamine exports dropped markedly to $X in 2018. Overall, exports, however, posted a significant expansion. Over the period under review, the exports attained the maximum at $X in 2017, and then reduced rapidly in the following year.

Exports by Country

Tunisia (X kg) was the main destination for hexamethylenediamine and ethylenediamine exports from Morocco, with a 80% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to Tunisia exceeded the volume sent to the second major destination, Ethiopia (X kg), eightfold.

From 2015 to 2018, the average annual rate of growth in terms of volume to Tunisia amounted to -63.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (0.0% per year) and Burkina Faso (0.0% per year).

In value terms, Tunisia ($X) remains the key foreign market for hexamethylenediamine and its salts, ethylenediamine and its salts exports from Morocco, comprising 51% of total exports. The second position in the ranking was taken by Ethiopia ($X), with a 23% share of total exports.

From 2015 to 2018, the average annual rate of growth in terms of value to Tunisia stood at -61.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (0.0% per year) and Burkina Faso (0.0% per year).

Export Prices by Country

The average hexamethylenediamine and ethylenediamine export price stood at $X per ton in 2018, rising by 67% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2018, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+7.3%).

Hexamethylenediamine And Ethylenediamine Imports

Imports into Morocco

In 2021, approx. X tons of hexamethylenediamine and its salts, ethylenediamine and its salts were imported into Morocco; growing by 25% against 2020 figures. In general, imports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2018 with an increase of 375% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hexamethylenediamine and ethylenediamine imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2018 when imports increased by 322%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of hexamethylenediamine and ethylenediamine to Morocco, with a 53% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by Portugal (X kg), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+36.2% per year) and Portugal (0.0% per year).

In value terms, the largest hexamethylenediamine and ethylenediamine suppliers to Morocco were the United Arab Emirates ($X), Portugal ($X) and Turkey ($X), together accounting for 51% of total imports.

Among the main suppliers, Turkey, with a CAGR of +51.2%, recorded the highest rates of growth with regard to 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 hexamethylenediamine and ethylenediamine import price amounted to $X per ton, flattening at the previous year. In general, the import price, however, saw a mild descent. The most prominent rate of growth was recorded in 2019 an increase of 17%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for the United Arab Emirates ($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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