Morocco: Imines Market 2024

Imines Market Size in Morocco

The Moroccan imines market was estimated at $X in 2021, picking up by 12% against the previous year. In general, consumption showed a prominent expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Imines Production in Morocco

In value terms, imines production expanded slightly to $X in 2021 estimated in export price. In general, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Imines Exports

Exports from Morocco

In 2021, overseas shipments of imines and their derivatives and salts thereof decreased by -87.5% to X kg, falling for the third year in a row after three years of decline. Over the period under review, exports continue to indicate a dramatic setback. The smallest decline of -32.4% was in 2019. Over the period under review, the exports reached the maximum at X kg in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, imines exports fell significantly to $X in 2021. In general, exports showed a dramatic downturn. The smallest decline of -34.8% was in 2019. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

France (X kg) was the main destination for imines exports from Morocco, with a 38% share of total exports. Moreover, imines exports to France exceeded the volume sent to the second major destination, Germany (X kg), threefold.

From 2013 to 2021, the average annual growth rate of volume to France was relatively modest.

In value terms, France ($X) emerged as the key foreign market for imines and their derivatives and salts thereof exports from Morocco, comprising 33% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports.

From 2013 to 2021, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

The average imines export price stood at $X per ton in 2021, which is down by -36.6% against the previous year. Overall, the export price recorded a slight contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to France stood at $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-2.2%).

Imines Imports

Imports into Morocco

In 2021, imines imports into Morocco expanded notably to X tons, with an increase of 9.5% compared with 2020. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 81%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, imines imports expanded significantly to $X in 2021. Overall, total imports indicated strong growth from 2015 to 2021: its value increased at an average annual rate of +6.9% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.5% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 48%. As a result, imports attained the peak of $X; afterwards, it flattened through to 2021.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of imines to Morocco, with a 48% share of total imports. Moreover, imines imports from India exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 4.4% share.

From 2015 to 2021, the average annual rate of growth in terms of volume from India totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-12.5% per year) and China (+17.2% per year).

In value terms, the largest imines suppliers to Morocco were India ($X), France ($X) and Spain ($X), with a combined 56% share of total imports.

Spain, with a CAGR of +76.5%, saw 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 2021, the average imines import price amounted to $X per ton, surging by 2.5% against the previous year. Overall, the import price, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2018 an increase of 24%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :