Morocco: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Morocco

In 2021, the Moroccan market for liquid or compressed air and distilled or conductivity water was finally on the rise to reach $X after six years of decline. Over the period under review, consumption, however, continues to indicate a deep setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Morocco

In value terms, liquid air and distilled water production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Morocco

In 2021, exports of liquid or compressed air and distilled or conductivity water from Morocco soared to X kg, with an increase of 382% compared with the previous year. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 637%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, liquid air and distilled water exports surged to $X in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 547% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for liquid air and distilled water exports from Morocco, with a 38% share of total exports. Moreover, liquid air and distilled water exports to France exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold. The third position in this ranking was held by Mauritania (X kg), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at +284.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+93.2% per year) and Mauritania (+20.1% per year).

In value terms, France ($X) emerged as the key foreign market for liquid or compressed air and distilled or conductivity water exports from Morocco, comprising 31% of total exports. The second position in the ranking was held by Germany ($X), with a 9.3% share of total exports. It was followed by the Netherlands, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +76.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+64.3% per year) and the Netherlands (+90.2% per year).

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, standing approx. at the previous year. Overall, the export price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2019 when the average export price increased by 70% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+59.8%), while the prices for the other major destinations experienced a decline.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Morocco

Liquid air and distilled water imports into Morocco fell to X tons in 2021, with a decrease of -2.6% against 2020. Overall, imports showed a slight decline. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, liquid air and distilled water imports surged to $X in 2021. The total import value increased at an average annual rate of +8.6% from 2015 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 26%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Israel (X tons) was the main supplier of liquid air and distilled water to Morocco, accounting for a approx. 99% share of total imports.

From 2015 to 2021, the average annual rate of growth in terms of volume from Israel stood at -1.7%.

In value terms, Israel ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Morocco.

From 2015 to 2021, the average annual rate of growth in terms of value from Israel amounted to +5.0%.

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, picking up by 25% against the previous year. Over the period under review, import price indicated a remarkable increase from 2015 to 2021: its price increased at an average annual rate of +10.2% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid air and distilled water import price increased by +91.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 39% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Israel.

From 2015 to 2021, the rate of growth in terms of prices for Israel amounted to +6.8% per year.

Source: IndexBox Platform

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