Report Update Nov 1, 2024

Morocco - Methacrylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in Morocco

In 2022, after two years of decline, there was significant growth in the Moroccan methacrylic acid market, when its value increased by 446% to $X. In general, consumption, however, recorded a drastic downturn. Methacrylic acid consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Methacrylic Acid Exports

Exports from Morocco

In 2019, approx. X kg of methacrylic acid and its salts were exported from Morocco; surging by 2.7% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.7% over the period from 2018 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, methacrylic acid exports rose remarkably to $X in 2019. The total export value increased at an average annual rate of +9.9% over the period from 2018 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X kg) was the main destination for methacrylic acid exports from Morocco, with a approx. 50% share of total exports.

From 2018 to 2019, the average annual rate of growth in terms of volume to Spain totaled -48.6%.

In value terms, Spain ($X) also remains the key foreign market for methacrylic acid and its salts exports from Morocco.

From 2018 to 2019, the average annual rate of growth in terms of value to Spain stood at -45.0%.

Export Prices by Country

In 2019, the average methacrylic acid export price amounted to $X per ton, picking up by 7.1% against the previous year. Over the last one years, it increased at an average annual rate of +7.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2018 to 2019, the rate of growth in terms of prices for Spain amounted to +7.1% per year.

Methacrylic Acid Imports

Imports into Morocco

In 2022, overseas purchases of methacrylic acid and its salts increased by 294% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, methacrylic acid imports skyrocketed to $X in 2022. In general, imports saw a temperate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X tons) constituted the largest methacrylic acid supplier to Morocco, with a 70% share of total imports. Moreover, methacrylic acid imports from the UK exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +54.0%.

In value terms, the largest methacrylic acid suppliers to Morocco were Turkey ($X) and the UK ($X).

In terms of the main suppliers, the UK, with a CAGR of +53.1%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average methacrylic acid import price amounted to $X per ton, increasing by 152% against the previous year. Over the period under review, the import price posted a resilient increase. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, 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 Turkey ($X per ton), while the price for the UK totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+33.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for methacrylic acid and its salts in the world?

The country with the largest volume of methacrylic acid consumption was Germany, accounting for 39% of total volume. Moreover, methacrylic acid consumption in Germany exceeded the figures recorded by the second-largest consumer, France, threefold. Malaysia ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of methacrylic acid and its salts in the world?

The country with the largest volume of methacrylic acid production was Germany, comprising approx. 56% of total volume. Moreover, methacrylic acid production in Germany exceeded the figures recorded by the second-largest producer, South Korea, fourfold. Thailand ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of methacrylic acid and its salts to Morocco?

In value terms, Spain, China and the Netherlands $407) appeared to be the largest methacrylic acid suppliers to Morocco, with a combined 92% share of total imports.

What are the leading importers of methacrylic acid and its salts from Morocco?

In value terms, Spain $105) remains the key foreign market for methacrylic acid exports from Morocco.

What is the average export price for methacrylic acid and its salts in Morocco?

The average methacrylic acid export price stood at $5,526 per ton in 2019, picking up by 7.1% against the previous year.

What is the average import price for methacrylic acid and its salts in Morocco?

The average methacrylic acid import price stood at $2,394 per ton in 2021, flattening at the previous year.

This report provides an in-depth analysis of the methacrylic acid market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143330 - Methacrylic acid and its salts

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023