Report Update Nov 1, 2024

Morocco - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Formaldehyde Market 2024

Formaldehyde Market Size in Morocco

In 2022, the Moroccan formaldehyde market decreased by -3% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Formaldehyde Exports

Exports from Morocco

In 2022, exports of formaldehyde from Morocco stood at X kg, remaining constant against 2021. Over the period under review, exports recorded a significant decrease. The smallest decline of -28.7% was in 2020. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, formaldehyde exports amounted to $X in 2022. Overall, exports recorded a sharp setback. The smallest decline of -37.6% was in 2020. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritania (X kg) and Guinea (X kg) were the main destinations of formaldehyde exports from Morocco.

From 2019 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guinea (with a CAGR of 0.0%).

From 2019 to 2022, the average annual rate of growth in terms of value to Mauritania stood at -25.6%.

Export Prices by Country

In 2022, the average formaldehyde export price amounted to $X per ton, approximately equating the previous year. In general, the export price recorded significant growth. The most prominent rate of growth was recorded in 2020 when the average export price decreased by -12.4%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Guinea stood at $X per ton.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+529.5%).

Formaldehyde Imports

Imports into Morocco

In 2022, supplies from abroad of formaldehyde decreased by -19.9% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 44% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, formaldehyde imports stood at $X in 2022. Overall, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2013 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Spain (X tons), Egypt (X tons) and Portugal (X tons) were the main suppliers of formaldehyde imports to Morocco, together accounting for 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +16.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), Egypt ($X) and Portugal ($X) constituted the largest formaldehyde suppliers to Morocco, together comprising 85% of total imports.

Portugal, with a CAGR of +19.3%, recorded 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 mixed trend patterns.

Import Prices by Country

The average formaldehyde import price stood at $X per ton in 2022, picking up by 25% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Saudi Arabia ($X per ton) and Portugal ($X per ton), while the price for Egypt ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for formaldehyde in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 47% share of global consumption.

What are the largest producers of formaldehyde in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 47% of global production. These countries were followed by Japan, Russia, Brazil, Indonesia, Pakistan, Mexico, Italy, the Netherlands, Hungary and Germany, which together accounted for a further 30%.

What are the leading suppliers of formaldehyde to Morocco?

In value terms, Spain constituted the largest supplier of formaldehyde to Morocco, comprising 61% of total imports. The second position in the ranking was occupied by Saudi Arabia, with an 11% share of total imports. It was followed by India, with a 9.9% share.

What is the average export price for formaldehyde in Morocco?

In 2020, the average formaldehyde export price amounted to $342 per ton, with a decrease of -12.5% against the previous year.

What is the average import price for formaldehyde in Morocco?

The average formaldehyde import price stood at $448 per ton in 2021, with an increase of 4.9% against the previous year.

This report provides an in-depth analysis of the formaldehyde 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 20146111 - Methanal (formaldehyde)

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