Morocco: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Morocco

The Moroccan odoriferous substance mixture market reduced modestly to $X in 2022, which is down by -3% 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, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Odoriferous Substance Mixture Exports

Exports from Morocco

In 2022, shipments abroad of mixtures of odoriferous substances and their preparations decreased by -14.6% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 150%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports shrank markedly to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 191%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Mauritania (X tons) was the main destination for odoriferous substance mixture exports from Morocco, with a 49% share of total exports. Moreover, odoriferous substance mixture exports to Mauritania exceeded the volume sent to the second major destination, Guinea (X tons), twofold. The third position in this ranking was taken by Cote d'Ivoire (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania amounted to +51.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (+38.0% per year) and Cote d'Ivoire (+30.2% per year).

In value terms, the largest markets for odoriferous substance mixture exported from Morocco were France ($X), Mauritania ($X) and Guinea ($X), together accounting for 82% of total exports.

Among the main countries of destination, Mauritania, with a CAGR of +65.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, dropping by -9.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Guinea-Bissau ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Morocco

In 2022, the amount of mixtures of odoriferous substances and their preparations imported into Morocco fell to X tons, which is down by -5.1% against the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, odoriferous substance mixture imports fell slightly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Spain (X tons), France (X tons) and Ireland (X tons) were the main suppliers of odoriferous substance mixture imports to Morocco, with a combined 65% share of total imports. Germany, the Netherlands, the UK, Turkey and Switzerland lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +36.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Morocco were Ireland ($X), France ($X) and Spain ($X), together accounting for 67% of total imports. Germany, the Netherlands, Switzerland, the UK and Turkey lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Turkey, with a CAGR of +37.3%, saw the highest growth rate of 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 2022, the average odoriferous substance mixture import price amounted to $X per ton, growing by 2.3% against the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 5.8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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