Morocco: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Morocco

In 2022, the Moroccan non-cellular polystyrene film market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption saw tangible growth. Non-cellular polystyrene film consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Non-Cellular Polystyrene Film Exports

Exports from Morocco

In 2022, shipments abroad of non-cellular polystyrene films, sheets, foil and strip increased by 5.2% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2015 with an increase of 403%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-cellular polystyrene film exports dropped to $X in 2022. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 100% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mauritania (X tons), France (X tons) and Senegal (X kg) were the main destinations of non-cellular polystyrene film exports from Morocco, together comprising 98% of total exports.

From 2013 to 2022, the biggest increases were recorded for France (with a CAGR of +10.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Mauritania ($X) emerged as the key foreign market for non-cellular polystyrene films, sheets, foil and strip exports from Morocco, comprising 71% of total exports. The second position in the ranking was held by France ($X), with a 20% share of total exports. It was followed by Senegal, with a 5.8% share.

From 2013 to 2022, the average annual growth rate of value to Mauritania stood at -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.7% per year) and Senegal (-15.6% per year).

Export Prices by Country

In 2022, the average non-cellular polystyrene film export price amounted to $X per ton, shrinking by -10.8% against the previous year. Overall, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 90%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+34.2%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Cellular Polystyrene Film Imports

Imports into Morocco

In 2022, purchases abroad of non-cellular polystyrene films, sheets, foil and strip was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a temperate increase. The pace of growth was the most pronounced in 2015 with an increase of 44% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-cellular polystyrene film imports expanded remarkably to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 57%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of non-cellular polystyrene film to Morocco, accounting for a 50% share of total imports. Moreover, non-cellular polystyrene film imports from Portugal exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Oman (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal stood at +48.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-9.7% per year) and Oman (+33.4% per year).

In value terms, Portugal ($X) constituted the largest supplier of non-cellular polystyrene films, sheets, foil and strip to Morocco, comprising 44% of total imports. The second position in the ranking was taken by Spain ($X), with a 20% share of total imports. It was followed by France, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal totaled +36.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-6.7% per year) and France (-5.8% per year).

Import Prices by Country

The average non-cellular polystyrene film import price stood at $X per ton in 2022, picking up by 3.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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