Morocco: Market for Oil And Water Paints And Varnishes 2025

Market Size for Oil And Water Paints And Varnishes in Morocco

The Moroccan market for oil and water paints and varnishes dropped remarkably to $X in 2021, waning by -52.3% 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, saw pronounced growth. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted sharply in the following year.

Exports of Oil And Water Paints And Varnishes

Exports from Morocco

In 2021, overseas shipments of oil and water paints and varnishes decreased by -73% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports faced a sharp descent. The growth pace was the most rapid in 2018 when exports increased by 156%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of oil and water paints and varnishes contracted notably to $X in 2021. In general, exports showed a significant contraction. The pace of growth was the most pronounced in 2017 when exports increased by 98%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X tons) was the main destination for exports of oil and water paints and varnishes from Morocco, accounting for a 86% share of total exports. Moreover, exports of oil and water paints and varnishes to Benin exceeded the volume sent to the second major destination, Spain (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Benin stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-10.7% per year) and Tunisia (-52.7% per year).

In value terms, Benin ($X) emerged as the key foreign market for oil and water paints and varnishes exports from Morocco, comprising 95% of total exports. The second position in the ranking was taken by Spain ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Benin amounted to +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-16.7% per year) and Tunisia (-42.2% per year).

Export Prices by Country

In 2021, the average export price for oil and water paints and varnishes amounted to $X per ton, picking up by 44% against the previous year. Overall, the export price saw a prominent increase. The growth pace was the most rapid in 2013 an increase of 90% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Benin ($X per ton), while the average price for exports to Tunisia ($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 Tunisia (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports into Morocco

Imports of oil and water paints and varnishes into Morocco declined rapidly to X tons in 2021, which is down by -51.6% against 2020. In general, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of 148% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of oil and water paints and varnishes declined notably to $X in 2021. Overall, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2016 with an increase of 77%. Over the period under review, imports of hit record highs at $X in 2020, and then declined significantly in the following year.

Imports by Country

Spain (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of imports of oil and water paints and varnishes to Morocco, together accounting for 72% of total imports. These countries were followed by Turkey, Poland, France, the United Arab Emirates, China and Portugal, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +126.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) were the largest oil and water paints and varnishes suppliers to Morocco, with a combined 62% share of total imports. France, Turkey, Poland, the United Arab Emirates, China and Portugal lagged somewhat behind, together comprising a further 29%.

Poland, with a CAGR of +98.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for oil and water paints and varnishes amounted to $X per ton, shrinking by -3% against the previous year. Overall, the import price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2018 an increase of 81% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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