Morocco: Market for Organic Surface Active Agents 2024

Market Size for Organic Surface Active Agents in Morocco

The Moroccan organic surface active agent market skyrocketed to $X in 2021, increasing by 23% 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). In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.5% against 2016 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Exports of Organic Surface Active Agents

Exports from Morocco

In 2021, shipments abroad of organic surface active agents decreased by -42.6% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports saw a mild curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 106% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then dropped significantly in the following year.

In value terms, organic surface active agent exports contracted to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 83% against the previous year. The exports peaked at $X in 2020, and then fell in the following year.

Exports by Country

Tunisia (X tons) was the main destination for organic surface active agent exports from Morocco, accounting for a 52% share of total exports. Moreover, organic surface active agent exports to Tunisia exceeded the volume sent to the second major destination, Ecuador (X tons), twofold. Mexico (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tunisia stood at -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (0.0% per year) and Mexico (0.0% per year).

In value terms, Tunisia ($X), Ecuador ($X) and Mexico ($X) constituted the largest markets for organic surface active agent exported from Morocco worldwide, together accounting for 91% of total exports. These countries were followed by Italy, Algeria, Belgium, Mauritania and Egypt, which together accounted for a further 7.2%.

Among the main countries of destination, Italy, with a CAGR of +0.8%, 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

The average organic surface active agent export price stood at $X per ton in 2021, jumping by 54% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Mauritania ($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 Greece (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Surface Active Agents

Imports into Morocco

For the third year in a row, Morocco recorded growth in overseas purchases of organic surface active agents, which increased by 7.2% to X tons in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.8% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, organic surface active agent imports soared to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.9% against 2016 indices. The growth pace was the most rapid in 2014 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of organic surface active agent to Morocco, with a 26% share of total imports. Moreover, organic surface active agent imports from Spain exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+16.6% per year) and India (+19.1% per year).

In value terms, Spain ($X) constituted the largest supplier of organic surface active agents to Morocco, comprising 22% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.9% share of total imports. It was followed by Egypt, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.1% per year) and Egypt (+25.9% per year).

Import Prices by Country

The average organic surface active agent import price stood at $X per ton in 2021, rising by 14% against the previous year. Overall, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of 16%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform