Morocco: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Morocco

The Moroccan oxygen-function amino-compound market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +12.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Oxygen-function amino-compound consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Oxygen-Function Amino-Compound Exports

Exports from Morocco

In 2021, overseas shipments of oxygen-function amino-compounds increased by 73% to X tons, rising for the second consecutive year after four years of decline. In general, exports showed tangible growth. The pace of growth appeared the most rapid in 2015 when exports increased by 560% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, oxygen-function amino-compound exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by 370%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for oxygen-function amino-compound exports from Morocco, with a 84% share of total exports. It was followed by Algeria (X kg), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Portugal stood at +371.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (-23.7% per year) and France (-56.3% per year).

In value terms, Portugal ($X) emerged as the key foreign market for oxygen-function amino-compounds exports from Morocco, comprising 58% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal amounted to +206.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-29.5% per year) and Algeria (-42.4% per year).

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2021, reducing by -7.1% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 582%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Portugal ($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 France (+61.3%), while the prices for the other major destinations experienced a decline.

Oxygen-Function Amino-Compound Imports

Imports into Morocco

After two years of decline, purchases abroad of oxygen-function amino-compounds increased by 37% to X tons in 2021. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 154% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, oxygen-function amino-compound imports soared to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest oxygen-function amino-compound supplier to Morocco, accounting for a 13% share of total imports. Moreover, oxygen-function amino-compound imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. India (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +53.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+8,338.7% per year) and India (+17.6% per year).

In value terms, the largest oxygen-function amino-compound suppliers to Morocco were China ($X), India ($X) and Switzerland ($X), together accounting for 49% of total imports. These countries were followed by France, Germany, Belgium, Spain, the Netherlands, the United States and Thailand, which together accounted for a further 16%.

In terms of the main suppliers, Thailand, with a CAGR of +529.0%, recorded 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 2021, the average oxygen-function amino-compound import price amounted to $X per ton, waning by -5.1% against the previous year. Overall, the import price faced a deep downturn. The growth pace was the most rapid in 2016 an increase of 12%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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