Morocco: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Morocco

The Moroccan market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium fell to $X in 2022, remaining constant against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 7.6% against the previous year. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Morocco

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 6.5%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Morocco

In 2022, overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -15.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 66%. Over the period under review, the exports of attained the maximum at X tons in 2021, and then contracted markedly in the following year.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped markedly to $X in 2022. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 86%. The exports peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Senegal (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Morocco, with a 42% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Senegal exceeded the volume sent to the second major destination, Congo (X tons), threefold. The third position in this ranking was held by Cote d'Ivoire (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Senegal amounted to +45.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+17.8% per year) and Cote d'Ivoire (+36.0% per year).

In value terms, Senegal ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Morocco, comprising 41% of total exports. The second position in the ranking was taken by Mali ($X), with a 12% share of total exports. It was followed by Congo, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Senegal totaled +47.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+61.9% per year) and Congo (+27.3% per year).

Export Prices by Country

The average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium stood at $X per ton in 2022, reducing by -6.3% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 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 Chad ($X per ton), while the average price for exports to Comoros ($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 Congo (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Morocco

Imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium into Morocco declined remarkably to X tons in 2022, which is down by -21.2% compared with the previous year. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 57%. Over the period under review, imports of attained the peak figure at X tons in 2021, and then declined rapidly in the following year.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium dropped dramatically to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 55% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium supplier to Morocco, with a 53% share of total imports. Moreover, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+32.3% per year) and Spain (-1.9% per year).

In value terms, France ($X) constituted the largest supplier of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Morocco, comprising 41% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.5% per year) and Spain (+0.3% per year).

Import Prices by Country

In 2022, the average import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, waning by -7.3% against the previous year. Overall, the import price saw a mild contraction. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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