Morocco: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Morocco

The Moroccan metal pickling preparations market soared to $X in 2021, surging by 46% 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). Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +70.9% against 2019 indices. Metal pickling preparations consumption peaked in 2021 and is likely to see gradual growth in years to come.

Metal Pickling Preparations Exports

Exports from Morocco

In 2021, the amount of pickling preparations for metal surfaces exported from Morocco declined markedly to X tons, falling by -60.5% compared with 2020 figures. In general, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by 629% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal pickling preparations exports fell to $X in 2021. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2013 when exports increased by 3,389%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X kg), Mauritania (X kg) and Tunisia (X kg) were the main destinations of metal pickling preparations exports from Morocco, with a combined 49% share of total exports. These countries were followed by Germany, Cote d'Ivoire, Equatorial Guinea and France, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +187.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Tunisia ($X) and Spain ($X) were the largest markets for metal pickling preparations exported from Morocco worldwide, together accounting for 69% of total exports.

Among the main countries of destination, Germany, with a CAGR of +139.4%, saw the highest rates of growth with regard to 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 metal pickling preparations export price stood at $X per ton in 2021, jumping by 123% against the previous year. Overall, the export price recorded significant growth. The growth pace was the most rapid in 2013 an increase of 379% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Equatorial Guinea ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Spain (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports into Morocco

Metal pickling preparations imports into Morocco totaled X tons in 2021, picking up by 15% compared with the previous year's figure. Overall, total imports indicated a moderate increase from 2012 to 2021: its volume 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 +36.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 53% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, metal pickling preparations imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Romania (X tons), Germany (X tons) and France (X tons) were the main suppliers of metal pickling preparations imports to Morocco, with a combined 74% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +266.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Romania ($X) and Germany ($X) appeared to be the largest metal pickling preparations suppliers to Morocco, together comprising 64% of total imports.

Among the main suppliers, Romania, with a CAGR of +275.3%, saw 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

The average metal pickling preparations import price stood at $X per ton in 2021, increasing by 42% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal pickling preparations import price increased by +81.1% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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