Morocco: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Morocco

The Moroccan pigments, opacifiers and colours market contracted notably to $X in 2022, which is down by -20.7% 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, consumption recorded a relatively flat trend pattern. Pigments, opacifiers and colours consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Morocco

In 2022, shipments abroad of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by -58% to X kg for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 4,888%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, pigments, opacifiers and colours exports declined sharply to $X in 2022. Overall, exports, however, recorded a tangible expansion. The pace of growth appeared the most rapid in 2020 with an increase of 3,622%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X kg), Mauritania (X kg) and Azerbaijan (X kg) were the main destinations of pigments, opacifiers and colours exports from Morocco, with a combined 94% share of total exports. The United States and Italy lagged somewhat behind, together comprising a further 6.2%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +58.1%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for pigments, opacifiers and colours for ceramics, enamelling or glass exports from Morocco, comprising 57% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 21% share of total exports. It was followed by Mauritania, with a 19% share.

From 2013 to 2022, the average annual growth rate of value to Spain stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (0.0% per year) and Mauritania (-51.9% per year).

Export Prices by Country

In 2022, the average pigments, opacifiers and colours export price amounted to $X per ton, increasing by 15% against the previous year. In general, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 176%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+83.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Morocco

In 2022, pigments, opacifiers and colours imports into Morocco dropped dramatically to X tons, waning by -29.2% against the year before. Overall, imports showed a perceptible downturn. The growth pace was the most rapid in 2014 when imports increased by 50%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, pigments, opacifiers and colours imports declined rapidly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest pigments, opacifiers and colours supplier to Morocco, accounting for a 90% share of total imports. Moreover, pigments, opacifiers and colours imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.4% per year) and Italy (-2.2% per year).

In value terms, Spain ($X) constituted the largest supplier of pigments, opacifiers and colours for ceramics, enamelling or glass to Morocco, comprising 86% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 8.8% share of total imports. It was followed by Italy, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.4% per year) and Italy (-3.6% per year).

Import Prices by Country

The average pigments, opacifiers and colours import price stood at $X per ton in 2022, with an increase of 18% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pigments, opacifiers and colours import price increased by +126.6% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 68%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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