Morocco: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Morocco

The Moroccan market for plastic plates, sheets, film, foil and strip surged to $X in 2021, increasing by 21% 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 a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.1% 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 +90.4% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Morocco

In 2021, the amount of plastic plates, sheets, film, foil and strip exported from Morocco surged to X tons, with an increase of 34% compared with 2020. Overall, total exports indicated a prominent expansion from 2012 to 2021: its volume 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, exports increased by +61.8% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of plastic plates, sheets, film, foil and strip surged to $X in 2021. In general, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from Morocco, with a 66% share of total exports. Moreover, exports of plastic plates, sheets, film, foil and strip to Spain exceeded the volume sent to the second major destination, Turkey (X tons), sixfold. The third position in this ranking was held by Mauritania (X tons), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+146.5% per year) and Mauritania (+31.9% per year).

In value terms, Spain ($X) remains the key foreign market for plastic plates, sheets, film, foil and strip exports from Morocco, comprising 80% of total exports. The second position in the ranking was taken by Turkey ($X), with a 5% share of total exports. It was followed by Mauritania, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+134.5% per year) and Mauritania (+31.1% per year).

Export Prices by Country

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, jumping by 32% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic plates, sheets, film, foil and strip increased by +96.2% against 2015 indices. 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Tunisia ($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 Cote d'Ivoire (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Morocco

In 2021, the amount of plastic plates, sheets, film, foil and strip imported into Morocco expanded significantly to X tons, surging by 6.5% on 2020. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Over the period under review, imports of reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of plastic plates, sheets, film, foil and strip soared to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.0% 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 +92.5% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Saudi Arabia (X tons) and Turkey (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Morocco, with a combined 46% share of total imports. These countries were followed by Egypt, France, the United Arab Emirates, Germany, China, Italy, Portugal, Tunisia, Belgium and Poland, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +149.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Saudi Arabia ($X) and Turkey ($X) were the largest plastic plate, sheet, film, foil and strip suppliers to Morocco, together comprising 43% of total imports. France, Egypt, Germany, the United Arab Emirates, Belgium, China, Italy, Portugal, Tunisia and Poland lagged somewhat behind, together accounting for a further 45%.

Among the main suppliers, Poland, with a CAGR of +101.5%, 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 import price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, picking up by 17% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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