Morocco - Polishes for Coachwork - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMorocco: Polishes For Coachwork Market 2024
Polishes For Coachwork Market Size in Morocco
After three years of growth, the Moroccan polishes for coachwork market decreased by -7.1% to $X in 2022. Over the period under review, consumption saw strong growth. As a result, consumption attained the peak level of $X, and then fell in the following year.
Polishes For Coachwork Exports
Exports from Morocco
In 2022, the amount of polishes for coachwork exported from Morocco contracted notably to X tons, which is down by -31.5% compared with 2021 figures. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 24,989%. As a result, the exports reached the peak of X tons, and then contracted significantly in the following year.
In value terms, polishes for coachwork exports reduced remarkably to $X in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 29,422% against the previous year. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.
Exports by Country
Tunisia (X tons) was the main destination for polishes for coachwork exports from Morocco, accounting for a 49% share of total exports. Moreover, polishes for coachwork exports to Tunisia exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), threefold. Mali (X kg) ranked third in terms of total exports with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Tunisia stood at +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+39.5% per year) and Mali (0.0% per year).
In value terms, Tunisia ($X) remains the key foreign market for polishes for coachwork exports from Morocco, comprising 78% of total exports. The second position in the ranking was held by Mali ($X), with a 5.8% share of total exports. It was followed by Cote d'Ivoire, with a 4.6% share.
From 2012 to 2022, the average annual rate of growth in terms of value to Tunisia stood at +36.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (0.0% per year) and Cote d'Ivoire (+21.1% per year).
Export Prices by Country
The average polishes for coachwork export price stood at $X per ton in 2022, which is down by -37.7% against the previous year. In general, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 27% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Cote d'Ivoire ($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 France (+38.0%), while the prices for the other major destinations experienced mixed trend patterns.
Polishes For Coachwork Imports
Imports into Morocco
In 2022, approx. X tons of polishes for coachwork were imported into Morocco; increasing by 7.4% compared with the previous year's figure. In general, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.7% against 2018 indices. The pace of growth was the most pronounced in 2014 when imports increased by 74% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, polishes for coachwork imports reduced to $X in 2022. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.
Imports by Country
China (X tons), Spain (X tons) and Turkey (X tons) were the main suppliers of polishes for coachwork imports to Morocco, with a combined 70% share of total imports.
From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +43.5%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest polishes for coachwork suppliers to Morocco were Turkey ($X), Spain ($X) and China ($X), with a combined 63% share of total imports.
Turkey, with a CAGR of +52.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average polishes for coachwork import price stood at $X per ton in 2022, which is down by -16.9% 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 +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polishes for coachwork import price decreased by -18.2% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($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 United States (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the polishes for coachwork market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20414370 - Polishes and similar preparations, for coachwork (excluding artificial and prepared waxes, metal polishes)
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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