Morocco: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Morocco

The Moroccan market for polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted modestly to $X in 2022, falling by -4.7% against the previous year. Overall, consumption recorded a mild decline. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Morocco

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell modestly to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 47%. As a result, production reached the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Morocco

In 2022, after seven years of growth, there was significant decline in shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume decreased by -8.3% to X tons. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 148%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted to $X in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2016 when exports increased by 163%. Over the period under review, the exports of reached the maximum at $X in 2021, and then fell in the following year.

Exports by Country

France (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Morocco, accounting for a 80% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to France exceeded the volume sent to the second major destination, Senegal (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +63.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+10.7% per year) and China (+40.4% per year).

In value terms, France ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Morocco, comprising 84% of total exports. The second position in the ranking was held by Senegal ($X), with a 9.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France amounted to +75.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+2.8% per year) and China (+43.2% per year).

Export Prices by Country

In 2022, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, approximately reflecting the previous year. In general, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 6.1% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to China ($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 (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Morocco

Imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms into Morocco dropped markedly to X tons in 2022, with a decrease of -15.3% compared with 2021. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 44%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Oman (X tons), India (X tons) and Egypt (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Morocco, together accounting for 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +11.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Oman ($X), India ($X) and Egypt ($X) constituted the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Morocco, with a combined 82% share of total imports.

Among the main suppliers, Egypt, with a CAGR of +9.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, dropping by -2% against the previous year. In general, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 5.2%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Arab Emirates ($X per ton), while the price for Oman ($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 Arab Emirates (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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