Morocco: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Morocco

The Moroccan market for pure polyvinyl chloride in primary forms rose sharply to $X in 2022, growing by 8.5% 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). In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +126.4% against 2016 indices. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Morocco

Exports of pure polyvinyl chloride in primary forms from Morocco soared to X tons in 2022, increasing by 66% on 2021 figures. In general, exports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 4,777%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms soared to $X in 2022. Overall, exports saw a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 3,705% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X tons), China (X tons) and Senegal (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from Morocco, with a combined 90% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +214.1%), while the other leaders experienced a decline.

In value terms, China ($X), Portugal ($X) and Senegal ($X) constituted the largest markets for pure polyvinyl chloride in primary forms exported from Morocco worldwide, together accounting for 88% of total exports.

Among the main countries of destination, China, with a CAGR of +276.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, growing by 13% against the previous year. In general, the export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of 150% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Portugal ($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 (+51.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Morocco

In 2022, imports of pure polyvinyl chloride in primary forms into Morocco totaled X tons, picking up by 2.2% compared with the previous year. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 42% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms stood at $X in 2022. In general, imports saw strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 67% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Egypt (X tons), Russia (X tons) and Ukraine (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Morocco, with a combined 54% share of total imports. Norway, the United States, Turkey, Colombia, Brazil, Spain and Portugal lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +169.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pure polyvinyl chloride in primary forms suppliers to Morocco were Egypt ($X), Russia ($X) and Ukraine ($X), with a combined 54% share of total imports. Norway, Colombia, Turkey, the United States, Brazil, Spain and Portugal lagged somewhat behind, together comprising a further 34%.

Turkey, with a CAGR of +179.6%, saw the highest rates of growth with regard to 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 import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, increasing by 8.9% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pure polyvinyl chloride in primary forms increased by +78.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 63%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Portugal ($X per ton) and Colombia ($X per ton), while the price for Spain ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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