Morocco: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Morocco

The Moroccan market for prepared glues and other prepared adhesives soared to $X in 2021, jumping by 23% 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). The market value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Morocco

In 2021, shipments abroad of prepared glues and other prepared adhesives increased by 30% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 258%. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of prepared glues and other prepared adhesives soared to $X in 2021. Overall, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mauritania (X tons) was the main destination for exports of prepared glues and other prepared adhesives from Morocco, accounting for a 57% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to Mauritania exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), fivefold. The third position in this ranking was held by Senegal (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mauritania totaled +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+28.4% per year) and Senegal (+24.0% per year).

In value terms, Mauritania ($X) remains the key foreign market for prepared glues and other prepared adhesives exports from Morocco, comprising 49% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 13% share of total exports. It was followed by Senegal, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Mauritania stood at +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+18.1% per year) and Senegal (+21.4% per year).

Export Prices by Country

In 2021, the average export price for prepared glues and other prepared adhesives amounted to $X per ton, increasing by 43% against the previous year. Overall, the export price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2016 an increase of 66% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mauritania ($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 Algeria (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Morocco

In 2021, the amount of prepared glues and other prepared adhesives imported into Morocco skyrocketed to X tons, surging by 21% on 2020. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.5% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of prepared glues and other prepared adhesives surged to $X in 2021. The total import value increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), France (X tons) and Turkey (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Morocco, together comprising 58% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +49.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives suppliers to Morocco were Spain ($X), Germany ($X) and France ($X), together accounting for 52% of total imports. These countries were followed by Turkey, Italy, Portugal and China, which together accounted for a further 35%.

In terms of the main suppliers, Turkey, with a CAGR of +45.5%, saw the highest rates of growth with regard to 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

In 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, picking up by 2.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.1%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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