Morocco: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Morocco

In 2022, the Moroccan ethylene polymer bag market decreased by -8.1% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, posted resilient growth. Ethylene polymer bag consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ethylene Polymer Bag Exports

Exports from Morocco

In 2022, the amount of sacks and bags of polymers of ethylene exported from Morocco dropped remarkably to X tons, reducing by -70.3% against the year before. Over the period under review, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 64%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ethylene polymer bag exports shrank remarkably to $X in 2022. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 102% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal (X tons), Mauritania (X tons) and France (X tons) were the main destinations of ethylene polymer bag exports from Morocco, with a combined 67% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +13.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethylene polymer bag exported from Morocco were Senegal ($X), France ($X) and Mauritania ($X), together accounting for 61% of total exports.

Senegal, with a CAGR of +31.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ethylene polymer bag export price stood at $X per ton in 2022, picking up by 40% against the previous year. Over the period under review, the export price continues to indicate resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mauritania ($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 Senegal (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports into Morocco

In 2022, supplies from abroad of sacks and bags of polymers of ethylene decreased by -12.9% to X tons, falling for the second year in a row after four years of growth. Overall, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 36% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, ethylene polymer bag imports dropped to $X in 2022. In general, imports, however, saw a notable increase. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest ethylene polymer bag supplier to Morocco, accounting for a 67% share of total imports. Moreover, ethylene polymer bag imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. The third position in this ranking was held by China (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.2% per year) and China (+7.3% per year).

In value terms, Spain ($X) constituted the largest supplier of sacks and bags of polymers of ethylene to Morocco, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 9.6% share of total imports. It was followed by France, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.2% per year) and France (-3.9% per year).

Import Prices by Country

The average ethylene polymer bag import price stood at $X per ton in 2022, surging by 5.6% against the previous year. In general, the import price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Turkey ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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