Morocco: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Morocco

In 2021, the Moroccan market for caustic soda in the solid form decreased by -41.5% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, saw a pronounced increase. Consumption of peaked at $X in 2020, and then contracted remarkably in the following year.

Exports of Caustic Soda in the Solid Form

Exports from Morocco

Exports of caustic soda in the solid form from Morocco soared to X tons in 2021, rising by 136% on the previous year's figure. Over the period under review, exports, however, showed a deep slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of caustic soda in the solid form soared to $X in 2021. Overall, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 98% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mauritania (X tons), Spain (X tons) and Portugal (X tons) were the main destinations of exports of caustic soda in the solid form from Morocco, together accounting for 57% of total exports. These countries were followed by Sudan and Libya, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sudan (with a CAGR of +7.1%), while the other leaders experienced mixed trend patterns.

In value terms, Mauritania ($X) remains the key foreign market for caustic soda in the solid form exports from Morocco, comprising 52% of total exports. The second position in the ranking was taken by Sudan ($X), with a 17% share of total exports. It was followed by Portugal, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mauritania stood at -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+6.4% per year) and Portugal (-12.0% per year).

Export Prices by Country

The average export price for caustic soda in the solid form stood at $X per ton in 2021, falling by -50.5% against the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 35%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then reduced notably in the following year.

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 Libya ($X per ton), while the average price for exports to Spain ($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 Mauritania (+4.4%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in the Solid Form

Imports into Morocco

After three years of growth, purchases abroad of caustic soda in the solid form decreased by -34% to X tons in 2021. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 69%. As a result, imports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, imports of caustic soda in the solid form declined sharply to $X in 2021. In general, imports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2018 with an increase of 63% against the previous year. Over the period under review, imports of caustic soda in solid form attained the peak figure at $X in 2020, and then fell significantly in the following year.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of caustic soda in the solid form to Morocco, accounting for a 34% share of total imports. Moreover, imports of caustic soda in the solid form from Poland exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was held by Romania (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+45.8% per year) and Romania (-10.0% per year).

In value terms, Poland ($X) constituted the largest supplier of caustic soda in the solid form to Morocco, comprising 34% of total imports. The second position in the ranking was held by Turkey ($X), with a 6.7% share of total imports. It was followed by Romania, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+46.0% per year) and Romania (-5.6% per year).

Import Prices by Country

In 2021, the average import price for caustic soda in the solid form amounted to $X per ton, with a decrease of -11.6% against the previous year. Overall, the import price showed a perceptible reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 12%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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