Morocco: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Morocco

The Moroccan plastic ornamental articles market declined to $X in 2022, which is down by -5.5% 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, consumption recorded a pronounced setback. Plastic ornamental articles consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Plastic Ornamental Articles Exports

Exports from Morocco

In 2022, approx. X tons of statuettes and other ornamental articles of plastic were exported from Morocco; falling by -34.1% against the previous year's figure. Over the period under review, exports, however, posted slight growth. The pace of growth was the most pronounced in 2021 when exports increased by 532% against the previous year. As a result, the exports attained the peak of X tons, and then fell significantly in the following year.

In value terms, plastic ornamental articles exports shrank dramatically to $X in 2022. Overall, exports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 409%. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

France (X tons) was the main destination for plastic ornamental articles exports from Morocco, with a 36% share of total exports. Moreover, plastic ornamental articles exports to France exceeded the volume sent to the second major destination, Mauritania (X kg), twofold. Qatar (X kg) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+78.5% per year) and Qatar (+167.9% per year).

In value terms, France ($X), the United States ($X) and Mauritania ($X) appeared to be the largest markets for plastic ornamental articles exported from Morocco worldwide, with a combined 87% share of total exports.

The United States, with a CAGR of +92.9%, saw the highest growth rate of 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

In 2022, the average plastic ornamental articles export price amounted to $X per ton, surging by 20% against the previous year. Over the period under review, the export price continues to indicate slight growth. The pace of growth was the most pronounced in 2015 an increase of 213%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cabo Verde ($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 Congo (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Morocco

In 2022, the amount of statuettes and other ornamental articles of plastic imported into Morocco dropped to X tons, waning by -6.6% on the year before. In general, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic ornamental articles imports reduced to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Morocco, with a 79% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), eightfold. The third position in this ranking was taken by Italy (X tons), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+103.0% per year) and Italy (+17.8% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Morocco, comprising 70% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Turkey, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.7% per year) and Turkey (+101.9% per year).

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic ornamental articles import price increased by +94.5% against 2012 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 18%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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