Report Update Nov 1, 2024

Morocco - Synthetic Organic Tanning Substances - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in Morocco

In 2021, after three years of decline, there was significant growth in the Moroccan synthetic organic tanning substances market, when its value increased by 34% to $X. Overall, consumption, however, recorded a abrupt decline. Synthetic organic tanning substances consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Synthetic Organic Tanning Substances

Exports from Morocco

In 2021, shipments abroad of synthetic organic tanning substances decreased by 0% to X kg, falling for the second year in a row after three years of growth. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 396% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, synthetic organic tanning substances exports totaled $X in 2021. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2018 when exports increased by 326% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for synthetic organic tanning substances exports from Morocco, with a 96% share of total exports. It was followed by France (X kg), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Spain (-48.8% per year).

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-38.9% per year) and France (0.0% per year).

Export Prices by Country

In 2021, the average synthetic organic tanning substances export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2019 an increase of 12% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($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 Spain (+19.2%).

Imports of Synthetic Organic Tanning Substances

Imports into Morocco

Synthetic organic tanning substances imports into Morocco soared to X tons in 2021, jumping by 27% on the previous year's figure. Over the period under review, imports, however, recorded a abrupt downturn. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, synthetic organic tanning substances imports surged to $X in 2021. In general, imports, however, saw a deep setback. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest synthetic organic tanning substances supplier to Morocco, with a 62% share of total imports. Moreover, synthetic organic tanning substances imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The third position in this ranking was held by the Netherlands (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-18.7% per year) and the Netherlands (-2.3% per year).

In value terms, Italy ($X) constituted the largest supplier of synthetic organic tanning substances to Morocco, comprising 59% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-9.9% per year) and Spain (-16.1% per year).

Import Prices by Country

In 2021, the average synthetic organic tanning substances import price amounted to $X per ton, increasing by 7.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 an increase of 10% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic organic tanning substances in the world?

The countries with the highest volumes of in 2021 were China, Russia and India, with a combined 45% share of global consumption.

What are the largest producers of synthetic organic tanning substances in the world?

The countries with the highest volumes of in 2021 were Russia, Italy and India, together accounting for 53% of global production. These countries were followed by Spain, Germany, the Netherlands and France, which together accounted for a further 39%.

What are the leading suppliers of synthetic organic tanning substances to Morocco?

In value terms, Italy constituted the largest supplier of synthetic organic tanning substances to Morocco, comprising 51% of total imports. The second position in the ranking was occupied by France, with a 17% share of total imports. It was followed by Spain, with a 10% share.

What is the average export price for synthetic organic tanning substances in Morocco?

The average synthetic organic tanning substances export price stood at $2,575 per ton in 2021, flattening at the previous year.

What is the average import price for synthetic organic tanning substances in Morocco?

The average synthetic organic tanning substances import price stood at $1,816 per ton in 2021, with a decrease of -4.4% against the previous year.

This report provides an in-depth analysis of the market for synthetic organic tanning substances in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20122330 - Synthetic organic tanning substances

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023