Morocco: Market for Synthetic Rubber (Excluding Latex) 2025

Market Size for Synthetic Rubber (Excluding Latex) in Morocco

The Moroccan synthetic rubber (excluding latex) market surged to $X in 2021, increasing by 44% 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, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Synthetic Rubber (Excluding Latex)

Exports from Morocco

In 2021, approx. X tons of synthetic rubber (excluding latex) were exported from Morocco; increasing by 1,055% compared with the year before. Over the period under review, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 71,791%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, synthetic rubber (excluding latex) exports skyrocketed to $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 25,611%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for synthetic rubber (excluding latex) exports from Morocco, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +5.5%.

In value terms, Spain ($X) also remains the key foreign market for synthetic rubber (excluding latex) exports from Morocco.

From 2012 to 2021, the average annual growth rate of value to Spain totaled -3.8%.

Export Prices by Country

In 2021, the average synthetic rubber (excluding latex) export price amounted to $X per ton, shrinking by -55.3% against the previous year. Overall, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 191% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +298.2% per year.

Imports of Synthetic Rubber (Excluding Latex)

Imports into Morocco

In 2021, approx. X tons of synthetic rubber (excluding latex) were imported into Morocco; increasing by 29% against the year before. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, synthetic rubber (excluding latex) imports surged to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 61% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

France (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of synthetic rubber (excluding latex) imports to Morocco, with a combined 65% share of total imports. These countries were followed by Germany, China, Turkey, South Korea and Russia, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +28.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Germany ($X) appeared to be the largest synthetic rubber (excluding latex) suppliers to Morocco, together accounting for 63% of total imports. These countries were followed by Spain, China, Turkey, South Korea and Russia, which together accounted for a further 29%.

Turkey, with a CAGR of +22.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 synthetic rubber (excluding latex) import price amounted to $X per ton, with an increase of 18% against the previous year. In general, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 37% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform