Morocco: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Morocco

In 2021, the Moroccan titanium dioxide market increased by 34% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a slight curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Titanium Dioxide Exports

Exports from Morocco

In 2021, after two years of growth, there was significant decline in shipments abroad of titanium dioxide, when their volume decreased by -18.6% to X tons. In general, exports, however, continue to indicate a mild expansion. The pace of growth was the most pronounced in 2014 when exports increased by 1,559% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then shrank dramatically in the following year.

In value terms, titanium dioxide exports declined dramatically to $X in 2021. Over the period under review, exports recorded a mild decline. The most prominent rate of growth was recorded in 2014 when exports increased by 1,133%. Over the period under review, the exports attained the maximum at $X in 2020, and then contracted notably in the following year.

Exports by Country

Mauritania (X tons) was the main destination for titanium dioxide exports from Morocco, with a 78% share of total exports. Moreover, titanium dioxide exports to Mauritania exceeded the volume sent to the second major destination, Burkina Faso (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mauritania totaled +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+20.9% per year) and France (-26.5% per year).

In value terms, Mauritania ($X) remains the key foreign market for titanium dioxide exports from Morocco, comprising 75% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Mauritania stood at +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-9.8% per year) and Burkina Faso (+7.8% per year).

Export Prices by Country

In 2021, the average titanium dioxide export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2017 an increase of 40%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Burkina Faso ($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 France (+22.7%), while the prices for the other major destinations experienced a decline.

Titanium Dioxide Imports

Imports into Morocco

After six years of decline, purchases abroad of titanium dioxide increased by 1.1% to X tons in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 1.4%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, titanium dioxide imports declined slightly to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 0.5%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Ukraine (X tons), Australia (X tons) and China (X tons) were the main suppliers of titanium dioxide imports to Morocco, together accounting for 72% of total imports. These countries were followed by Saudi Arabia, Sierra Leone, the Czech Republic and Portugal, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +87.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide suppliers to Morocco were Ukraine ($X), China ($X) and Saudi Arabia ($X), together comprising 67% of total imports. Australia, the Czech Republic, Portugal and Sierra Leone lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Portugal, with a CAGR of +42.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average titanium dioxide import price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 3.7%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted in the following year.

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 the Czech Republic ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :