Morocco: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Morocco

In 2021, the Moroccan titanium dioxide pigments market increased by 27% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Titanium dioxide pigments consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports from Morocco

For the fifth consecutive year, Morocco recorded growth in shipments abroad of titanium dioxide pigments and colouring preparations, which increased by 234% to X tons in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 3,053% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, titanium dioxide pigments exports skyrocketed to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 2,809%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Turkey (X tons) was the main destination for titanium dioxide pigments exports from Morocco, accounting for a 77% share of total exports. Moreover, titanium dioxide pigments exports to Turkey exceeded the volume sent to the second major destination, Algeria (X tons), fivefold. The third position in this ranking was taken by Mauritania (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+178.7% per year) and Mauritania (+76.5% per year).

In value terms, Turkey ($X) emerged as the key foreign market for titanium dioxide pigments and colouring preparations exports from Morocco, comprising 66% of total exports. The second position in the ranking was taken by Algeria ($X), with a 24% share of total exports. It was followed by Mauritania, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+164.2% per year) and Mauritania (+241.7% per year).

Export Prices by Country

In 2021, the average titanium dioxide pigments export price amounted to $X per ton, dropping by -2% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of 85%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Turkey ($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 (+5.2%), while the prices for the other major destinations experienced a decline.

Titanium Dioxide Pigments Imports

Imports into Morocco

In 2021, overseas purchases of titanium dioxide pigments and colouring preparations increased by 5.7% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, titanium dioxide pigments imports skyrocketed to $X in 2021. In general, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 48% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of titanium dioxide pigments imports to Morocco, with a combined 83% share of total imports. Spain, Italy, Russia, the Netherlands and the United States lagged somewhat behind, together accounting for a further 8.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +33.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium dioxide pigments suppliers to Morocco were China ($X), Saudi Arabia ($X) and Germany ($X), together comprising 82% of total imports. These countries were followed by Spain, Italy, Russia, the Netherlands and the United States, which together accounted for a further 8.5%.

Among the main suppliers, Russia, with a CAGR of +43.1%, recorded the highest growth rate of 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 pigments import price stood at $X per ton in 2021, surging by 30% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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