Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Morocco - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Morocco (CIF) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Morocco (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Morocco
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Morocco
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Morocco (CIF) - 2022
In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $3,542 per ton, with an increase of 11% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $3,656 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,215 per ton), while the price for Tunisia ($1,487 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Morocco (FOB) - 2022
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $4,018 per ton in 2022, surging by 10% against the previous year. In general, the export price saw a pronounced increase. The pace of growth appeared the most rapid in 2017 an increase of 77%. Over the period under review, the average export prices hit record highs at $7,796 per ton in 2018; however, from 2019 to 2022, 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 Germany ($12,102 per ton), while the average price for exports to Mauritania ($1,260 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 Egypt (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Morocco
In 2022, the amount of adhesives; prepared, based on rubber or plastics (including artificial resins) imported into Morocco totaled 7.2K tons, increasing by 4% on the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 5.5%.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) surged to $25M in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.8 | 3.4 | 3.9 | 5.2 | 22.9% |
| Turkey | 1.1 | 1.1 | 4.3 | 4.4 | 58.7% |
| Germany | 3.1 | 3.7 | 3.9 | 4.3 | 11.5% |
| France | 8.4 | 6.3 | 3.4 | 3.5 | -25.3% |
| Italy | 2.2 | 1.7 | 2.1 | 2.6 | 5.7% |
| Portugal | 1.7 | 1.2 | 1.7 | 2.5 | 13.7% |
| Tunisia | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Belgium | 0.7 | 0.5 | 0.7 | 0.1 | -47.7% |
| Others | 0.9 | 1.1 | 1.9 | 2.7 | 44.2% |
| Total | 21.0 | 19.0 | 22.1 | 25.5 | 6.7% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Morocco in 2022:
- Turkey (1737.5 tons)
- Spain (1262.8 tons)
- France (950.5 tons)
- Italy (916.5 tons)
- Germany (823.1 tons)
- Portugal (821.1 tons)
- Tunisia (182.9 tons)
- Belgium (22.0 tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Morocco
In 2022, overseas shipments of adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -52.5% to 40 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 50%. As a result, the exports attained the peak of 85 tons, and then declined notably in the following year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) declined dramatically to $162K in 2022. Over the period under review, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 134% against the previous year. As a result, the exports reached the peak of $311K, and then dropped dramatically in the following year.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 63.1 | 90.1 | 168 | 81.1 | 8.7% |
| Germany | 0.3 | 4.2 | 1.4 | 36.1 | 393.7% |
| Spain | 0.1 | N/A | 3.5 | 11.9 | 391.9% |
| Djibouti | N/A | N/A | 3.1 | 9.2 | 196.8% |
| Mauritania | 5.5 | 12.1 | 65.0 | 0.1 | -73.7% |
| Cote d'Ivoire | 7.9 | 18.4 | 5.0 | N/A | -20.4% |
| Vietnam | 57.2 | N/A | N/A | N/A | 0% |
| Others | 4.8 | 8.0 | 65.2 | 24.0 | 71.0% |
| Total | 139 | 133 | 311 | 162 | 5.2% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Morocco in 2022:
- Senegal (28.7 tons)
- Djibouti (6.3 tons)
- Germany (3.0 tons)
- Spain (1.6 tons)
- Mauritania (0.1 tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Morocco.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
