Morocco - Acrylic Acid And Its Salts And Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonocarboxylic Acid Price in Morocco - 2022
Contents:
- Monocarboxylic Acid Price in Morocco (CIF) - 2022
- Monocarboxylic Acid Price in Morocco (FOB) - 2022
- Monocarboxylic Acid Imports in Morocco
- Monocarboxylic Acid Exports in Morocco
Monocarboxylic Acid Price in Morocco (CIF) - 2022
In December 2022, the average monocarboxylic acid import price amounted to $3,340 per ton, falling by -72.1% against the previous month. Over the period under review, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in November 2022 an increase of 77% month-to-month. As a result, import price reached the peak level of $11,956 per ton, and then shrank rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Belgium ($11,761 per ton), while the price for China ($3,103 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Monocarboxylic Acid Price in Morocco (FOB) - 2022
The average monocarboxylic acid export price stood at $7,233 per ton in 2022, increasing by 35% against the previous year. In general, the export price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2013 when the average export price increased by 65% against the previous year. As a result, the export price reached the peak level of $16,824 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Senegal.
From 2012 to 2022, the rate of growth in terms of prices for Senegal amounted to -4.8% per year.
Monocarboxylic Acid Imports in Morocco
In 2022, the amount of acrylic acid and its salts and other monocarboxylic acid imported into Morocco rose rapidly to 695 tons, picking up by 8.3% against the previous year's figure. The total import volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, monocarboxylic acid imports soared to $4.2M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Monocarboxylic Acid in Morocco (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 631 | 795 | 1,290 | 2,955 | 67.3% |
Germany | 431 | 468 | 565 | 480 | 3.7% |
Spain | 119 | 130 | 154 | 263 | 30.3% |
Ireland | 104 | 96.2 | 136 | 243 | 32.7% |
Russia | 53.9 | 26.2 | 36.2 | 114 | 28.4% |
France | 74.1 | 52.4 | 60.6 | 102 | 11.2% |
Italy | 28.8 | 33.0 | 37.2 | N/A | 13.7% |
Saudi Arabia | 251 | N/A | N/A | N/A | 0% |
Others | 773 | 864 | 1,166 | 71.2 | -54.8% |
Total | 2,466 | 2,464 | 3,444 | 4,228 | 19.7% |
Top Suppliers of Monocarboxylic Acid to Morocco in 2022:
- China (496.5 tons)
- Germany (73.3 tons)
- Russia (36.8 tons)
- France (32.1 tons)
- Spain (25.2 tons)
- Ireland (14.2 tons)
Monocarboxylic Acid Exports in Morocco
In 2022, overseas shipments of acrylic acid and its salts and other monocarboxylic acid decreased by -49.7% to 150 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 455%. As a result, the exports attained the peak of 4.9 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, monocarboxylic acid exports declined significantly to $1.1K in 2022. In general, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 385%. As a result, the exports attained the peak of $28K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Monocarboxylic Acid in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Senegal | 0.3 | 1.2 | 0.1 | 1.1 | 54.2% |
Niger | 1.8 | 10.0 | 0.8 | N/A | -33.3% |
Democratic Republic of the Congo | 0.3 | N/A | N/A | N/A | 0% |
South Africa | 0.4 | 2.8 | N/A | N/A | 600.0% |
Mauritania | 2.8 | 12.9 | 0.6 | N/A | -53.7% |
Others | 0.2 | 1.2 | N/A | N/A | 500.0% |
Total | 5.8 | 28.1 | 1.6 | 1.1 | -42.5% |
Top Export Markets for Monocarboxylic Acid from Morocco in 2022:
- Senegal (150.0 kg)
This report provides an in-depth analysis of the monocarboxylic acid market 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 20143310 - Acrylic acid and its salts and other monocarboxylic acid
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...