Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Morocco - 2023
Contents:
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Morocco (CIF) - 2023
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Morocco (FOB) - 2022
- Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Morocco
- Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Morocco
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Morocco (CIF) - 2023
The average import price for polymers of propylene or of other olefins, in primary formses stood at $1,446 per ton in June 2023, declining by -4.6% against the previous month. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 11% against the previous month. The import price peaked at $1,908 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($3,082 per ton), while the price for Oman ($1,191 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Portugal (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Morocco (FOB) - 2022
The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,938 per ton in 2022, increasing by 10% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 33%. Over the period under review, the average export prices attained the peak figure at $2,034 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($2,293 per ton), while the average price for exports to Mauritania ($1,525 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 Spain (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Morocco
In 2022, the amount of polymers of propylene or of other olefins, in primary formses imported into Morocco expanded markedly to 191K tons, picking up by 14% on the year before. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of polymers of propylene or of other olefins, in primary formses surged to $327M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Polymers of Propylene or of Other Olefins, in Primary Forms in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 127 | 115 | 153 | 175 | 11.3% |
| Spain | 39.2 | 40.4 | 31.4 | 40.1 | 0.8% |
| France | 10.2 | 12.2 | 22.4 | 29.9 | 43.1% |
| Belgium | 4.9 | 3.9 | 9.3 | 15.7 | 47.4% |
| Portugal | 9.3 | 8.1 | 9.0 | 12.5 | 10.4% |
| Italy | 8.1 | 7.6 | 10.0 | 9.3 | 4.7% |
| Germany | 2.4 | 3.4 | 5.6 | 8.4 | 51.8% |
| Netherlands | 4.7 | 3.8 | 7.2 | 7.7 | 17.9% |
| United Arab Emirates | 3.8 | 3.6 | 6.2 | 6.8 | 21.4% |
| Oman | 3.3 | 3.8 | 5.9 | 5.8 | 20.7% |
| United States | 10.5 | 3.5 | 0.2 | 1.2 | -51.5% |
| Others | 8.7 | 10.6 | 22.1 | 14.6 | 18.8% |
| Total | 232 | 216 | 282 | 327 | 12.1% |
Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Morocco in 2022:
- Saudi Arabia (118.2K tons)
- Spain (18.5K tons)
- France (14.5K tons)
- Belgium (6.6K tons)
- Italy (4.8K tons)
- United Arab Emirates (4.3K tons)
- Portugal (4.0K tons)
- Netherlands (3.7K tons)
- Oman (3.7K tons)
- Germany (3.5K tons)
- United States (0.8K tons)
Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Morocco
In 2022, the amount of polymers of propylene or of other olefins, in primary formses exported from Morocco contracted significantly to 1.2K tons, waning by -43% compared with the year before. Over the period under review, exports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, the exports attained the peak of 2.2K tons, and then contracted dramatically in the following year.
In value terms, exports of polymers of propylene or of other olefins, in primary formses declined sharply to $2.4M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 94% against the previous year. As a result, the exports reached the peak of $3.8M, and then contracted remarkably in the following year.
| Export of Polymers of Propylene or of Other Olefins, in Primary Forms in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 742 | 754 | 620 | 800 | 2.5% |
| Senegal | 298 | 135 | 1,885 | 298 | 0.0% |
| Mauritania | 73.8 | 25.9 | 184 | 248 | 49.8% |
| Belgium | N/A | 14.7 | N/A | 43.6 | 72.2% |
| Portugal | 30.2 | 11.5 | 89.4 | 7.6 | -36.9% |
| China | 176 | 62.5 | 0.5 | 2.8 | -74.8% |
| Others | 1,072 | 953 | 1,022 | 992 | -2.6% |
| Total | 2,392 | 1,957 | 3,800 | 2,392 | 0.0% |
Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Morocco in 2022:
- Spain (349.1 tons)
- Senegal (176.1 tons)
- Mauritania (162.8 tons)
- Belgium (22.0 tons)
- Portugal (4.6 tons)
- China (1.9 tons)
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This report provides an in-depth analysis of the market for polypropylene in primary forms in Morocco.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in Morocco.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Morocco.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
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The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
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Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
