Price for Dyes; Pigments and Preparations Based Thereon in Morocco - 2023
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Morocco (CIF) - 2023
- Price for Dyes; Pigments and Preparations Based Thereon in Morocco (FOB) - 2022
- Imports of Dyes; Pigments and Preparations Based Thereon in Morocco
- Exports of Dyes; Pigments and Preparations Based Thereon in Morocco
Price for Dyes; Pigments and Preparations Based Thereon in Morocco (CIF) - 2023
The average import price for dyes; pigments and preparations based therea stood at $6,881 per ton in June 2023, rising by 33% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 58% m-o-m. As a result, import price reached the peak level of $8,856 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($9,776 per ton), while the price for Turkey ($3,592 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 Spain (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in Morocco (FOB) - 2022
The average export price for dyes; pigments and preparations based therea stood at $4,393 per ton in 2022, which is down by -5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2018 an increase of 15%. The export price peaked at $4,630 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($16,582 per ton), while the average price for exports to Libya ($1,975 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 Cote d'Ivoire (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in Morocco
In 2022, the amount of dyes; pigments and preparations based therea imported into Morocco skyrocketed to 2.3K tons, with an increase of 18% on the previous year. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of dyes; pigments and preparations based therea rose rapidly to $15M in 2022. The total import value increased at an average annual rate of +10.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Dyes; Pigments and Preparations Based Thereon in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.9 | 2.3 | 3.5 | 3.8 | 26.0% |
| Spain | 1.7 | 2.0 | 2.2 | 3.1 | 22.2% |
| China | 2.7 | 3.2 | 3.0 | 2.6 | -1.3% |
| Germany | 1.1 | 1.7 | 1.4 | 1.5 | 10.9% |
| Turkey | 0.3 | 0.2 | 0.2 | 0.5 | 18.6% |
| Taiwan (Chinese) | 0.2 | 0.3 | 0.5 | 0.5 | 35.7% |
| Sweden | 0.1 | 0.3 | 0.3 | 0.5 | 71.0% |
| Belgium | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Italy | 0.6 | 0.4 | 0.3 | 0.3 | -20.6% |
| Croatia | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Others | 1.6 | 0.9 | 1.1 | 1.3 | -6.7% |
| Total | 10.7 | 12.0 | 12.9 | 14.5 | 10.7% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Morocco in 2022:
- Spain (744.2 tons)
- India (549.3 tons)
- China (447.0 tons)
- Turkey (132.1 tons)
- Germany (118.5 tons)
- Sweden (67.6 tons)
- Italy (60.8 tons)
- Taiwan (Chinese) (60.8 tons)
- Belgium (36.5 tons)
Exports of Dyes; Pigments and Preparations Based Thereon in Morocco
Exports of dyes; pigments and preparations based therea from Morocco contracted remarkably to 204 tons in 2022, with a decrease of -16% on the previous year. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 7.8%.
In value terms, exports of dyes; pigments and preparations based therea declined notably to $895K in 2022. Overall, exports faced a deep slump. The growth pace was the most rapid in 2021 when exports increased by 20%.
| Export of Dyes; Pigments and Preparations Based Thereon in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 249 | 208 | 341 | 318 | 8.5% |
| Mauritania | 45.7 | 49.6 | 67.2 | 181 | 58.2% |
| Senegal | 137 | 155 | 74.3 | 149 | 2.8% |
| Algeria | 525 | 409 | 472 | 138 | -35.9% |
| Guinea | 17.1 | 31.5 | 33.0 | 32.4 | 23.7% |
| Libya | 315 | N/A | 6.5 | 0.2 | -91.4% |
| Others | 111 | 81.6 | 130 | 77.0 | -11.5% |
| Total | 1,399 | 935 | 1,123 | 895 | -13.8% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Morocco in 2022:
- Angola (85.0 tons)
- Mauritania (50.7 tons)
- Algeria (37.8 tons)
- Senegal (14.2 tons)
- Guinea (10.0 tons)
- Libya (0.1 tons)
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