Morocco - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in Morocco - 2022
Contents:
- Plastic Closure Price in Morocco (CIF) - 2022
- Plastic Closure Price in Morocco (FOB) - 2022
- Plastic Closure Imports in Morocco
- Plastic Closure Exports in Morocco
Plastic Closure Price in Morocco (CIF) - 2022
The average plastic closure import price stood at $4,946 per ton in December 2022, stabilizing at the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in June 2022 when the average import price increased by 10% month-to-month. As a result, import price attained the peak level of $5,338 per ton. From July 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($7,443 per ton), while the price for India ($3,849 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 Italy (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Closure Price in Morocco (FOB) - 2022
In 2022, the average plastic closure export price amounted to $3,642 per ton, almost unchanged from the previous year. Overall, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2020 an increase of 25%. Over the period under review, the average export prices hit record highs at $6,697 per ton in 2012; however, from 2013 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 Senegal ($11,670 per ton), while the average price for exports to the United Arab Emirates ($2,742 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 the Philippines (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Closure Imports in Morocco
In 2022, plastic closure imports into Morocco soared to 10K tons, picking up by 16% on 2021. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, plastic closure imports skyrocketed to $53M in 2022. The total import value increased at an average annual rate of +8.4% over the period 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 Plastic Closure in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 20.1 | 18.2 | 20.1 | 26.0 | 9.0% |
Turkey | 3.6 | 5.2 | 6.3 | 6.7 | 23.0% |
France | 5.4 | 5.2 | 6.4 | 5.9 | 3.0% |
Italy | 3.0 | 3.1 | 2.9 | 3.4 | 4.3% |
Germany | 1.1 | 1.0 | 1.6 | 2.4 | 29.7% |
Egypt | 1.5 | 1.2 | 1.2 | 1.6 | 2.2% |
India | 0.6 | 0.7 | 0.6 | 1.2 | 26.0% |
Others | 6.0 | 5.0 | 4.7 | 5.6 | -2.3% |
Total | 41.4 | 39.6 | 43.7 | 52.6 | 8.3% |
Top Suppliers of Plastic Closure to Morocco in 2022:
- Spain (5.8K tons)
- Turkey (1.5K tons)
- France (0.8K tons)
- Italy (0.6K tons)
- Egypt (0.4K tons)
- India (0.3K tons)
- Germany (0.3K tons)
Plastic Closure Exports in Morocco
In 2022, approx. 287 tons of plastic stoppers, caps and closures were exported from Morocco; growing by 57% compared with 2021 figures. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, plastic closure exports surged to $1M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Plastic Closure in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mali | 4.4 | 5.3 | 0.4 | 314 | 314.8% |
Mauritania | 447 | 332 | 410 | 227 | -20.2% |
Cote d'Ivoire | 42.9 | 47.6 | 34.1 | 219 | 72.2% |
Niger | 30.6 | 5.9 | N/A | 67.3 | 30.0% |
United Arab Emirates | N/A | N/A | 0.2 | 45.1 | 22450.0% |
Senegal | 27.9 | 131 | 76.3 | 24.3 | -4.5% |
Philippines | N/A | 1.6 | 15.0 | 22.9 | 278.3% |
Turkmenistan | N/A | N/A | N/A | 14.0 | 0% |
France | 93.1 | 102 | 24.0 | 5.6 | -60.8% |
Italy | 16.7 | 0.4 | 8.7 | 1.9 | -51.5% |
Others | 71.9 | 86.2 | 101 | 104 | 13.1% |
Total | 734 | 713 | 669 | 1,044 | 12.5% |
Top Export Markets for Plastic Closure from Morocco in 2022:
- Mali (107.8 tons)
- Mauritania (75.1 tons)
- Cote d'Ivoire (35.0 tons)
- Niger (19.1 tons)
- United Arab Emirates (16.4 tons)
- Philippines (5.4 tons)
- Turkmenistan (5.0 tons)
- Senegal (2.1 tons)
- France (1.4 tons)
- Italy (0.8 tons)
This report provides an in-depth analysis of the plastic closure 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 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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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