Price for Waste, Parings and Scrap, of Plastics in Morocco - 2023

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Morocco (CIF) - 2023
2. Price for Waste, Parings and Scrap, of Plastics in Morocco (FOB) - 2023
3. Imports of Waste, Parings and Scrap, of Plastics in Morocco
4. Exports of Waste, Parings and Scrap, of Plastics in Morocco

Price for Waste, Parings and Scrap, of Plastics in Morocco (CIF) - 2023

In June 2023, the average import price for waste, parings and scrap, of plasticses amounted to $410 per ton, increasing by 11% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 62% against the previous month. Over the period under review, average import prices reached the maximum at $683 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Tunisia ($477 per ton), while the price for Italy ($184 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 (+0.6%), while the prices for the other major suppliers experienced a decline.

Price for Waste, Parings and Scrap, of Plastics in Morocco (FOB) - 2023

In June 2023, the average export price for waste, parings and scrap, of plasticses amounted to $616 per ton, with a decrease of -4.3% against the previous month. In general, the export price continues to indicate a pronounced contraction. The growth pace was the most rapid in September 2022 when the average export price increased by 40% against the previous month. Over the period under review, the average export prices hit record highs at $823 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Italy ($735 per ton), while the average price for exports to Spain ($73.0 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Waste, Parings and Scrap, of Plastics in Morocco

In 2022, purchases abroad of waste, parings and scrap, of plasticses decreased by -25.1% to 9.3K tons, falling for the second year in a row after two years of growth. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 3.7%. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of waste, parings and scrap, of plasticses reduced to $5.8M in 2022. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 3.8% against the previous year. As a result, imports reached the peak of $7M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Morocco in 2022:

1. Tunisia (5.0K tons)
2. Spain (2.8K tons)
3. Italy (0.7K tons)
4. Lebanon (0.4K tons)
5. France (0.3K tons)

Exports of Waste, Parings and Scrap, of Plastics in Morocco

In 2022, approx. 5.4K tons of waste, parings and scrap, of plasticses were exported from Morocco; which is down by -15.6% on 2021. In general, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 113%. As a result, the exports reached the peak of 6.4K tons, and then fell rapidly in the following year.

In value terms, exports of waste, parings and scrap, of plasticses dropped to $4.2M in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 151%. As a result, the exports reached the peak of $4.8M, and then dropped in the following year.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Morocco in 2022:

1. Italy (2825.6 tons)
2. Turkey (454.9 tons)
3. Spain (454.3 tons)
4. Germany (340.4 tons)
5. Malaysia (338.3 tons)
6. Hong Kong SAR (329.4 tons)
7. France (204.1 tons)
8. China (47.9 tons)

Source: IndexBox Market Intelligence Platform