The artificial waxes market in Morocco has experienced varying trends from 2013 to 2023, with a peak value of 11.814 million US dollars in 2013 and a decline to 9.5499 million US dollars in 2023. Year-on-year variations indicate periods of contraction and slight recovery, notably a significant drop in 2020 followed by a recovery in 2021.
- 2022 saw a minor decrease of 1.17%.
- 2023 continued this trend with a 1.16% decline.
- The five-year CAGR from 2019 to 2023 indicates an average annual decline of 0.92%.
Looking ahead, the artificial waxes market in Morocco could be influenced by evolving industrial applications, environmental considerations, and potential advances in synthetic alternatives. Monitoring regulatory changes and technological innovation will be crucial in assessing future market dynamics.
| # | 33 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,719,400,000 | 2023 | +3.14% | +1.99% | View data |
| 2 | 2 Japan | 713,120,000 | 2023 | +0.45% | +0.42% | View data |
| 3 | 3 Germany | 630,980,000 | 2023 | -0.48% | -1.69% | View data |
| 4 | 4 France | 586,840,000 | 2023 | -0.91% | -1.6% | View data |
| 5 | 5 Italy | 498,280,000 | 2023 | +0.46% | -0.38% | View data |
| 29 | 29 Hungary | 21,033,000 | 2023 | +3.64% | +2.5% | View data |
| 30 | 30 Kenya | 10,299,000 | 2023 | +1.29% | +0.6% | View data |
| 31 | 31 Morocco | 9,549,900 | 2023 | -1.16% | -0.92% | |
| 32 | 32 Croatia | 8,067,500 | 2023 | -1.18% | -0.22% | View data |
| 33 | 33 Mauritius | 665,350 | 2023 | +1.36% | +2.04% | View data |
