The Artificial and Prepared Waxes market in Morocco reached a value of $9.1558 million in 2023. Over the past decade, the market displayed fluctuating trends, peaking in 2014 and subsequently declining, particularly notable with a drop in 2017 and a significant dip in 2020. However, a recovery transpired from 2021 onward, with year-on-year increases around 20% in 2021, followed by marginal growth in 2022 and 2023.
Recent data reveals:
- A stable market value from 2021 to 2023, indicating recovery and consistent demand.
- The Compound Annual Growth Rate (CAGR) over the last five years stands at approximately 0.29%, highlighting a relatively stable trajectory.
Future trends to watch include:
- Potential impacts of global supply chain dynamics and raw material costs.
- Technological advancements in synthetic wax production could influence market growth and sustainability targets.
- Regulatory changes in environmental standards influencing production and export.
How does Morocco rank in Artificial and Prepared Waxes (Without Polyethylene Glycol) Market Size Value?
| # | 29 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 3,630,100,000 | 2023 | +1.58% | +1.81% | View data |
| 2 | 2 China | 2,249,300,000 | 2023 | +1.24% | +0.73% | View data |
| 3 | 3 Japan | 703,760,000 | 2023 | +0.5% | +0.45% | View data |
| 4 | 4 Germany | 623,910,000 | 2023 | +0.21% | +0.038% | View data |
| 5 | 5 Italy | 473,170,000 | 2023 | +0.77% | +0.58% | View data |
| 24 | 24 Chile | 23,423,000 | 2023 | -1.58% | -2.54% | View data |
| 25 | 25 Ireland | 11,135,000 | 2023 | +0.11% | -0.49% | View data |
| 26 | 26 Morocco | 9,155,800 | 2023 | +0.045% | +0.29% | |
| 27 | 27 Croatia | 6,844,000 | 2023 | -1.11% | -1.75% | View data |
| 28 | 28 Jordan | 976,270 | 2023 | +0.3% | +0.69% | View data |
