Price for Fertilizers; Mineral or Chemical, Nitrogenous in Morocco - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Morocco (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Morocco (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Morocco
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Morocco
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Morocco (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $397 per ton, picking up by 12% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45%. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($748 per ton), while the price for Belgium ($213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Morocco (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $1,825 per ton in December 2022, jumping by 118% against the previous month. Over the period under review, the export price continues to indicate a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Libya ($2,003 per ton), while the average price for exports to Senegal ($409 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Morocco
In 2022, approx. 353K tons of fertilizers; mineral or chemical, nitrogenoi were imported into Morocco; increasing by 15% on the year before. In general, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports attained the peak of 602K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $140M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 56.3 | 54.8 | 45.8 | 57.0 | 0.4% |
| Spain | 15.4 | 15.2 | 12.4 | 15.6 | 0.4% |
| Turkey | 20.4 | 15.5 | 1.3 | 13.4 | -13.1% |
| Egypt | 7.8 | 5.1 | 10.4 | 12.0 | 15.4% |
| Sweden | 9.6 | 5.8 | 5.0 | 7.4 | -8.3% |
| Belgium | 4.6 | 7.8 | 5.1 | 6.3 | 11.1% |
| Czech Republic | 3.1 | 3.9 | 4.6 | 5.3 | 19.6% |
| Ukraine | 1.9 | 4.3 | 4.1 | 4.7 | 35.2% |
| Others | 10.5 | 34.6 | 19.8 | 18.5 | 20.8% |
| Total | 130 | 147 | 109 | 140 | 2.5% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Morocco in 2022:
- Russia (153.6K tons)
- Spain (52.6K tons)
- Belgium (29.8K tons)
- Egypt (20.2K tons)
- Turkey (17.9K tons)
- Czech Republic (17.1K tons)
- Ukraine (16.9K tons)
- Sweden (12.6K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Morocco
In 2022, approx. 30K tons of fertilizers; mineral or chemical, nitrogenoi were exported from Morocco; surging by 222% compared with 2021 figures. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous exports skyrocketed to $24M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | 1.6 | 0.4 | 1.0 | 19.9 | 131.7% |
| Senegal | N/A | 0.4 | 0.2 | 3.9 | 212.2% |
| Ireland | N/A | N/A | 1.3 | N/A | 0% |
| Portugal | N/A | N/A | 0.5 | N/A | 0% |
| Angola | N/A | 1.5 | 0.2 | N/A | -86.7% |
| Ghana | N/A | N/A | 0.9 | N/A | 0% |
| Others | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Total | 1.7 | 2.4 | 4.3 | 24.2 | 142.4% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Morocco in 2022:
- Mauritania (23.8K tons)
- Senegal (6.3K tons)
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