Phosphorus Price in Morocco - 2022
Contents:
Phosphorus Price in Morocco (CIF) - 2022
In 2022, the average phosphorus import price amounted to $8,756 per ton, dropping by -60.7% against the previous year. Over the period under review, the import price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2019 an increase of 761%. As a result, import price reached the peak level of $165,857 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
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 Germany ($8,893 per ton), while the price for India ($5,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+72.4%), while the prices for the other major suppliers experienced a decline.
Phosphorus Imports in Morocco
For the fourth year in a row, Morocco recorded growth in supplies from abroad of phosphori, which increased by 193% to 176 kg in 2022. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 400% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, phosphorus imports skyrocketed to $1.5K in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphorus in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 110 | 1,069 | 1,252 | 1,503 | 139.1% |
| Italy | 44.0 | 177 | 85.0 | 23.0 | -19.4% |
| India | N/A | N/A | N/A | 15.0 | 0% |
| Others | 1,007 | N/A | N/A | N/A | 0% |
| Total | 1,161 | 1,246 | 1,337 | 1,541 | 9.9% |
Top Suppliers of Phosphorus to Morocco in 2022:
- Germany (169.0 kg)
- Italy (4.0 kg)
- India (3.0 kg)
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