Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Morocco - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Morocco (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Morocco (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Morocco
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Morocco
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Morocco (CIF) - 2023
In December 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,348 per ton, almost unchanged from the previous month. Overall, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 73% month-to-month. As a result, import price attained the peak level of $1,788 per ton. From September 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($6,165 per ton), while the price for China ($1,107 per ton) was amongst the lowest.
From June 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (+60.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Morocco (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,760 per ton, remaining constant against the previous year. In general, the export price recorded a dramatic decline. The growth pace was the most rapid in 2017 a decrease of -27%. Over the period under review, the average export prices attained the peak figure at $103,444 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2016 to 2022, the rate of growth in terms of prices for Gabon amounted to -27.0% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Morocco
Imports of acids; saturated acyclic monocarboxylic acids; formic acids into Morocco soared to 2.9K tons in 2022, rising by 20% against the year before. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $3.9M in 2022. In general, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 870 | 487 | 633 | 997 | 4.6% |
China | 206 | 272 | 205 | 328 | 16.8% |
Italy | 50.6 | 37.3 | 159 | 287 | 78.3% |
Sweden | 115 | 123 | 155 | 167 | 13.2% |
Finland | 87.0 | 27.2 | 23.1 | 126 | 13.1% |
Spain | 24.9 | 31.5 | 59.2 | 122 | 69.8% |
Others | 1,256 | 845 | 1,296 | 1,908 | 15.0% |
Total | 2,610 | 1,822 | 2,531 | 3,935 | 14.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Morocco in 2022:
- Germany (674.6 tons)
- China (400.8 tons)
- Italy (180.5 tons)
- Sweden (118.3 tons)
- Finland (100.5 tons)
- Spain (89.8 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Morocco
Exports of acids; saturated acyclic monocarboxylic acids; formic acids from Morocco amounted to 350 kg in 2022, stabilizing at the previous year. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids amounted to $616 in 2022. Overall, exports showed a significant expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to continue growth in the near future.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Morocco (USD) | ||||
---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
United Arab Emirates | N/A | N/A | 308 | 0% |
France | 18.0 | N/A | N/A | 0% |
Others | 18.0 | N/A | 308 | 313.7% |
Total | 36.0 | N/A | 616 | 313.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Morocco in 2022:
- United Arab Emirates (175.0 kg)
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