Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Morocco - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Morocco (CIF) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Morocco (FOB) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Morocco
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Morocco
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Morocco (CIF) - 2022
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,355 per ton in 2022, rising by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 when the average import price increased by 24%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bahrain ($3,370 per ton), while the price for the United Arab Emirates totaled $3,153 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Morocco (FOB) - 2022
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,153 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the average export price decreased by -23.7% against the previous year. Over the period under review, the average export prices reached the maximum at $4,153 per ton in 2013; however, from 2014 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 Senegal.
From 2013 to 2022, the rate of growth in terms of prices for Senegal amounted to -1.8% per year.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Morocco
In 2022, supplies from abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms decreased by -28.1% to 5.5K tons, falling for the second year in a row after two years of growth. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms dropped to $19M in 2022. Overall, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2020 when imports increased by 16%. As a result, imports reached the peak of $25M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 14.3 | 17.6 | 15.9 | 17.7 | 7.4% |
| United Arab Emirates | 0.1 | 0.2 | 0.3 | 0.7 | 91.3% |
| Egypt | 5.6 | 5.7 | 2.9 | N/A | -28.0% |
| Oman | 1.0 | 1.2 | 1.5 | N/A | 22.5% |
| Others | 0.6 | 0.2 | 0.5 | 0.1 | -45.0% |
| Total | 21.5 | 24.8 | 21.0 | 18.5 | -4.9% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Morocco in 2022:
- Bahrain (5.3K tons)
- United Arab Emirates (0.2K tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Morocco
In 2022, approx. 411 kg of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms were exported from Morocco; flattening at the previous year's figure. Over the period under review, exports showed a precipitous descent. The smallest decline of 99.9% was in 2021.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms totaled $1.3K in 2022. Overall, exports recorded a precipitous shrinkage. The smallest decline of 99.9% was in 2021.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Senegal | 2.6 | N/A | 1.3 | -29.3% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 2.6 | N/A | 1.3 | -29.3% | |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Morocco in 2022:
- Senegal (411.0 kg)
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