Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Morocco - 2023

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Morocco (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Morocco (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Morocco
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Morocco

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Morocco (CIF) - 2022

In 2022, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $165,448 per ton, surging by 33% against the previous year. Overall, the import price saw measured growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 376%. Over the period under review, average import prices attained the maximum 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 Switzerland ($574,750 per ton), while the price for Turkey ($47,597 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Morocco (FOB) - 2022

In 2022, the average export price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $46,656 per ton, rising by 6,005% against the previous year. Over the period under review, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 12,864% against the previous year. As a result, the export price attained the peak level of $175,720 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($391,267 per ton), while the average price for exports to Austria ($16,270 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+38.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Morocco

In 2022, overseas purchases of balances; of a sensitivity of 5cg or better, with or without weightses decreased by -5.4% to 3.6 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 17%. As a result, imports reached the peak of 4.2 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses soared to $589K in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Morocco in 2022:

1. China (2050.0 kg)
2. Germany (831.0 kg)
3. Italy (349.0 kg)
4. Poland (105.0 kg)
5. Turkey (67.0 kg)
6. Spain (66.0 kg)
7. Japan (9.0 kg)
8. Switzerland (8.0 kg)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Morocco

In 2022, exports of balances; of a sensitivity of 5cg or better, with or without weightses from Morocco dropped notably to 221 kg, reducing by -97.8% against the year before. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 7,450%. As a result, the exports attained the peak of 10 tons, and then reduced notably in the following year.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses surged to $21K in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 529% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Morocco in 2022:

1. France (152.0 kg)
2. Austria (37.0 kg)
3. Germany (30.0 kg)

Source: IndexBox Market Intelligence Platform