Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Morocco - 2023
Contents:
- Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Morocco (FOB) - 2023
- Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Morocco (CIF) - 2022
- Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Morocco
- Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Morocco
Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Morocco (FOB) - 2023
The average export price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses stood at $473 per ton in June 2023, declining by -31% against the previous month. In general, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in May 2023 an increase of 7.3% m-o-m. The export price peaked at $1,315 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the Netherlands ($1,211 per ton), while the average price for exports to Pakistan ($397 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.9%), while the prices for the other major destinations experienced a decline.
Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Morocco (CIF) - 2022
In 2022, the average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $1,626 per ton, jumping by 33% against the previous year. In general, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 an increase of 87%. The import price peaked at $1,742 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 China ($10,140 per ton), while the price for France ($1,012 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Morocco
In 2022, exports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses from Morocco declined modestly to 2.1M tons, falling by -1.9% on 2021 figures. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 9%. As a result, the exports reached the peak of 2.1M tons, and then reduced modestly in the following year.
In value terms, exports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses rose modestly to $2.2B in 2022. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 84% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 602 | 519 | 780 | 607 | 0.3% |
| Pakistan | 262 | 203 | 378 | 590 | 31.1% |
| Belgium | 123 | 112 | 212 | 330 | 39.0% |
| Spain | 71.6 | 79.1 | 167 | 179 | 35.7% |
| Brazil | 33.8 | 46.3 | 115 | 170 | 71.3% |
| Turkey | 101 | 42.7 | 176 | 134 | 9.9% |
| Netherlands | 102 | 67.0 | 88.7 | 65.7 | -13.6% |
| France | 18.3 | 33.1 | 90.3 | 62.2 | 50.4% |
| Others | 98.5 | 95.5 | 197 | 109 | 3.4% |
| Total | 1,413 | 1,199 | 2,205 | 2,247 | 16.7% |
Top Export Markets for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids from Morocco in 2022:
- India (709.9K tons)
- Pakistan (637.6K tons)
- Belgium (232.9K tons)
- Spain (122.4K tons)
- Brazil (112.4K tons)
- Turkey (91.5K tons)
- France (40.8K tons)
- Netherlands (37.4K tons)
Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Morocco
In 2022, purchases abroad of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses decreased by -12.6% to 2.2K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. As a result, imports attained the peak of 3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses soared to $3.6M in 2022. The total import value increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,256 | 1,410 | 1,504 | 1,978 | 16.3% |
| Netherlands | N/A | N/A | N/A | 418 | 0% |
| India | 8.7 | 4.9 | 8.4 | 387 | 254.3% |
| Belgium | 204 | 396 | 598 | 254 | 7.6% |
| France | 528 | 756 | 140 | 240 | -23.1% |
| United States | 149 | 385 | 646 | 148 | -0.2% |
| Finland | 53.6 | 135 | 139 | 114 | 28.6% |
| China | 196 | 182 | N/A | 0.5 | -86.3% |
| Others | 246 | 106 | 97.8 | 106 | -24.5% |
| Total | 2,641 | 3,373 | 3,134 | 3,645 | 11.3% |
Top Suppliers of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids to Morocco in 2022:
- Germany (1234.9 tons)
- Belgium (239.8 tons)
- France (237.1 tons)
- Netherlands (198.7 tons)
- Finland (100.0 tons)
- India (98.6 tons)
- United States (81.9 tons)
- China (0.1 tons)
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