Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Morocco - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Morocco (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Morocco (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Morocco
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Morocco
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Morocco (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $8,443 per ton in 2022, picking up by 55% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or steel; non-threaded cotters and cotter-pinses increased by +88.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 France ($23,318 per ton), while the price for India ($3,911 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Morocco (FOB) - 2022
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $16,069 per ton in 2022, rising by 58% against the previous year. In general, the export price posted prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 79%. As a result, the export price reached the peak level of $18,956 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($257,000 per ton), while the average price for exports to Cameroon ($3,667 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 Tunisia (+53.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Morocco
In 2022, supplies from abroad of iron or steel; non-threaded cotters and cotter-pinses decreased by -50.7% to 176 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 6.4% against the previous year. As a result, imports attained the peak of 398 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses shrank significantly to $1.5M in 2022. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 9.1% against the previous year. As a result, imports reached the peak of $1.9M, and then reduced sharply in the following year.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 553 | 534 | 672 | 441 | -7.3% |
| Spain | 166 | 107 | 202 | 256 | 15.5% |
| Italy | 136 | 191 | 158 | 153 | 4.0% |
| France | 271 | 186 | 246 | 130 | -21.7% |
| South Korea | 50.0 | 55.0 | 45.7 | 63.1 | 8.1% |
| Turkey | 213 | 232 | 97.3 | 38.6 | -43.4% |
| India | 14.1 | 18.6 | 25.9 | 35.1 | 35.5% |
| United Kingdom | 101 | 89.6 | 69.6 | 34.0 | -30.4% |
| Portugal | 25.6 | 29.8 | 47.6 | 6.7 | -36.0% |
| Others | 271 | 343 | 384 | 332 | 7.0% |
| Total | 1,800 | 1,786 | 1,948 | 1,490 | -6.1% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Morocco in 2022:
- China (88.5 tons)
- Spain (36.5 tons)
- Italy (11.6 tons)
- India (9.0 tons)
- France (5.6 tons)
- South Korea (5.2 tons)
- Turkey (5.1 tons)
- Portugal (2.1 tons)
- United Kingdom (2.1 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Morocco
In 2022, exports of iron or steel; non-threaded cotters and cotter-pinses from Morocco plummeted to 393 kg, with a decrease of -90.1% against the previous year's figure. In general, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 316%. As a result, the exports attained the peak of 4 tons, and then fell markedly in the following year.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses reduced sharply to $6.3K in 2022. Overall, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 173% against the previous year. As a result, the exports reached the peak of $41K, and then declined markedly in the following year.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.5 | 1.6 | 0.3 | 1.6 | -23.0% |
| Guinea | 0.9 | 0.4 | 0.7 | 1.3 | 13.0% |
| Djibouti | N/A | 4.0 | 2.9 | 1.2 | -45.2% |
| France | 18.4 | 0.8 | 2.0 | 0.5 | -69.9% |
| Mauritania | 2.8 | 1.0 | 9.6 | 0.4 | -47.7% |
| Cote d'Ivoire | 0.8 | 3.9 | 0.3 | 0.4 | -20.6% |
| Senegal | 0.3 | 0.2 | 11.2 | 0.1 | -30.7% |
| Cameroon | 1.1 | 0.8 | 3.8 | N/A | 85.9% |
| Mali | 4.6 | 0.1 | N/A | N/A | -97.8% |
| Others | 1.1 | 2.2 | 9.9 | 0.8 | -10.1% |
| Total | 33.3 | 14.9 | 40.7 | 6.3 | -42.6% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Morocco in 2022:
- Belgium (114.0 kg)
- Guinea (68.0 kg)
- Djibouti (49.0 kg)
- France (48.0 kg)
- Mauritania (45.0 kg)
- Cote d'Ivoire (43.0 kg)
- Cameroon (9.0 kg)
- Senegal (3.0 kg)
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