Price for Iron Oxides and Hydroxides in Morocco - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Morocco (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Morocco (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Morocco
- Exports of Iron Oxides and Hydroxides in Morocco
Price for Iron Oxides and Hydroxides in Morocco (CIF) - 2022
The average iron oxides and hydroxides import price stood at $2,315 per ton in December 2022, with a decrease of -58.4% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 175% against the previous month. As a result, import price attained the peak level of $5,572 per ton, and then fell sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,505 per ton), while the price for Spain ($972 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Morocco (FOB) - 2022
The average iron oxides and hydroxides export price stood at $388 per ton in 2022, rising by 45% against the previous year. Over the period under review, the export price recorded significant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 936%. Over the period under review, the average export prices hit record highs at $392 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($2,051 per ton), while the average price for exports to Italy totaled $313 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+8.1%), while the prices for the other major destinations experienced a decline.
Imports of Iron Oxides and Hydroxides in Morocco
In 2022, the amount of iron oxides and hydroxideses imported into Morocco skyrocketed to 3.4K tons, increasing by 18% compared with the previous year's figure. Overall, imports, however, recorded a mild slump.
In value terms, iron oxides and hydroxides imports soared to $8.4M in 2022. Over the period under review, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,732 | 1,342 | 2,233 | 3,354 | 24.6% |
| Germany | 1,427 | 693 | 830 | 1,456 | 0.7% |
| Belgium | 485 | 627 | 702 | 1,054 | 29.5% |
| Switzerland | 640 | 552 | 561 | 865 | 10.6% |
| Spain | 56.4 | 394 | 384 | 577 | 117.1% |
| Colombia | 707 | 175 | 53.9 | 462 | -13.2% |
| Brazil | 156 | 183 | 203 | 305 | 25.0% |
| United Kingdom | 111 | 115 | 103 | 162 | 13.4% |
| Others | 113 | 51.1 | 101 | 178 | 16.4% |
| Total | 5,427 | 4,131 | 5,171 | 8,414 | 15.7% |
Top Suppliers of Iron Oxides and Hydroxides to Morocco in 2022:
- China (1490.2 tons)
- Germany (540.8 tons)
- Belgium (477.7 tons)
- Switzerland (295.6 tons)
- Spain (192.3 tons)
- Colombia (157.7 tons)
- Brazil (87.4 tons)
- United Kingdom (79.8 tons)
Exports of Iron Oxides and Hydroxides in Morocco
In 2022, exports of iron oxides and hydroxideses from Morocco surged to 4.2K tons, with an increase of 62% compared with the previous year's figure. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 225%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, iron oxides and hydroxides exports soared to $1.6M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron Oxides and Hydroxides in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 27.2 | 25.3 | 24.7 | 1,264 | 259.5% |
| Senegal | 12.8 | 4.6 | 5.4 | 373 | 207.7% |
| South Korea | N/A | N/A | 123 | N/A | 0% |
| Austria | 432 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | 269 | 544 | N/A | 102.2% |
| Others | N/A | 0.9 | 1.4 | N/A | 55.6% |
| Total | 472 | 300 | 699 | 1,638 | 51.4% |
Top Export Markets for Iron Oxides and Hydroxides from Morocco in 2022:
- Italy (4.0K tons)
- Senegal (0.2K tons)
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