Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Morocco - 2022

Contents:

1. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Morocco (CIF) - 2022
2. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Morocco (FOB) - 2022
3. Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Morocco
4. Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Morocco

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Morocco (CIF) - 2022

In March 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $1,617 per ton, stabilizing at the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $152K per ton in June 2021; however, from July 2021 to March 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From March 2021 to March 2022, the rate of growth in terms of prices for the United States amounted to +0.3% per month.

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Morocco (FOB) - 2022

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $4,117 per ton, approximately equating the previous year. In general, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2019 an increase of 2.2% against the previous year. Over the period under review, the average export prices hit record highs at $8,037 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Mauritania.

From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to -6.7% per year.

Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Morocco

In 2022, the amount of residues; of petroleum oils or of oils obtained from bituminous mineralses imported into Morocco contracted sharply to 146 tons, declining by -31.7% compared with 2021 figures. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 9,832% against the previous year. As a result, imports attained the peak of 214 tons, and then dropped significantly in the following year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses dropped notably to $224K in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 4,873% against the previous year. As a result, imports reached the peak of $345K, and then contracted remarkably in the following year.

Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Morocco in 2022:

1. United States (145.8 tons)

Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Morocco

In 2022, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses from Morocco stood at 77 kg, stabilizing at the year before. Overall, exports faced a precipitous decrease. The smallest decline of -99.9% was in 2020.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses totaled $317 in 2022. In general, exports faced a significant decrease. The smallest decline of -99.9% was in 2020.

Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Morocco in 2022:

1. Mauritania (77.0 kg)

Source: IndexBox Market Intelligence Platform