Price for Safety Pins and Other Pins; of Iron or Steel in Morocco - 2023

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Morocco (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Morocco (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Morocco
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Morocco

Price for Safety Pins and Other Pins; of Iron or Steel in Morocco (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $2,200 per ton in 2022, dropping by -6% against the previous year. Over the period under review, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38%. As a result, import price reached the peak level of $3,295 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2015 to 2022, the rate of growth in terms of prices for China amounted to -5.8% per year.

Price for Safety Pins and Other Pins; of Iron or Steel in Morocco (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $51,353 per ton, rising by 32% against the previous year. Over the period under review, the export price posted a strong increase. The pace of growth appeared the most rapid in 2019 an increase of 77% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($795,200 per ton), while the average price for exports to Ghana stood at $23,062 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Safety Pins and Other Pins; of Iron or Steel in Morocco

In 2022, approx. 110 tons of safety pins and other pins; of iron or steels were imported into Morocco; picking up by 79% on the previous year's figure. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of safety pins and other pins; of iron or steels surged to $241K in 2022. In general, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Morocco in 2022:

1. China (108.7 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Morocco

Exports of safety pins and other pins; of iron or steels from Morocco soared to 136 kg in 2022, rising by 172% against the year before. Over the period under review, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of safety pins and other pins; of iron or steels skyrocketed to $7K in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Morocco in 2022:

1. Ghana (130.0 kg)
2. Belgium (5.0 kg)

Source: IndexBox Market Intelligence Platform