Sulphates; of Magnesium Price in Morocco - 2022

Sulphates; of Magnesium Price in Morocco (CIF) - 2022

In 2022, the average sulphates; of magnesium import price amounted to $441 per ton, declining by -13.3% against the previous year. Over the period under review, the import price, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 89% against the previous year. The import price peaked at $508 per ton in 2021, and then fell in the following year.

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 Ireland ($1,064 per ton), while the price for India ($203 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Magnesium Price in Morocco (FOB) - 2022

The average sulphates; of magnesium export price stood at $417 per ton in 2022, approximately mirroring the previous year. Overall, the export price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2019 an increase of 66% against the previous year. The export price peaked at $656 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to +0.5% per year.

Sulphates; of Magnesium Imports in Morocco

In 2022, imports of sulphates; of magnesia into Morocco rose significantly to 13K tons, surging by 9.8% compared with the previous year. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 24%. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sulphates; of magnesium imports dropped to $5.7M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 22%.

Import of Sulphates; of Magnesium in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ireland	2,631	3,168	1,907	3,189	6.6%
Germany	656	697	785	1,314	26.1%
China	642	1,063	464	543	-5.4%
Egypt	243	177	320	535	30.1%
India	211	136	53.4	49.8	-38.2%
Others	80.0	217	2,510	118	13.8%
Total	4,464	5,457	6,039	5,748	8.8%

Top Suppliers of Sulphates; of Magnesium to Morocco in 2022:

Germany (5.1K tons)
Ireland (3.0K tons)
China (2.6K tons)
Egypt (1.9K tons)
India (0.2K tons)

Sulphates; of Magnesium Exports in Morocco

In 2022, after three years of growth, there was significant decline in overseas shipments of sulphates; of magnesia, when their volume decreased by -24.1% to 4.3 tons. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,375% against the previous year.

In value terms, sulphates; of magnesium exports contracted remarkably to $1.8K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,007% against the previous year.