Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Morocco - 2023

Contents:

1. Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Morocco (CIF) - 2022
2. Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Morocco (FOB) - 2022
3. Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Morocco
4. Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Morocco

Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Morocco (CIF) - 2022

In 2022, the average import price for fertilizers, mineral or chemical amounted to $342 per ton, which is down by -11.4% against the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 56%. Over the period under review, average import prices attained the peak figure at $648 per ton in 2013; however, from 2014 to 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 Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -3.2% per year.

Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Morocco (FOB) - 2022

The average export price for fertilizers, mineral or chemical stood at $437 per ton in 2020, rising by 77% against the previous year. Over the period under review, the export price continues to indicate a significant increase. The export price peaked at $1,250 per ton in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Ghana amounted to -9.9% per year.

Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Morocco

In 2022, purchases abroad of fertilizers, mineral or chemical decreased by -33.6% to 739 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 390%. As a result, imports attained the peak of 4.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of fertilizers, mineral or chemical shrank rapidly to $252K in 2022. In general, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 206%. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Morocco in 2022:

1. Spain (739.0 tons)

Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Morocco

In 2020, the amount of fertilizers, mineral or chemical exported from Morocco shrank dramatically to 1.5K tons, which is down by -25% on 2019. In general, exports saw a precipitous decrease.

In value terms, exports of fertilizers, mineral or chemical soared to $656K in 2020. The total export value increased at an average annual rate of +32.9% over the period from 2019 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Morocco in 2022:

1. Mozambique (1.5K tons)

Source: IndexBox Market Intelligence Platform