Price for Inorganic Acids; Other than Hydrogen Fluoride in Morocco - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Morocco (FOB) - 2023
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Morocco (CIF) - 2022
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in Morocco
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in Morocco
Price for Inorganic Acids; Other than Hydrogen Fluoride in Morocco (FOB) - 2023
In June 2023, the average export price for inorganic acids; other than hydrogen fluorides amounted to $1,642 per ton, shrinking by -2.2% against the previous month. Overall, the export price showed a noticeable downturn. The growth pace was the most rapid in September 2022 when the average export price increased by 16% m-o-m. Over the period under review, the average export prices reached the maximum at $2,216 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Tunisia.
From July 2022 to June 2023, the rate of growth in terms of prices for Tunisia amounted to +0.5% per month.
Price for Inorganic Acids; Other than Hydrogen Fluoride in Morocco (CIF) - 2022
The average import price for inorganic acids; other than hydrogen fluorides stood at $1,137 per ton in 2022, falling by -38.3% against the previous year. In general, the import price, however, recorded mild growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 155%. As a result, import price reached the peak level of $2,655 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($4,967 per ton), while the price for Taiwan (Chinese) ($418 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.4%), while the prices for the other major suppliers experienced a decline.
Exports of Inorganic Acids; Other than Hydrogen Fluoride in Morocco
Exports of inorganic acids; other than hydrogen fluorides from Morocco reached 4.5K tons in 2022, stabilizing at the previous year. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 21%.
In value terms, exports of inorganic acids; other than hydrogen fluorides surged to $8.5M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 52%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 2.6 | 0% |
| Tunisia | 2.3 | 2.6 | 2.6 | 2.3 | 0.0% |
| Algeria | N/A | 0.7 | N/A | 1.7 | 55.8% |
| Ecuador | N/A | N/A | 2.8 | 1.7 | -39.3% |
| Greece | 1.1 | 0.7 | N/A | N/A | -36.4% |
| Mexico | N/A | N/A | 1.5 | N/A | 0% |
| Czech Republic | 2.2 | 0.4 | N/A | N/A | -81.8% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 5.6 | 4.6 | 7.0 | 8.5 | 14.9% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Morocco in 2022:
- Tunisia (1398.0 tons)
- United States (1315.2 tons)
- Ecuador (1000.2 tons)
- Algeria (710.7 tons)
Imports of Inorganic Acids; Other than Hydrogen Fluoride in Morocco
In 2022, overseas purchases of inorganic acids; other than hydrogen fluorides were finally on the rise to reach 161 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of inorganic acids; other than hydrogen fluorides soared to $183K in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 22.5 | 89.2 | N/A | 93.9 | 61.0% |
| Taiwan (Chinese) | 16.2 | N/A | N/A | 48.0 | 43.6% |
| Spain | 7.5 | 11.2 | 4.9 | 20.6 | 40.0% |
| China | 62.9 | 33.7 | 39.9 | 10.1 | -45.6% |
| Russia | 13.4 | N/A | N/A | N/A | 0% |
| Others | 11.4 | 46.8 | 54.3 | 10.2 | -3.6% |
| Total | 134 | 181 | 99.1 | 183 | 10.9% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Morocco in 2022:
- Taiwan (Chinese) (114.6 tons)
- India (18.9 tons)
- Spain (14.6 tons)
- China (12.0 tons)
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