Price for Petroleum Gases and Other Gaseous Hydrocarbons in Morocco - 2023
Contents:
- Price for Petroleum Gases and Other Gaseous Hydrocarbons in Morocco (CIF) - 2022
- Price for Petroleum Gases and Other Gaseous Hydrocarbons in Morocco (FOB) - 2022
- Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Morocco
- Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Morocco
Price for Petroleum Gases and Other Gaseous Hydrocarbons in Morocco (CIF) - 2022
In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $529 per ton, falling by -4.3% against the previous year. Overall, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. The import price peaked at $793 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($841 per ton), while the price for the United States ($466 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+20.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Petroleum Gases and Other Gaseous Hydrocarbons in Morocco (FOB) - 2022
In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $1,609 per ton, rising by 61% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 540% against the previous year. The export price peaked at $11,609 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritania ($1,591 per ton), while the average price for exports to the UK stood at $514 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-12.9%).
Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Morocco
After two years of decline, supplies from abroad of petroleum gases and other gaseous hydrocarbonses increased by 39% to 4.9M tons in 2022. The total import volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $2.6B in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Petroleum Gases and Other Gaseous Hydrocarbons in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 506 | 419 | 866 | 1,855 | 54.2% |
| Spain | 181 | 143 | 256 | 318 | 20.7% |
| United Kingdom | 113 | 63.6 | 78.4 | 98.3 | -4.5% |
| France | 48.0 | 88.9 | 56.4 | 71.5 | 14.2% |
| Estonia | 4.8 | N/A | N/A | 65.6 | 139.1% |
| Algeria | 444 | 356 | 541 | 59.5 | -48.8% |
| Norway | 90.9 | 95.1 | 16.9 | 7.8 | -55.9% |
| Others | 74.7 | 92.3 | 125 | 113 | 14.8% |
| Total | 1,462 | 1,258 | 1,940 | 2,589 | 21.0% |
Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Morocco in 2022:
- United States (3978.8K tons)
- Spain (395.9K tons)
- United Kingdom (116.9K tons)
- Estonia (91.3K tons)
- France (90.6K tons)
- Algeria (72.4K tons)
- Norway (9.8K tons)
Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Morocco
Exports of petroleum gases and other gaseous hydrocarbonses from Morocco soared to 5.2 tons in 2022, rising by 520,600% on 2021 figures. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of petroleum gases and other gaseous hydrocarbonses soared to $8.4K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Gases and Other Gaseous Hydrocarbons in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | 2.2 | 4.1 | N/A | 8.2 | 55.0% |
| Others | 1.4 | 0.3 | N/A | 0.2 | -47.7% |
| Total | 3.6 | 4.4 | N/A | 8.4 | 32.6% |
Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Morocco in 2022:
- Mauritania (5.2 tons)
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