Price for Sulphites; Other than of Sodium in Morocco - 2023

Price for Sulphites; Other than of Sodium in Morocco (CIF) - 2022

In 2022, the average import price for sulphites; other than of sodia amounted to $1,158 per ton, with an increase of 39% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; other than of sodium import price decreased by -11.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 63% against the previous year. As a result, import price attained the peak level of $1,313 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 Germany ($1,559 per ton), while the price for Turkey ($877 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sulphites; Other than of Sodium in Morocco (FOB) - 2022

In 2022, the average export price for sulphites; other than of sodia amounted to $1,127 per ton, picking up by 6.7% against the previous year. Overall, the export price posted a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 35%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

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

From 2017 to 2022, the rate of growth in terms of prices for Mauritania amounted to +10.8% per year.

Imports of Sulphites; Other than of Sodium in Morocco

In 2022, sulphites; other than of sodium imports into Morocco fell significantly to 182 tons, waning by -15.5% on 2021 figures. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 96% against the previous year.

In value terms, sulphites; other than of sodium imports skyrocketed to $211K in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Sulphites; Other than of Sodium in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	17.9	4.2	5.5	84.2	67.6%
Germany	5.5	4.1	16.0	37.9	90.3%
France	20.1	5.9	23.5	32.2	17.0%
Italy	24.5	10.6	4.7	27.1	3.4%
Netherlands	36.9	19.7	57.8	N/A	25.2%
Others	86.0	100	72.1	29.4	-30.1%
Total	191	145	180	211	3.4%

Top Suppliers of Sulphites; Other than of Sodium to Morocco in 2022:

Turkey (96.0 tons)
Italy (30.7 tons)
France (26.9 tons)
Germany (24.3 tons)

Exports of Sulphites; Other than of Sodium in Morocco

In 2022, the amount of sulphites; other than of sodia exported from Morocco surged to 8 tons, rising by 54% against the previous year's figure. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphites; other than of sodium exports skyrocketed to $9K in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.