Salts; Sodium Dichromate Price in Morocco - 2023

Salts; Sodium Dichromate Price in Morocco (CIF) - 2022

The average salts; sodium dichromate import price stood at $1,297 per ton in 2022, flattening at the previous year. In general, the import price, however, recorded a deep reduction. Over the period under review, average import prices reached the peak figure at $3,147 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 South Africa ($1,078 per ton), while the price for Russia amounted to $595 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-10.1%).

Salts; Sodium Dichromate Price in Morocco (FOB) - 2022

The average salts; sodium dichromate export price stood at $2,205 per ton in 2022, jumping by 29% against the previous year. Overall, the export price, however, showed a perceptible decrease. The export price peaked at $3,622 per ton in 2016; however, from 2017 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 Mauritania.

From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to -4.6% per year.

Salts; Sodium Dichromate Imports in Morocco

In 2022, the amount of salts; sodium dichromate imported into Morocco shrank slightly to 20 tons, leveling off at 2021 figures. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 0.6%.

In value terms, salts; sodium dichromate imports reduced to $26K in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 0.3% against the previous year.

Import of Salts; Sodium Dichromate in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	13.9	9.6	9.0	8.0	-16.8%
Russia	17.8	7.5	7.0	7.5	-25.0%
Others	10.9	8.9	10.0	10.6	-0.9%
Total	42.7	26.0	26.1	26.0	-15.2%

Top Suppliers of Salts; Sodium Dichromate to Morocco in 2022:

Russia (12.5 tons)
South Africa (7.4 tons)

Salts; Sodium Dichromate Exports in Morocco

In 2022, after three years of growth, there was significant decline in overseas shipments of salts; sodium dichromate, when their volume decreased by -21.5% to 816 kg. Over the period under review, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. As a result, the exports reached the peak of 1 tons, and then reduced rapidly in the following year.

In value terms, salts; sodium dichromate exports reached $1.8K in 2022. The total export value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $1.8K; afterwards, it flattened through to 2022.