Morocco - Barytes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaryte Price in Morocco - 2022
Contents:
- Baryte Price in Morocco (FOB) - 2022
- Baryte Price in Morocco (CIF) - 2022
- Baryte Exports in Morocco
- Baryte Imports in Morocco
Baryte Price in Morocco (FOB) - 2022
The average baryte export price stood at $103 per ton in December 2022, waning by -2.3% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average export price increased by 33% m-o-m. As a result, the export price reached the peak level of $138 per ton. From November 2022 to December 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($114 per ton), while the average price for exports to Egypt ($75.0 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Baryte Price in Morocco (CIF) - 2022
In December 2022, the average baryte import price amounted to $586 per ton, picking up by 6.3% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in August 2022 when the average import price increased by 9.5% month-to-month. As a result, import price attained the peak level of $614 per ton. From September 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from the Netherlands ($686 per ton) and Spain ($684 per ton), while the price for China ($548 per ton) and Turkey ($560 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Baryte Exports in Morocco
Baryte exports from Morocco expanded significantly to 1.2M tons in 2022, increasing by 8.5% compared with 2021 figures. Overall, exports recorded tangible growth. The pace of growth was the most pronounced in 2021 when exports increased by 163% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, baryte exports soared to $116M in 2022. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 154%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Baryte in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 45.3 | 2.4 | 40.5 | 45.2 | -0.1% |
| Argentina | 7.0 | 3.1 | 12.7 | 16.4 | 32.8% |
| Mexico | N/A | N/A | 2.5 | 9.6 | 284.0% |
| Spain | 4.1 | 4.9 | 6.5 | 7.9 | 24.4% |
| Netherlands | 11.4 | 7.3 | 6.4 | 7.1 | -14.6% |
| Norway | 5.4 | 5.1 | 8.1 | 5.1 | -1.9% |
| Trinidad and Tobago | 2.1 | 2.5 | 2.8 | 3.7 | 20.8% |
| Egypt | N/A | 1.2 | N/A | 1.9 | 25.8% |
| Colombia | N/A | 0.5 | 2.6 | 1.9 | 94.9% |
| Turkey | 0.1 | 0.1 | 0.7 | 1.7 | 157.1% |
| Tunisia | 3.6 | 1.4 | N/A | 1.1 | -32.6% |
| United Kingdom | 2.4 | 1.7 | 2.8 | N/A | 8.0% |
| Others | 17.1 | 8.5 | 13.1 | 14.2 | -6.0% |
| Total | 98.5 | 38.8 | 98.8 | 116 | 5.6% |
Top Export Markets for Baryte from Morocco in 2022:
- United States (476.6K tons)
- Argentina (151.3K tons)
- Mexico (122.6K tons)
- Netherlands (84.2K tons)
- Spain (70.4K tons)
- Norway (46.6K tons)
- Trinidad and Tobago (42.0K tons)
- Egypt (25.8K tons)
- Turkey (21.6K tons)
- Colombia (19.0K tons)
- Tunisia (14.6K tons)
- United Kingdom (0.2K tons)
Baryte Imports in Morocco
In 2022, approx. 3.1K tons of barytes were imported into Morocco; shrinking by -10.1% compared with the previous year's figure. In general, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year.
In value terms, baryte imports shrank to $1.7M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of $1.8M, and then reduced in the following year.
| Import of Baryte in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,182 | 839 | 1,010 | 691 | -16.4% |
| Turkey | N/A | 1.7 | 128 | 539 | 1680.6% |
| Spain | 325 | 322 | 474 | 338 | 1.3% |
| Netherlands | 59.2 | 60.4 | 96.3 | 109 | 22.6% |
| Others | 86.7 | 45.6 | 79.4 | 1.1 | -76.7% |
| Total | 1,653 | 1,268 | 1,788 | 1,679 | 0.5% |
Top Suppliers of Baryte to Morocco in 2022:
- China (1376.5 tons)
- Turkey (1086.0 tons)
- Spain (513.0 tons)
- Netherlands (162.0 tons)
This report provides an in-depth analysis of the baryte market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- UNCode 16190-2 - Barytes, whether or not calcined
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2020, the global baryte market fell by 15%, hampered by a severe decline seen in the oil industry, which currently consumes 80% of the total baryte output. India remained the only country to maintain 2019 production figures. While the oil industry is set to operate at minimum production levels in the medium term, alternative chemical, coating, and construction baryte applications may emerge as market drivers.
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In 2020, the global baryte market fell by 15%, hampered by a severe decline seen in the oil industry, which currently consumes 80% of the total baryte output. India remained the only country to maintain 2019 production figures. While the oil industry is set to operate at minimum production levels in the medium term, alternative chemical, coating, and construction baryte applications may emerge as market drivers.
1343
In 2016, approx. X tons of baryte were imported worldwide- lowering by -X% against the previous year figure. In general, baryte imports continue to indicate a moderate reduction. The most prom...
1022
In 2016, approx. X tons of baryte were imported worldwide- lowering by -X% against the previous year figure. In general, baryte imports continue to indicate a moderate reduction. The most prom...
