Liquefied Propane Price in Morocco - 2022

Liquefied Propane Price in Morocco (CIF) - 2022

The average liquefied propane import price stood at $647 per ton in December 2022, rising by 2.6% against the previous month. In general, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in March 2022 an increase of 20% m-o-m. The import price peaked at $947 per ton in April 2022; however, from May 2022 to December 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was France ($686 per ton), while the price for the United States totaled $633 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Tunisia (0.0%), while the prices for the other major suppliers experienced a decline.

Liquefied Propane Price in Morocco (FOB) - 2022

The average liquefied propane export price stood at $1,647 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price showed a notable expansion. The most prominent rate of growth was recorded in 2020 a decrease of -11.5% against the previous year. The export price peaked at $1,861 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 -3.2% per year.

Liquefied Propane Imports in Morocco

In 2022, liquefied propane imports into Morocco rose remarkably to 229K tons, with an increase of 11% on the previous year. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 33%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, liquefied propane imports soared to $176M in 2022. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 124% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Liquefied Propane in Morocco (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	10.5	9.9	41.0	93.5	107.3%
Algeria	21.5	14.5	57.9	26.9	7.8%
Estonia	N/A	N/A	N/A	12.3	0%
Spain	3.1	2.6	3.5	5.8	23.2%
Norway	23.5	12.7	2.4	3.8	-45.5%
Tunisia	4.9	3.2	3.4	3.5	-10.6%
Netherlands	3.0	2.1	2.5	2.7	-3.5%
Nigeria	3.0	1.7	2.2	2.2	-9.8%
Sweden	2.3	1.0	1.6	1.6	-11.4%
Russia	N/A	N/A	12.5	N/A	0%
Others	12.5	13.1	9.4	23.4	23.2%
Total	84.4	60.9	137	176	27.8%

Top Suppliers of Liquefied Propane to Morocco in 2022:

United States (116.1K tons)
Algeria (33.3K tons)
Estonia (16.1K tons)
Spain (6.5K tons)
Netherlands (5.9K tons)
Nigeria (5.1K tons)
Norway (4.9K tons)
Tunisia (4.1K tons)
Sweden (3.7K tons)

Liquefied Propane Exports in Morocco

In 2022, shipments abroad of liquefied propanes decreased by 0% to 1.3 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 40%. As a result, the exports reached the peak of 2.5 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, liquefied propane exports stood at $2.1K in 2022. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year. As a result, the exports reached the peak of $4.1K. From 2021 to 2022, the growth of the exports failed to regain momentum.