Morocco - Magnesite - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMagnesite Price in Morocco - 2022
Contents:
- Magnesite Price in Morocco (FOB) - 2022
- Magnesite Price in Morocco (CIF) - 2022
- Magnesite Exports in Morocco
- Magnesite Imports in Morocco
Magnesite Price in Morocco (FOB) - 2022
The average magnesite export price stood at $2,950 per ton in 2022, with a decrease of -7.6% against the previous year. Over the period under review, the export price, however, recorded a significant expansion. The growth pace was the most rapid in 2018 an increase of 100%. The export price peaked at $7,247 per ton in 2019; however, from 2020 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 Spain.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +43.9% per year.
Magnesite Price in Morocco (CIF) - 2022
In 2022, the average magnesite import price amounted to $517 per ton, shrinking by -37.7% against the previous year. Overall, the import price, however, recorded modest growth. The pace of growth was the most pronounced in 2020 an increase of 89% against the previous year. Over the period under review, average import prices attained the maximum at $1,080 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($808 per ton), while the price for Turkey ($124 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the prices for the other major suppliers experienced a decline.
Magnesite Exports in Morocco
In 2022, magnesite exports from Morocco skyrocketed to 101 kg, increasing by 33% on 2021 figures. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, magnesite exports skyrocketed to $298 in 2022. Overall, exports, however, showed a deep downturn.
| Export of Magnesite in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 558 | 354 | 1.0 | 223 | -26.3% |
| Belgium | N/A | N/A | 240 | N/A | 0% |
| Others | N/A | N/A | 2.0 | 75.0 | 3650.0% |
| Total | 558 | 354 | 243 | 298 | -18.9% |
Top Export Markets for Magnesite from Morocco in 2022:
- Spain (31.0 kg)
Magnesite Imports in Morocco
For the fourth year in a row, Morocco recorded growth in overseas purchases of magnesite, which increased by 52% to 211 tons in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 98%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, magnesite imports fell to $109K in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 273% against the previous year.
| Import of Magnesite in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 16.2 | 47.3 | 8.0 | 43.3 | 38.8% |
| China | 4.4 | 8.2 | 10.2 | 8.6 | 25.0% |
| India | 3.0 | 4.8 | 5.1 | 3.7 | 7.2% |
| Turkey | 0.1 | 0.3 | 0.3 | 0.2 | 26.0% |
| South Africa | N/A | 31.2 | 24.8 | N/A | -20.5% |
| Others | 3.9 | 11.3 | 66.5 | 53.0 | 138.6% |
| Total | 27.6 | 103 | 115 | 109 | 58.1% |
Top Suppliers of Magnesite to Morocco in 2022:
- Italy (93.0 tons)
- China (10.7 tons)
- India (6.3 tons)
- Turkey (1.8 tons)
This report provides an in-depth analysis of the magnesite 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 16390-1 - Magnesite
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.
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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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