Report Update: May 1, 2024

Morocco - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights

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Pig Iron Price in Morocco - 2022

Pig Iron Price in Morocco (CIF) - 2022

In 2022, the average pig iron import price amounted to $817 per ton, jumping by 97% against the previous year. In general, the import price posted a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($841 per ton), while the price for Brazil ($431 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Pig Iron Price in Morocco (FOB) - 2022

The average pig iron export price stood at $829 per ton in 2022, leveling off at the previous year. Overall, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 85% against the previous year. The export price peaked at $2,515 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($2,733 per ton), while the average price for exports to Cote d'Ivoire stood at $695 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (-10.2%), while the prices for the other major destinations experienced a decline.

Pig Iron Imports in Morocco

In 2022, overseas purchases of pig iron and spiegeleisen decreased by -72.6% to 783 tons, falling for the second year in a row after two years of growth. In general, imports faced a significant contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 54%. As a result, imports reached the peak of 3.2K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, pig iron imports dropped dramatically to $640K in 2022. Over the period under review, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of $1.2M, and then fell markedly in the following year.

Import of Pig Iron in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	74.1	163	170	335	65.4%
South Africa	23.2	44.7	49.1	148	85.5%
Russia	339	230	269	135	-26.4%
Norway	41.0	11.1	15.3	22.7	-17.9%
Spain	132	118	39.7	N/A	-45.2%
Turkey	43.0	89.0	155	N/A	89.9%
Egypt	75.4	58.9	N/A	N/A	-21.9%
Netherlands	59.5	118	133	N/A	49.5%
Ukraine	105	108	55.2	N/A	-27.5%
Others	86.3	127	303	N/A	87.4%
Total	979	1,067	1,188	640	-13.2%

Top Suppliers of Pig Iron to Morocco in 2022:

Brazil (776.7 tons)
South Africa (219.2 tons)
Russia (190.1 tons)
Norway (27.0 tons)

Pig Iron Exports in Morocco

In 2022, overseas shipments of pig iron and spiegeleisen decreased by -24.6% to 1.5 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, the exports attained the peak of 2 tons, and then shrank rapidly in the following year.

In value terms, pig iron exports fell dramatically to $1.2K in 2022. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 99% against the previous year.

Export of Pig Iron in Morocco (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	904	547	1,352	1,075	5.9%
Cote d'Ivoire	767	269	278	148	-42.2%
Others	3.0	2.0	N/A	1.0	-30.7%
Total	1,674	818	1,630	1,224	-9.9%

Top Export Markets for Pig Iron from Morocco in 2022:

Turkey (393.0 kg)
Cote d'Ivoire (213.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pig iron 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:

Prodcom 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023