Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Morocco - 2023

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Morocco (CIF) - 2022
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Morocco (FOB) - 2022
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Morocco
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Morocco

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Morocco (CIF) - 2022

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $2,339 per ton in 2022, falling by -31.9% against the previous year. In general, the import price recorded a deep contraction. The growth pace was the most rapid in 2014 when the average import price increased by 137%. As a result, import price reached the peak level of $8,409 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Italy ($8,090 per ton), while the price for China ($1,920 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.4%), while the prices for the other major suppliers experienced a decline.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Morocco (FOB) - 2022

In 2022, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $3,670 per ton, reducing by -2.9% against the previous year. Over the period under review, the export price continues to indicate a significant curtailment. The growth pace was the most rapid in 2014 when the average export price increased by 17%. As a result, the export price reached the peak level of $99,000 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($19,210 per ton), while the average price for exports to Cote d'Ivoire stood at $3,358 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (-40.2%).

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Morocco

In 2022, after three years of growth, there was significant decline in purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses, when their volume decreased by -40% to 130 tons. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 267% against the previous year. As a result, imports attained the peak of 216 tons, and then shrank remarkably in the following year.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses declined notably to $303K in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 207% against the previous year.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Morocco in 2022:

1. China (115.0 tons)
2. Spain (6.4 tons)
3. Turkey (4.0 tons)
4. Italy (2.5 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Morocco

In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses exported from Morocco skyrocketed to 20 tons, rising by 19% compared with the year before. Over the period under review, exports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 585% against the previous year.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses skyrocketed to $73K in 2022. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 678%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Morocco in 2022:

1. Cote d'Ivoire (19.4 tons)
2. Turkey (0.4 tons)

Source: IndexBox Market Intelligence Platform