Price for Aluminium Waste and Scrap in Morocco - 2022

Contents:

1. Price for Aluminium Waste and Scrap in Morocco (FOB) - 2022
2. Price for Aluminium Waste and Scrap in Morocco (CIF) - 2022
3. Exports of Aluminium Waste and Scrap in Morocco
4. Imports of Aluminium Waste and Scrap in Morocco

Price for Aluminium Waste and Scrap in Morocco (FOB) - 2022

The average aluminium waste and scrap export price stood at $1,861 per ton in December 2022, surging by 7% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2022 when the average export price increased by 27% against the previous month. Over the period under review, the average export prices reached the peak figure at $2,321 per ton in May 2022; however, from June 2022 to December 2022, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($2,341 per ton), while the average price for exports to India ($1,480 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 Belgium (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Aluminium Waste and Scrap in Morocco (CIF) - 2022

In 2022, the average aluminium waste and scrap import price amounted to $1,289 per ton, dropping by -19.3% against the previous year. Overall, the import price saw a mild setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 73% against the previous year. The import price peaked at $1,989 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +181.4% per year.

Exports of Aluminium Waste and Scrap in Morocco

Aluminium waste and scrap exports from Morocco declined sharply to 36K tons in 2022, waning by -29.3% against 2021 figures. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 141% against the previous year. As a result, the exports reached the peak of 51K tons, and then contracted sharply in the following year.

In value terms, aluminium waste and scrap exports declined significantly to $59M in 2022. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 187% against the previous year. As a result, the exports reached the peak of $87M, and then declined rapidly in the following year.

Top Export Markets for Aluminium Waste and Scrap from Morocco in 2022:

1. India (10.1K tons)
2. China (7.4K tons)
3. Spain (5.7K tons)
4. Turkey (3.9K tons)
5. France (3.2K tons)
6. Italy (1.2K tons)
7. Belgium (1.1K tons)

Imports of Aluminium Waste and Scrap in Morocco

In 2022, approx. 231 tons of aluminium waste and scraps were imported into Morocco; picking up by 252% compared with the previous year's figure. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 353% against the previous year. As a result, imports reached the peak of 416 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium waste and scrap imports skyrocketed to $298K in 2022. In general, imports recorded a prominent increase.

Top Suppliers of Aluminium Waste and Scrap to Morocco in 2022:

1. Spain (230.9 tons)

Source: IndexBox Market Intelligence Platform