Price for Ammonia; Anhydrous or in Aqueous Solution in Morocco - 2023
Contents:
- Price for Ammonia; Anhydrous or in Aqueous Solution in Morocco (CIF) - 2023
- Price for Ammonia; Anhydrous or in Aqueous Solution in Morocco (FOB) - 2022
- Imports of Ammonia; Anhydrous or in Aqueous Solution in Morocco
- Exports of Ammonia; Anhydrous or in Aqueous Solution in Morocco
Price for Ammonia; Anhydrous or in Aqueous Solution in Morocco (CIF) - 2023
The average import price for ammonia; anhydrous or in aqueous solutia stood at $1,075 per ton in December 2022, dropping by -2.7% against the previous month. In general, the import price saw a pronounced contraction. The pace of growth was the most pronounced in October 2022 when the average import price increased by 4.3% month-to-month. The import price peaked at $1,233 per ton in June 2022; however, from July 2022 to December 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Trinidad and Tobago ($1,134 per ton) and Bangladesh ($1,091 per ton), while the price for Brazil ($1,016 per ton) and Saudi Arabia ($1,023 per ton) were amongst the lowest.
From June 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Oman (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ammonia; Anhydrous or in Aqueous Solution in Morocco (FOB) - 2022
The average export price for ammonia; anhydrous or in aqueous solutia stood at $1,057 per ton in 2022, which is down by -13.2% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 87% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,503 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($1,584 per ton), while the average price for exports to Mauritania stood at $989 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+0.9%).
Imports of Ammonia; Anhydrous or in Aqueous Solution in Morocco
Imports of ammonia; anhydrous or in aqueous solutia into Morocco skyrocketed to 3.1M tons in 2022, rising by 87% compared with the previous year's figure. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of ammonia; anhydrous or in aqueous solutia surged to $2.1B in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ammonia; Anhydrous or in Aqueous Solution in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 114 | 155 | 242 | 1,115 | 113.9% |
| Russia | 191 | 152 | 331 | 296 | 15.7% |
| United States | 5.1 | 8.2 | 8.2 | 182 | 229.2% |
| Indonesia | N/A | N/A | N/A | 120 | 0% |
| Algeria | 3.0 | 13.2 | 43.4 | 63.9 | 177.2% |
| Ukraine | 18.0 | 18.5 | 18.2 | 26.1 | 13.2% |
| Saudi Arabia | 7.8 | 4.7 | 15.7 | 22.5 | 42.4% |
| Latvia | 14.5 | 15.2 | 15.2 | 22.0 | 14.9% |
| Others | 37.8 | 53.2 | 96.1 | 258 | 89.7% |
| Total | 391 | 420 | 770 | 2,106 | 75.3% |
Top Suppliers of Ammonia; Anhydrous or in Aqueous Solution to Morocco in 2022:
- Trinidad and Tobago (1381.3K tons)
- Russia (656.0K tons)
- United States (442.7K tons)
- Algeria (119.3K tons)
- Latvia (89.4K tons)
- Ukraine (83.2K tons)
- Indonesia (70.6K tons)
- Saudi Arabia (54.8K tons)
Exports of Ammonia; Anhydrous or in Aqueous Solution in Morocco
For the fourth consecutive year, Morocco recorded growth in overseas shipments of ammonia; anhydrous or in aqueous solutia, which increased by 80% to 5.1 tons in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 123%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of ammonia; anhydrous or in aqueous solutia skyrocketed to $5.3K in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 196%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Ammonia; Anhydrous or in Aqueous Solution in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | 0.9 | 1.2 | 3.3 | 4.4 | 69.7% |
| Senegal | N/A | N/A | N/A | 0.9 | 0% |
| France | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.9 | 1.2 | 3.4 | 5.3 | 80.6% |
Top Export Markets for Ammonia; Anhydrous or in Aqueous Solution from Morocco in 2022:
- Mauritania (4.5 tons)
- Senegal (0.6 tons)
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This report provides an in-depth analysis of the market for ammonia in aqueous solution in Morocco.
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