Price for Carbides, Whether or Not Chemically Defined in Morocco - 2023

Price for Carbides, Whether or Not Chemically Defined in Morocco (CIF) - 2022

The average import price for carbides, whether or not chemically defineds stood at $2,032 per ton in 2022, with an increase of 44% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($2,498 per ton) and Russia ($2,114 per ton), while the price for Slovakia ($1,792 per ton) and India ($1,986 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Carbides, Whether or Not Chemically Defined in Morocco (FOB) - 2022

The average export price for carbides, whether or not chemically defineds stood at $1,256 per ton in 2022, stabilizing at the previous year. Overall, the export price showed a perceptible setback. The pace of growth was the most pronounced in 2020 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the peak figure at $2,025 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 Italy.

From 2014 to 2022, the rate of growth in terms of prices for Belgium amounted to 0.0% per year.

Imports of Carbides, Whether or Not Chemically Defined in Morocco

In 2022, after two years of decline, there was growth in supplies from abroad of carbides, whether or not chemically defineds, when their volume increased by 0.9% to 1.2K tons. Over the period under review, imports, however, showed a abrupt shrinkage.

In value terms, imports of carbides, whether or not chemically defineds skyrocketed to $2.5M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Carbides, Whether or Not Chemically Defined in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	434	246	483	1,252	42.4%
China	226	336	112	569	36.0%
Slovakia	84.7	118	97.1	445	73.8%
Italy	98.0	65.6	61.9	125	8.4%
Russia	172	89.7	151	57.1	-30.8%
India	15.4	14.9	11.0	41.7	39.4%
Hong Kong SAR	71.6	N/A	N/A	N/A	0%
Others	565	462	813	21.2	-66.5%
Total	1,666	1,334	1,729	2,512	14.7%

Top Suppliers of Carbides, Whether or Not Chemically Defined to Morocco in 2022:

Spain (598.4 tons)
China (284.5 tons)
Slovakia (248.6 tons)
Italy (50.2 tons)
Russia (27.0 tons)
India (21.0 tons)

Exports of Carbides, Whether or Not Chemically Defined in Morocco

After two years of decline, overseas shipments of carbides, whether or not chemically defineds decreased by 0% to 1.9 tons in 2022. Overall, exports recorded a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of carbides, whether or not chemically defineds amounted to $2.5K in 2022. In general, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in the near future.