Price for Chain and Parts Thereof, of Iron or Steel in Morocco - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Morocco (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Morocco (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Morocco
- Exports of Chain and Parts Thereof, of Iron or Steel in Morocco
Price for Chain and Parts Thereof, of Iron or Steel in Morocco (CIF) - 2022
The average import price for chain and parts thereof, of iron or steel stood at $4,067 per ton in 2022, increasing by 5.7% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. The import price peaked at $4,901 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($11,038 per ton), while the price for China ($2,371 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced a decline.
Price for Chain and Parts Thereof, of Iron or Steel in Morocco (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $7,631 per ton in 2022, with an increase of 18% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 an increase of 180% against the previous year. Over the period under review, the average export prices reached the maximum at $17,824 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($58,321 per ton), while the average price for exports to Djibouti ($4,441 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Morocco
In 2022, imports of chain and parts thereof, of iron or steel into Morocco declined modestly to 2.8K tons, shrinking by -4.2% compared with the previous year's figure. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 8.5% against the previous year.
In value terms, imports of chain and parts thereof, of iron or steel stood at $11M in 2022. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 16%.
| Import of Chain and Parts Thereof, of Iron or Steel in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.8 | 2.1 | 3.2 | 3.4 | 6.7% |
| Spain | 1.1 | 1.4 | 2.0 | 1.7 | 15.6% |
| France | 4.3 | 1.5 | 1.2 | 1.5 | -29.6% |
| Italy | 2.0 | 1.2 | 1.5 | 1.2 | -15.7% |
| Germany | 1.6 | 1.4 | 1.4 | 1.2 | -9.1% |
| Turkey | 0.5 | 0.2 | 0.4 | 0.5 | 0.0% |
| United Kingdom | 0.6 | 0.3 | 0.2 | 0.5 | -5.9% |
| Czech Republic | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Others | 1.5 | 1.2 | 1.0 | 1.0 | -12.6% |
| Total | 14.7 | 9.5 | 11.1 | 11.2 | -8.7% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Morocco in 2022:
- China (1431.0 tons)
- Spain (441.8 tons)
- Turkey (175.8 tons)
- France (170.3 tons)
- Italy (155.8 tons)
- Germany (106.4 tons)
- United Kingdom (80.2 tons)
- Czech Republic (52.0 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Morocco
In 2022, overseas shipments of chain and parts thereof, of iron or steel were finally on the rise to reach 22 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed noticeable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of chain and parts thereof, of iron or steel surged to $164K in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Chain and Parts Thereof, of Iron or Steel in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.1 | N/A | N/A | 50.1 | 694.2% |
| Guinea | 16.9 | 15.9 | 1.9 | 23.6 | 11.8% |
| Sudan | N/A | 0.3 | 18.1 | 16.9 | 650.6% |
| France | 3.3 | 1.5 | 3.8 | 16.0 | 69.3% |
| Djibouti | N/A | 31.0 | N/A | 12.7 | -36.0% |
| Mauritania | 24.3 | 10.5 | 2.2 | 8.0 | -31.0% |
| Turkey | N/A | N/A | N/A | 3.5 | 0% |
| China | 6.2 | N/A | N/A | N/A | 0% |
| Italy | N/A | N/A | 9.3 | N/A | 0% |
| Others | 15.5 | 16.6 | 19.8 | 33.5 | 29.3% |
| Total | 66.3 | 75.8 | 55.2 | 164 | 35.2% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Morocco in 2022:
- Belgium (10.0 tons)
- Djibouti (2.9 tons)
- France (2.6 tons)
- Sudan (1.5 tons)
- Guinea (1.3 tons)
- Mauritania (1.1 tons)
- Turkey (0.8 tons)
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