Price for Fertilizers; Mineral or Chemical, Phosphatic in Morocco - 2022

Price for Fertilizers; Mineral or Chemical, Phosphatic in Morocco (FOB) - 2022

In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $556 per ton, picking up by 20% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, phosphatic export price increased by +91.4% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($625 per ton), while the average price for exports to Belgium ($379 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 the United States (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fertilizers; Mineral or Chemical, Phosphatic in Morocco (CIF) - 2022

In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $966 per ton, with a decrease of -1.7% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 264% against the previous year. The import price peaked at $2,674 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 Spain amounted to +1.6% per year.

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Morocco

In 2022, the amount of fertilizers; mineral or chemical, phosphatics exported from Morocco soared to 2.3M tons, growing by 91% on the year before. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fertilizers; mineral or chemical, phosphatic exports skyrocketed to $1.3B in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Fertilizers; Mineral or Chemical, Phosphatic in Morocco (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	137	133	223	529	56.9%
Bangladesh	120	30.6	182	431	53.1%
United States	21.1	22.6	39.7	94.1	64.6%
France	13.5	23.3	29.1	68.9	72.2%
Cote d'Ivoire	15.8	15.3	22.7	53.7	50.4%
Belgium	10.3	12.2	7.4	23.3	31.3%
Ghana	8.7	8.3	9.7	23.1	38.5%
Others	35.1	32.0	40.0	41.1	5.4%
Total	362	277	554	1,264	51.7%

Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Morocco in 2022:

Brazil (976.8K tons)
Bangladesh (703.0K tons)
United States (150.6K tons)
France (131.2K tons)
Cote d'Ivoire (108.2K tons)
Belgium (61.5K tons)
Ghana (46.3K tons)

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Morocco

In 2022, the amount of fertilizers; mineral or chemical, phosphatics imported into Morocco expanded remarkably to 910 tons, surging by 10% on 2021. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 861% against the previous year. As a result, imports attained the peak of 3.5K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, fertilizers; mineral or chemical, phosphatic imports rose notably to $879K in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 300%. As a result, imports reached the peak of $947K. From 2021 to 2022, the growth of imports failed to regain momentum.