Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Morocco - 2023
Contents:
- Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Morocco (FOB) - 2022
- Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Morocco (CIF) - 2022
- Exports of Glycosides; Rutoside (Rutin) and Its Derivatives in Morocco
- Imports of Glycosides; Rutoside (Rutin) and Its Derivatives in Morocco
Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Morocco (FOB) - 2022
In 2022, the average export price for glycosides; rutoside (rutin) and its derivativeses amounted to $52,667 per ton, which is down by -17.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. The export price peaked at $64,517 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($57,932 per ton), while the average price for exports to Uruguay ($51,447 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 (+2.3%), while the prices for the other major destinations experienced a decline.
Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Morocco (CIF) - 2022
In 2022, the average import price for glycosides; rutoside (rutin) and its derivativeses amounted to $82,961 per ton, waning by -24.8% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 71% against the previous year. Over the period under review, average import prices attained the maximum at $111,757 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +5.8% per year.
Exports of Glycosides; Rutoside (Rutin) and Its Derivatives in Morocco
For the third consecutive year, Morocco recorded decline in overseas shipments of glycosides; rutoside (rutin) and its derivativeses, which decreased by -51% to 36 tons in 2022. Overall, exports saw a precipitous slump. The smallest decline of -36.2% was in 2021.
In value terms, exports of glycosides; rutoside (rutin) and its derivativeses declined remarkably to $1.9M in 2022. Over the period under review, exports saw a precipitous contraction. The smallest decline of -28.5% was in 2021.
| Export of Glycosides; Rutoside (Rutin) and Its Derivatives in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 4.8 | 0.5 | 1.5 | 1.3 | -35.3% |
| France | 0.9 | 0.3 | 0.2 | 0.4 | -23.7% |
| Germany | 0.5 | 0.4 | 0.4 | 0.2 | -26.3% |
| Spain | 5.4 | 5.3 | 2.6 | N/A | -30.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.7 | 6.5 | 4.7 | 1.9 | -45.4% |
Top Export Markets for Glycosides; Rutoside (Rutin) and Its Derivatives from Morocco in 2022:
- Uruguay (24.4 tons)
- France (8.2 tons)
- Germany (3.2 tons)
Imports of Glycosides; Rutoside (Rutin) and Its Derivatives in Morocco
For the fourth year in a row, Morocco recorded growth in purchases abroad of glycosides; rutoside (rutin) and its derivativeses, which increased by 0.9% to 5.3 tons in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of glycosides; rutoside (rutin) and its derivativeses declined remarkably to $436K in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 90%.
| Import of Glycosides; Rutoside (Rutin) and Its Derivatives in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 210 | 275 | 398 | 435 | 27.5% |
| Spain | N/A | 124 | 176 | N/A | 41.9% |
| Others | 0.8 | 2.7 | 0.3 | 0.7 | -4.4% |
| Total | 211 | 402 | 575 | 436 | 27.4% |
Top Suppliers of Glycosides; Rutoside (Rutin) and Its Derivatives to Morocco in 2022:
- France (5.3 tons)
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