Price for Hot-Rolled Wire Rod in Coils in Morocco - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Morocco (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Morocco (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Morocco
- Exports of Hot-Rolled Wire Rod in Coils in Morocco
Price for Hot-Rolled Wire Rod in Coils in Morocco (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $863 per ton, with an increase of 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 an increase of 21%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($1,043 per ton) and Italy ($787 per ton), while the price for Spain ($759 per ton) and Egypt ($765 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Morocco (FOB) - 2022
The average export price for hot-rolled wire rods in coils stood at $1,064 per ton in 2022, rising by 23% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 75%. The export price peaked at $1,075 per ton in 2012; afterwards, it flattened through to 2022.
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 ($1,121 per ton), while the average price for exports to Mali ($451 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 Senegal (+1.2%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Wire Rod in Coils in Morocco
For the third consecutive year, Morocco recorded decline in purchases abroad of hot-rolled wire rods in coils, which decreased by -10.2% to 51K tons in 2022. Over the period under review, imports recorded a sharp decline.
In value terms, hot-rolled wire rod in coils imports totaled $44M in 2022. In general, imports recorded a dramatic decline.
| Import of Hot-Rolled Wire Rod in Coils in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 39.6 | 23.0 | 14.5 | 17.3 | -24.1% |
| Portugal | 45.7 | 31.9 | 12.0 | 11.5 | -36.9% |
| Spain | 7.3 | 7.1 | 6.2 | 5.6 | -8.5% |
| Germany | 8.3 | 7.6 | 6.1 | 5.2 | -14.4% |
| Egypt | 1.9 | 2.2 | 2.4 | 2.7 | 12.4% |
| Italy | 5.4 | 2.8 | 2.1 | 1.6 | -33.3% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 108 | 74.8 | 43.4 | 44.1 | -25.8% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Morocco in 2022:
- Turkey (16.6K tons)
- Portugal (14.8K tons)
- Spain (7.4K tons)
- Germany (6.6K tons)
- Egypt (3.5K tons)
- Italy (2.1K tons)
Exports of Hot-Rolled Wire Rod in Coils in Morocco
In 2022, the amount of hot-rolled wire rods in coils exported from Morocco declined markedly to 95 tons, shrinking by -99.6% on the previous year's figure. Overall, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 120,383%. As a result, the exports reached the peak of 24K tons, and then declined significantly in the following year.
In value terms, hot-rolled wire rod in coils exports reduced remarkably to $101K in 2022. In general, exports faced a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 210,679% against the previous year. As a result, the exports reached the peak of $21M, and then contracted dramatically in the following year.
| Export of Hot-Rolled Wire Rod in Coils in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 2.2 | N/A | 4.0 | 0.1 | -64.3% |
| Benin | 0.2 | N/A | 0.3 | N/A | 22.5% |
| Mali | N/A | N/A | 0.1 | N/A | 0% |
| Germany | N/A | N/A | 16.4 | N/A | 0% |
| United States | 4.5 | N/A | N/A | N/A | 0% |
| Mauritania | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.1 | N/A | 20.9 | 0.1 | -75.9% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Morocco in 2022:
- Senegal (82.5 tons)
- Benin (7.3 tons)
- Mali (2.4 tons)
- Mauritania (2.0 tons)
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