Price for Hydroxide and Peroxide of Magnesium in Morocco - 2022
Contents:
- Price for Hydroxide and Peroxide of Magnesium in Morocco (CIF) - 2022
- Imports of Hydroxide and Peroxide of Magnesium in Morocco
Price for Hydroxide and Peroxide of Magnesium in Morocco (CIF) - 2022
The average import price for hydroxide and peroxide of magnesia stood at $4,053 per ton in 2022, falling by -6.8% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydroxide and peroxide of magnesium import price increased by +86.7% against 2014 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 42%. The import price peaked at $4,348 per ton in 2021, and then reduced in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($4,789 per ton), while the price for Belgium ($1,897 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Hydroxide and Peroxide of Magnesium in Morocco
After two years of decline, supplies from abroad of hydroxide and peroxide of magnesia increased by 24% to 61 tons in 2022. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, hydroxide and peroxide of magnesium imports soared to $246K in 2022. The total import value increased at an average annual rate of +10.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Hydroxide and Peroxide of Magnesium in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 104 | 74.8 | 71.5 | 66.8 | -13.7% |
| France | 45.1 | 48.2 | 12.3 | 20.0 | -23.7% |
| United States | 25.6 | 33.3 | 4.7 | 11.8 | -22.8% |
| Germany | 0.4 | 16.2 | 9.3 | 7.9 | 170.3% |
| United Kingdom | 4.0 | 6.2 | 3.5 | 3.7 | -2.6% |
| Belgium | 0.1 | 0.3 | 1.0 | 0.9 | 108.0% |
| Others | 1.3 | 2.2 | 110 | 135 | 370.0% |
| Total | 180 | 181 | 213 | 246 | 11.0% |
Top Suppliers of Hydroxide and Peroxide of Magnesium to Morocco in 2022:
- Austria (13.9 tons)
- France (6.0 tons)
- United States (5.5 tons)
- Germany (2.4 tons)
- United Kingdom (1.2 tons)
- Belgium (0.5 tons)
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This report provides an in-depth analysis of the market for magnesium hydroxide and peroxide in Morocco.
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This report provides an in-depth analysis of the global market for magnesium hydroxide and peroxide.
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This report provides an in-depth analysis of the market for magnesium hydroxide and peroxide in Morocco.
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This report provides an in-depth analysis of the global market for magnesium hydroxide and peroxide.
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