Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Morocco - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Morocco (FOB) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Morocco (CIF) - 2022
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Morocco
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Morocco
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Morocco (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $611 per ton in 2022, shrinking by -34.6% against the previous year. Overall, the export price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 99%. Over the period under review, the average export prices reached the peak figure at $1,241 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
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 the United Arab Emirates ($909 per ton), while the average price for exports to Romania amounted to $480 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+33.4%).
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Morocco (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $2,073 per ton, approximately reflecting the previous year. Overall, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 437% against the previous year. As a result, import price attained the peak level of $6,628 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
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 Senegal amounted to +12.1% per year.
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Morocco
In 2022, after three years of growth, there was significant decline in shipments abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), when their volume decreased by 99.9% to 36 kg. Overall, exports recorded a precipitous decrease. The growth pace was the most rapid in 2021 when exports increased by 18%. As a result, the exports reached the peak of 79 tons, and then reduced markedly in the following year.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) declined sharply to $22 in 2022. Over the period under review, exports faced a dramatic setback. The pace of growth was the most pronounced in 2020 with an increase of 9.9%.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.8 | 66.9 | 68.6 | N/A | 7.1% |
| United Arab Emirates | 1.3 | 0.3 | N/A | N/A | -76.9% |
| Romania | N/A | N/A | N/A | N/A | 0% |
| Turkey | N/A | N/A | 5.2 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 61.2 | 67.2 | 73.8 | N/A | 9.8% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Morocco in 2022:
- Romania (25.0 kg)
- United Arab Emirates (11.0 kg)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Morocco
In 2022, the amount of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) imported into Morocco amounted to 606 kg, remaining stable against the previous year's figure. Over the period under review, imports, however, showed a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by 0.5%.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) totaled $1.3K in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 12% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,112 | 153 | 1,250 | 1,256 | 4.1% |
| Senegal | N/A | 1,091 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,112 | 1,244 | 1,250 | 1,256 | 4.1% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Morocco in 2022:
- France (606.0 kg)
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