Price for Iron Ore and Concentrate, Non-Agglomerated in Morocco - 2022

Contents:

1. Price for Iron Ore and Concentrate, Non-Agglomerated in Morocco (FOB) - 2022
2. Price for Iron Ore and Concentrate, Non-Agglomerated in Morocco (CIF) - 2022
3. Exports of Iron Ore and Concentrate, Non-Agglomerated in Morocco
4. Imports of Iron Ore and Concentrate, Non-Agglomerated in Morocco

Price for Iron Ore and Concentrate, Non-Agglomerated in Morocco (FOB) - 2022

The average export price for iron ores and concentrates, non-agglomerated stood at $24.6 per ton in October 2022, remaining relatively unchanged against the previous month. Over the period under review, the export price saw a mild decline. As a result, the export price reached the peak level of $28.4 per ton. From January 2022 to October 2022, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From December 2021 to October 2022, the rate of growth in terms of prices for France amounted to -1.1% per month.

Price for Iron Ore and Concentrate, Non-Agglomerated in Morocco (CIF) - 2022

The average import price for iron ores and concentrates, non-agglomerated stood at $600 per ton in 2022, increasing by 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 40% against the previous year. Over the period under review, average import prices hit record highs at $619 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,161 per ton), while the price for the Netherlands ($513 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Iron Ore and Concentrate, Non-Agglomerated in Morocco

In 2022, the amount of iron ores and concentrates, non-agglomerated exported from Morocco rose markedly to 18K tons, growing by 5.4% compared with the year before. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 106% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, iron ore and concentrate, non-agglomerated exports shrank markedly to $414K in 2022. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 120% against the previous year. As a result, the exports attained the peak of $569K, and then dropped notably in the following year.

Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Morocco in 2022:

1. Netherlands (undefinedK tons)
2. France (10.2K tons)
3. China (0.4K tons)
4. Belgium (0.2K tons)

Imports of Iron Ore and Concentrate, Non-Agglomerated in Morocco

In 2022, after two years of decline, there was significant growth in purchases abroad of iron ores and concentrates, non-agglomerated, when their volume increased by 13% to 14 tons. Over the period under review, imports, however, showed a abrupt downturn.

In value terms, iron ore and concentrate, non-agglomerated imports soared to $8.1K in 2022. In general, imports, however, showed a abrupt decline.

Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Morocco in 2022:

1. Netherlands (12.6 tons)
2. France (0.7 tons)

Source: IndexBox Market Intelligence Platform