Price for Nickel; Bars, Rods, Profiles and Wire in Morocco - 2023

Price for Nickel; Bars, Rods, Profiles and Wire in Morocco (CIF) - 2022

The average import price for nickel; bars, rods, profiles and wires stood at $44,658 per ton in 2022, growing by 14% against the previous year. In general, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2015 an increase of 40%. The import price peaked at $60,469 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the UK ($112,833 per ton), while the price for China ($21,979 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel; Bars, Rods, Profiles and Wire in Morocco (FOB) - 2022

The average export price for nickel; bars, rods, profiles and wires stood at $21,333 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 140% against the previous year. As a result, the export price attained the peak level of $30,009 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -2.6% per year.

Imports of Nickel; Bars, Rods, Profiles and Wire in Morocco

Imports of nickel; bars, rods, profiles and wires into Morocco was estimated at 9.3 tons in 2022, flattening at 2021. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 6.9%.

In value terms, imports of nickel; bars, rods, profiles and wires skyrocketed to $414K in 2022. Overall, imports, however, saw a deep downturn.

Import of Nickel; Bars, Rods, Profiles and Wire in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	192	135	146	213	3.5%
United States	22.3	16.9	4.4	54.4	34.6%
China	30.0	22.9	31.5	50.8	19.2%
Germany	49.3	66.7	51.2	34.0	-11.6%
Austria	157	41.7	97.9	26.1	-45.0%
Taiwan (Chinese)	N/A	N/A	N/A	11.8	0%
Belgium	107	41.7	11.9	3.2	-69.0%
United Kingdom	43.6	N/A	5.1	0.7	-74.8%
Others	3.8	9.9	10.3	20.2	74.5%
Total	604	335	358	414	-11.8%

Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Morocco in 2022:

France (4.6 tons)
China (2.3 tons)
United States (0.8 tons)
Austria (0.5 tons)
Germany (0.5 tons)
Taiwan (Chinese) (0.3 tons)
Belgium (0.1 tons)

Exports of Nickel; Bars, Rods, Profiles and Wire in Morocco

For the third year in a row, Morocco recorded decline in overseas shipments of nickel; bars, rods, profiles and wires, which decreased by 0% to 3 kg in 2022. Over the period under review, exports showed a significant decline. The smallest decline of -88.7% was in 2020.

In value terms, exports of nickel; bars, rods, profiles and wires totaled $64 in 2022. Overall, exports showed a dramatic decrease. The smallest decline of -79.6% was in 2020.