Report Update: May 1, 2024

Morocco - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights

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Price for Processed Petroleum Oils and Distillates in Morocco - 2022

Price for Processed Petroleum Oils and Distillates in Morocco (CIF) - 2022

The average import price for processed petroleum oils and distillates stood at $970 per ton in December 2022, shrinking by -5.5% against the previous month. Overall, import price indicated a pronounced expansion from December 2021 to December 2022: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, processed petroleum oils and distillates import price decreased by -5.1% against September 2022 indices. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 23% m-o-m. The import price peaked at $1,227 per ton in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Saudi Arabia ($1,124 per ton), while the price for Italy ($630 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Processed Petroleum Oils and Distillates in Morocco (FOB) - 2022

The average export price for processed petroleum oils and distillates stood at $938 per ton in December 2022, reducing by -29.8% against the previous month. Overall, the export price saw a pronounced decline. The pace of growth was the most pronounced in March 2022 an increase of 14% m-o-m. The export price peaked at $1,520 per ton in June 2022; however, from July 2022 to December 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In December 2022, the countries with the highest prices were Burkina Faso ($2,588 per ton) and Senegal ($2,545 per ton), while the average price for exports to Mauritania ($2,302 per ton) and Mali ($2,365 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates in Morocco

In 2022, approx. 18M tons of processed petroleum oils and distillates were imported into Morocco; surging by 89% compared with 2021. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates imports soared to $6.8B in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Processed Petroleum Oils and Distillates in Morocco (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	691	471	823	1,649	33.6%
Italy	227	196	288	685	44.5%
United Kingdom	0.3	74.9	105	334	936.4%
Greece	26.8	9.1	45.4	210	98.6%
India	240	33.1	1.0	201	-5.7%
Romania	N/A	N/A	8.7	118	1256.3%
Netherlands	82.3	67.2	122	102	7.4%
Egypt	60.6	5.7	39.6	86.9	12.8%
Turkey	42.6	16.5	8.3	70.6	18.3%
France	7.0	10.7	26.5	62.8	107.8%
Sweden	67.5	5.5	7.0	45.5	-12.3%
United States	391	173	9.9	3.8	-78.7%
Saudi Arabia	N/A	N/A	308	N/A	0%
Others	1,667	1,133	1,817	3,250	24.9%
Total	3,504	2,196	3,610	6,819	24.8%

Top Suppliers of Processed Petroleum Oils and Distillates to Morocco in 2022:

United States (undefinedM tons)
Spain (4.1M tons)
Italy (2.3M tons)
United Kingdom (1.0M tons)
Greece (0.6M tons)
India (0.4M tons)
Turkey (0.3M tons)
Romania (0.3M tons)
Netherlands (0.3M tons)
Egypt (0.2M tons)
France (0.2M tons)
Sweden (0.2M tons)

Exports of Processed Petroleum Oils and Distillates in Morocco

In 2022, approx. 284K tons of processed petroleum oils and distillates were exported from Morocco; rising by 46% on the year before. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 147% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, processed petroleum oils and distillates exports soared to $367M in 2022. Overall, exports, however, saw a abrupt decline.

Export of Processed Petroleum Oils and Distillates in Morocco (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Senegal	3.6	30.6	19.9	20.2	77.7%
Ghana	15.0	49.9	16.4	17.9	6.1%
Burkina Faso	40.1	22.8	12.1	10.1	-36.8%
Mauritania	7.0	20.8	5.7	9.8	11.9%
Cote d'Ivoire	10.2	29.2	7.6	6.9	-12.2%
Guinea	1.0	4.5	2.0	3.7	54.7%
Spain	0.4	0.4	12.0	2.6	86.6%
Others	449	390	118	296	-13.0%
Total	526	548	193	367	-11.3%

Top Export Markets for Processed Petroleum Oils and Distillates from Morocco in 2022:

Senegal (9.7K tons)
Ghana (8.3K tons)
Spain (5.3K tons)
Burkina Faso (4.7K tons)
Mauritania (3.5K tons)
Cote d'Ivoire (3.2K tons)
Guinea (1.6K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023