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

Contents:

  1. Price for Zinc; Bars, Rods, Profiles and Wire in Morocco (CIF) - 2022
  2. Imports of Zinc; Bars, Rods, Profiles and Wire in Morocco

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

The average import price for zinc; bars, rods, profiles and wires stood at $5,295 per ton in 2022, increasing by 24% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for zinc; bars, rods, profiles and wires increased by +46.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 France ($6,309 per ton), while the price for Poland ($3,890 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of zinc; bars, rods, profiles and wires imported into Morocco skyrocketed to 355 tons, rising by 18% compared with 2021. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period.

In value terms, imports of zinc; bars, rods, profiles and wires soared to $1.9M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Zinc; Bars, Rods, Profiles and Wire in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany8309299511,52922.6%
Belgium202196192164-6.7%
Poland28.536.142.249.420.1%
India23.238.440.542.922.7%
United Kingdom33.432.629.927.5-6.3%
Others85.659.129.565.0-8.8%
Total1,2031,2911,2851,87816.0%

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

  1. Germany (286.0 tons)
  2. Belgium (29.2 tons)
  3. Poland (12.7 tons)
  4. India (8.8 tons)
  5. United Kingdom (6.1 tons)

Source: IndexBox Market Intelligence Platform

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