Price for Zinc; Dust, Powders and Flakes in Morocco - 2022

Price for Zinc; Dust, Powders and Flakes in Morocco (CIF) - 2022

In 2022, the average import price for zinc; dust, powders and flakeses amounted to $5,001 per ton, rising by 37% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; dust, powders and flakes import price increased by +66.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($5,669 per ton) and Norway ($5,165 per ton), while the price for South Korea ($4,877 per ton) and Belgium ($5,000 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Dust, Powders and Flakes in Morocco (FOB) - 2022

The average export price for zinc; dust, powders and flakeses stood at $2,008 per ton in December 2022, standing approximately at the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $2,313 per ton in April 2022; however, from May 2022 to December 2022, the export prices stood at a somewhat lower figure.

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

From January 2022 to December 2022, the rate of growth in terms of prices for Italy amounted to -0.1% per month.

Imports of Zinc; Dust, Powders and Flakes in Morocco

After three years of growth, purchases abroad of zinc; dust, powders and flakeses decreased by -18.1% to 287 tons in 2022. In general, imports showed a noticeable curtailment. The growth pace was the most rapid in 2020 when imports increased by 10% against the previous year.

In value terms, zinc; dust, powders and flakes imports totaled $1.4M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Zinc; Dust, Powders and Flakes in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	705	866	1,057	1,073	15.0%
Indonesia	39.2	70.4	167	227	79.6%
Belgium	339	24.1	29.6	74.8	-39.6%
Norway	N/A	53.8	18.0	40.9	-12.8%
Others	5.6	7.1	6.9	18.7	49.5%
Total	1,089	1,021	1,278	1,434	9.6%

Top Suppliers of Zinc; Dust, Powders and Flakes to Morocco in 2022:

South Korea (220.0 tons)
Indonesia (40.0 tons)
Belgium (15.0 tons)
Norway (7.9 tons)

Exports of Zinc; Dust, Powders and Flakes in Morocco

In 2022, zinc; dust, powders and flakes exports from Morocco rose markedly to 228 tons, with an increase of 14% against the year before. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, zinc; dust, powders and flakes exports skyrocketed to $487K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.