Sulphates; of Copper Price in Morocco - 2022
Contents:
- Sulphates; of Copper Price in Morocco (CIF) - 2022
- Sulphates; of Copper Price in Morocco (FOB) - 2022
- Sulphates; of Copper Imports in Morocco
- Sulphates; of Copper Exports in Morocco
Sulphates; of Copper Price in Morocco (CIF) - 2022
In December 2022, the average sulphates; of copper import price amounted to $2,719 per ton, remaining stable against the previous month. In general, the import price continues to indicate a slight contraction. The growth pace was the most rapid in October 2022 when the average import price increased by 12% month-to-month. The import price peaked at $3,232 per ton in July 2022; however, from August 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Spain ($3,078 per ton), while the price for Turkey stood at $2,690 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (-0.5%).
Sulphates; of Copper Price in Morocco (FOB) - 2022
In 2022, the average sulphates; of copper export price amounted to $4,365 per ton, surging by 6.3% against the previous year. Over the period under review, the export price enjoyed a notable increase. The pace of growth appeared the most rapid in 2016 an increase of 93%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($7,307 per ton), while the average price for exports to Senegal amounted to $3,937 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+18.5%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Copper Imports in Morocco
In 2022, the amount of sulphates; of coppers imported into Morocco surged to 1.5K tons, increasing by 33% compared with the year before. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 168% against the previous year. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sulphates; of copper imports surged to $4.4M in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 166% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Sulphates; of Copper in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 89.3 | 313 | 245 | 3,889 | 251.8% |
| Spain | 265 | 554 | 522 | 462 | 20.4% |
| Belgium | 96.4 | 661 | 271 | 45.7 | -22.0% |
| Poland | 61.4 | 145 | 76.6 | 20.9 | -30.2% |
| Russia | 675 | 1,000 | 654 | N/A | -1.6% |
| China | 51.7 | 84.3 | 117 | N/A | 50.4% |
| Romania | 34.4 | 684 | 450 | N/A | 261.7% |
| Others | 53.1 | 81.0 | 681 | 26.6 | -20.6% |
| Total | 1,326 | 3,523 | 3,017 | 4,444 | 49.7% |
Top Suppliers of Sulphates; of Copper to Morocco in 2022:
- Turkey (1284.5 tons)
- Spain (145.0 tons)
- Belgium (13.5 tons)
- Poland (7.1 tons)
Sulphates; of Copper Exports in Morocco
For the third year in a row, Morocco recorded decline in shipments abroad of sulphates; of coppers, which decreased by -61.3% to 29 kg in 2022. Over the period under review, exports saw a precipitous setback.
In value terms, sulphates; of copper exports declined rapidly to $125 in 2022. Overall, exports saw a dramatic contraction.
| Export of Sulphates; of Copper in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 9.0 | 0.2 | 0.1 | 0.1 | -77.7% |
| Mauritania | 22.9 | 1.1 | 0.2 | N/A | -90.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 32.0 | 1.3 | 0.3 | 0.1 | -85.4% |
Top Export Markets for Sulphates; of Copper from Morocco in 2022:
- Senegal (25.0 kg)
- Mauritania (4.0 kg)
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