Sulphites; of Sodium Price in Morocco - 2022

Contents:

1. Sulphites; of Sodium Price in Morocco (CIF) - 2022
2. Sulphites; of Sodium Price in Morocco (FOB) - 2022
3. Sulphites; of Sodium Imports in Morocco
4. Sulphites; of Sodium Exports in Morocco

Sulphites; of Sodium Price in Morocco (CIF) - 2022

In 2022, the average sulphites; of sodium import price amounted to $900 per ton, increasing by 57% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; of sodium import price increased by +92.1% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,914 per ton), while the price for China ($529 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; of Sodium Price in Morocco (FOB) - 2022

In 2022, the average sulphites; of sodium export price amounted to $1,595 per ton, with an increase of 69% against the previous year. Overall, the export price, however, showed a noticeable curtailment. The export price peaked at $2,305 per ton in 2012; however, from 2013 to 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 Mauritania.

From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to +3.5% per year.

Sulphites; of Sodium Imports in Morocco

In 2022, the amount of sulphites; of sodia imported into Morocco was estimated at 2.3K tons, approximately mirroring the previous year. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sulphites; of sodium imports skyrocketed to $2.1M in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 68%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Sulphites; of Sodium to Morocco in 2022:

1. Italy (1264.4 tons)
2. Turkey (440.3 tons)
3. Germany (379.6 tons)
4. China (184.5 tons)

Sulphites; of Sodium Exports in Morocco

For the third year in a row, Morocco recorded decline in overseas shipments of sulphites; of sodia, which decreased by -33% to 11 tons in 2022. In general, exports recorded a sharp decline. The smallest decline of -5.4% was in 2021.

In value terms, sulphites; of sodium exports amounted to $17K in 2022. Overall, exports faced a deep setback.

Top Export Markets for Sulphites; of Sodium from Morocco in 2022:

1. Mauritania (10.6 tons)

Source: IndexBox Market Intelligence Platform