Sulphites; Thiosulphates Price in Morocco - 2022

Sulphites; Thiosulphates Price in Morocco (CIF) - 2022

In 2022, the average sulphites; thiosulphates import price amounted to $753 per ton, picking up by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue 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 ($1,245 per ton), while the price for Turkey ($425 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphites; Thiosulphates Price in Morocco (FOB) - 2022

The average sulphites; thiosulphates export price stood at $1,412 per ton in 2022, with an increase of 45% against the previous year. Overall, the export price, however, showed a perceptible decrease. Over the period under review, the average export prices reached the peak figure at $14,855 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 +9.2% per year.

Sulphites; Thiosulphates Imports in Morocco

In 2022, sulphites; thiosulphates imports into Morocco soared to 3.1K tons, jumping by 24% against the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.8% 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 +62.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 30%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, sulphites; thiosulphates imports soared to $2.3M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Import of Sulphites; Thiosulphates in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	691	500	643	1,183	19.6%
Turkey	409	175	165	455	3.6%
Germany	28.6	111	576	384	137.7%
China	77.7	85.9	14.3	118	14.9%
Others	112	85.7	94.5	178	16.7%
Total	1,318	958	1,492	2,318	20.7%

Top Suppliers of Sulphites; Thiosulphates to Morocco in 2022:

Italy (1296.1 tons)
Turkey (1070.4 tons)
Germany (403.7 tons)
China (222.2 tons)

Sulphites; Thiosulphates Exports in Morocco

Sulphites; thiosulphates exports from Morocco declined to 19 tons in 2022, with a decrease of -11.3% against 2021 figures. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 26%.

In value terms, sulphites; thiosulphates exports skyrocketed to $26K in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.