Morocco: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Morocco

The Moroccan nitrogenous fertilizer market rose sharply to $X in 2023, picking up by X% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. Nitrogenous fertilizer consumption peaked in 2023 and is likely to see steady growth in years to come.

Nitrogenous Fertilizer Production in Morocco

In value terms, nitrogenous fertilizer production totaled $X in 2023 estimated in export price. In general, production showed a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Nitrogenous fertilizer production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Nitrogenous Fertilizer Exports

Exports from Morocco

In 2023, after three years of growth, there was significant decline in overseas shipments of nitrogenous fertilizers (mineral or chemical), when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports reduced remarkably to $X in 2023. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

Mauritania (X tons), Angola (X tons) and Mozambique (X tons) were the main destinations of nitrogenous fertilizer exports from Morocco, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mauritania ($X) emerged as the key foreign market for nitrogenous fertilizers (mineral or chemical) exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Mauritania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Angola (X% per year).

Export Prices by Country

In 2023, the average nitrogenous fertilizer export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into Morocco

In 2023, purchases abroad of nitrogenous fertilizers (mineral or chemical) was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, imports showed noticeable growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, nitrogenous fertilizer imports stood at $X in 2023. In general, total imports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

Imports by Country

In 2023, Russia (X tons) constituted the largest supplier of nitrogenous fertilizer to Morocco, with a X% share of total imports. Moreover, nitrogenous fertilizer imports from Russia exceeded the figures recorded by the second-largest supplier, Egypt (X tons), sevenfold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Spain (X% per year).

In value terms, Russia ($X) constituted the largest supplier of nitrogenous fertilizers (mineral or chemical) to Morocco, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Spain (X% per year).

Import Prices by Country

In 2023, the average nitrogenous fertilizer import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform