Morocco: Nitrogenous Fertilizer Market 2022

Nitrogenous Fertilizer Market Size in Morocco

The Moroccan nitrogenous fertilizer market dropped to $X in 2021, with a decrease of -X% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Nitrogenous Fertilizer Production in Morocco

In value terms, nitrogenous fertilizer production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Nitrogenous Fertilizer Exports

Exports from Morocco

In 2021, exports of nitrogenous fertilizers (mineral or chemical) from Morocco contracted markedly to X tons, falling by -X% on the year before. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports shrank notably to $X in 2021. In general, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ghana (X tons) was the main destination for nitrogenous fertilizer exports from Morocco, accounting for a X% share of total exports. Moreover, nitrogenous fertilizer exports to Ghana exceeded the volume sent to the second major destination, Mauritania (X tons), threefold. The third position in this ranking was taken by Burkina Faso (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ghana amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+X% per year) and Burkina Faso (+X% per year).

In value terms, the largest markets for nitrogenous fertilizer exported from Morocco were Ghana ($X), Mauritania ($X) and Angola ($X), with a combined X% share of total exports. These countries were followed by Burkina Faso, Zambia, Oman and Mali, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nitrogenous fertilizer export price stood at $X per ton in 2021, rising by X% against the previous year. In general, the export price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Nitrogenous Fertilizer Imports

Imports into Morocco

In 2021, nitrogenous fertilizer imports into Morocco shrank to X tons, with a decrease of -X% on 2020 figures. Overall, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, nitrogenous fertilizer imports declined to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, 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, Turkey (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Spain (+X% per year).

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

From 2012 to 2021, 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: Turkey (+X% per year) and Spain (+X% per year).

Import Prices by Country

In 2021, the average nitrogenous fertilizer import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform