Morocco: Refined Lead Market 2024

Refined Lead Market Size in Morocco

The Moroccan refined lead market contracted to $X in 2022, with a decrease of -6% against the previous year. Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Refined Lead Production in Morocco

In value terms, refined lead production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. Refined lead production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Lead Exports

Exports from Morocco

In 2022, shipments abroad of refined lead (unwrought) was finally on the rise to reach X tons after three years of decline. In general, exports, however, recorded a dramatic slump. The growth pace was the most rapid in 2018 when exports increased by 100% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refined lead exports rose remarkably to $X in 2022. Over the period under review, exports, however, recorded a dramatic contraction. The most prominent rate of growth was recorded in 2018 with an increase of 144%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Algeria (X tons), Spain (X tons) and Italy (X tons) were the main destinations of refined lead exports from Morocco, with a combined 84% share of total exports. Turkey, Portugal, India, South Korea, Tunisia and the Netherlands lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of -7.1%), while the other leaders experienced a decline.

In value terms, Algeria ($X) remains the key foreign market for refined lead (unwrought) exports from Morocco, comprising 83% of total exports. The second position in the ranking was taken by Italy ($X), with a 5% share of total exports. It was followed by Spain, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Algeria totaled -20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-36.8% per year) and Spain (-42.1% per year).

Export Prices by Country

The average refined lead export price stood at $X per ton in 2022, growing by 4.9% against the previous year. In general, the export price, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2018 an increase of 22%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

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 Algeria ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+2.0%), while the prices for the other major destinations experienced a decline.

Refined Lead Imports

Imports into Morocco

In 2022, the amount of refined lead (unwrought) imported into Morocco soared to X tons, jumping by 41% against the year before. Over the period under review, imports showed a strong increase. The growth pace was the most rapid in 2019 when imports increased by 756,400%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, refined lead imports surged to $X in 2022. In general, imports recorded a prominent increase. The growth pace was the most rapid in 2019 with an increase of 2,152,600%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), South Africa (X tons) and India (X tons) were the main suppliers of refined lead imports to Morocco, with a combined 100% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +24.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), India ($X) and South Africa ($X) appeared to be the largest refined lead suppliers to Morocco, together accounting for 100% of total imports.

Among the main suppliers, Spain, with a CAGR of +20.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average refined lead import price amounted to $X per ton, leveling off at the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined lead import price decreased by -29.1% against 2019 indices. The growth pace was the most rapid in 2019 when the average import price increased by 185%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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 India ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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