Morocco: Salt Market 2024

Salt Market Size in Morocco

The Moroccan salt market contracted notably to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a perceptible contraction. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Salt Production in Morocco

In value terms, salt production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Salt production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Salt Exports

Exports from Morocco

In 2022, the amount of salt and pure sodium chloride exported from Morocco soared to X tons, increasing by X% compared with the previous year's figure. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, salt exports surged to $X in 2022. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tons), Latvia (X tons) and the United States (X tons) were the main destinations of salt exports from Morocco, with a combined X% share of total exports. Canada, France, Sweden and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for salt exported from Morocco were Lithuania ($X), Latvia ($X) and Canada ($X), with a combined X% share of total exports.

Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 salt export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the United States ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Morocco

Salt imports into Morocco stood at X tons in 2022, with an increase of X% compared with 2021 figures. Over the period under review, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, salt imports skyrocketed to $X in 2022. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Spain (X tons), Egypt (X tons) and France (X tons) were the main suppliers of salt imports to Morocco, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest salt suppliers to Morocco were Spain ($X), Egypt ($X) and France ($X), together comprising X% of total imports.

Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average salt import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :