Chlorides; of Magnesium Price in Morocco - 2022
Contents:
Chlorides; of Magnesium Price in Morocco (CIF) - 2022
The average chlorides; of magnesium import price stood at $320 per ton in 2022, with a decrease of -45.3% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 6.8% against the previous year. Over the period under review, average import prices hit record highs at $783 per ton in 2012; however, from 2013 to 2022, 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 the Czech Republic ($884 per ton), while the price for Turkey ($151 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-4.9%), while the prices for the other major suppliers experienced a decline.
Chlorides; of Magnesium Imports in Morocco
For the fourth year in a row, Morocco recorded growth in purchases abroad of chlorides; of magnesia, which increased by 260% to 1.1K tons in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, chlorides; of magnesium imports soared to $362K in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chlorides; of Magnesium in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 43.4 | 42.9 | 62.0 | 120 | 40.4% |
| Netherlands | 34.7 | 39.7 | 58.9 | 114 | 48.7% |
| Czech Republic | 26.7 | 39.2 | 41.4 | 80.4 | 44.4% |
| Italy | 12.9 | 1.9 | 11.5 | 22.3 | 20.0% |
| Turkey | 5.7 | 1.7 | 4.2 | 8.1 | 12.4% |
| Others | 9.3 | 17.6 | 6.1 | 16.9 | 22.0% |
| Total | 133 | 143 | 184 | 362 | 39.6% |
Top Suppliers of Chlorides; of Magnesium to Morocco in 2022:
- Netherlands (626.9 tons)
- Germany (258.0 tons)
- Czech Republic (91.0 tons)
- Italy (87.0 tons)
- Turkey (53.7 tons)
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This report provides an in-depth analysis of the chlorides market in Morocco.
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