Phosphates; of Potassium Price in Morocco - 2022

Contents:

1. Phosphates; of Potassium Price in Morocco (CIF) - 2022
2. Phosphates; of Potassium Price in Morocco (FOB) - 2022
3. Phosphates; of Potassium Imports in Morocco
4. Phosphates; of Potassium Exports in Morocco

Phosphates; of Potassium Price in Morocco (CIF) - 2022

In 2022, the average phosphates; of potassium import price amounted to $2,384 per ton, surging by 63% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphates; of potassium import price increased by +92.0% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($4,638 per ton), while the price for China ($1,832 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+92.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Phosphates; of Potassium Price in Morocco (FOB) - 2022

The average phosphates; of potassium export price stood at $1,490 per ton in 2022, growing by 3.7% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. The export price peaked at $5,413 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2014 to 2022, the rate of growth in terms of prices for Mauritania amounted to +1,099.6% per year.

Phosphates; of Potassium Imports in Morocco

In 2022, after three years of growth, there was significant decline in overseas purchases of phosphates; of potassia, when their volume decreased by -5.2% to 1.3K tons. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year.

In value terms, phosphates; of potassium imports surged to $3.1M in 2022. Over the period under review, imports, however, showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Phosphates; of Potassium to Morocco in 2022:

1. Russia (501.0 tons)
2. China (465.0 tons)
3. Israel (84.1 tons)
4. France (75.8 tons)
5. Belgium (53.2 tons)
6. Italy (37.6 tons)

Phosphates; of Potassium Exports in Morocco

In 2022, approx. 1.2 tons of phosphates; of potassia were exported from Morocco; therefore, remained relatively stable against the previous year. Overall, exports saw a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 1.5%.

In value terms, phosphates; of potassium exports rose modestly to $1.8K in 2022. Over the period under review, exports saw a sharp contraction.

Top Export Markets for Phosphates; of Potassium from Morocco in 2022:

1. Germany (1.2 tons)

Source: IndexBox Market Intelligence Platform