Price for Iron or Steel; Cast Articles in Morocco - 2022
Contents:
- Price for Iron or Steel; Cast Articles in Morocco (CIF) - 2022
- Price for Iron or Steel; Cast Articles in Morocco (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Morocco
- Exports of Iron or Steel; Cast Articles in Morocco
Price for Iron or Steel; Cast Articles in Morocco (CIF) - 2022
In 2022, the average import price for iron or steel; cast articleses amounted to $1,881 per ton, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2021 an increase of 17%. The import price peaked in 2022 and is likely to see steady growth in years to come.
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 Italy ($3,674 per ton), while the price for China ($1,391 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Morocco (FOB) - 2022
The average export price for iron or steel; cast articleses stood at $7,391 per ton in 2022, growing by 29% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel; cast articles export price increased by +45.8% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 34% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($14,024 per ton), while the average price for exports to Burkina Faso ($4,530 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 Ghana (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Morocco
In 2022, supplies from abroad of iron or steel; cast articleses increased by 16% to 17K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a noticeable descent.
In value terms, iron or steel; cast articles imports soared to $32M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 13.7 | 11.3 | 16.1 | 17.5 | 8.5% |
| China | 7.4 | 7.3 | 2.8 | 6.2 | -5.7% |
| Bulgaria | 1.5 | 1.4 | 1.1 | 1.4 | -2.3% |
| France | 1.5 | 1.1 | 1.1 | 1.3 | -4.7% |
| Italy | 2.5 | 0.4 | 0.5 | 1.2 | -21.7% |
| India | 0.5 | 0.5 | 0.3 | 0.4 | -7.2% |
| Others | 1.6 | 1.1 | 1.8 | 3.9 | 34.6% |
| Total | 28.7 | 23.0 | 23.7 | 32.0 | 3.7% |
Top Suppliers of Iron or Steel; Cast Articles to Morocco in 2022:
- Turkey (9.8K tons)
- China (4.4K tons)
- France (0.6K tons)
- Bulgaria (0.4K tons)
- Italy (0.3K tons)
- India (0.3K tons)
Exports of Iron or Steel; Cast Articles in Morocco
In 2022, overseas shipments of iron or steel; cast articleses decreased by -36.5% to 387 tons, falling for the second consecutive year after two years of growth. In general, exports faced a sharp shrinkage. The growth pace was the most rapid in 2020 when exports increased by 32%. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, iron or steel; cast articles exports shrank remarkably to $2.9M in 2022. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. As a result, the exports reached the peak of $7.3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Iron or Steel; Cast Articles in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,912 | 2,344 | 1,036 | 665 | -29.7% |
| Senegal | 636 | 1,101 | 609 | 295 | -22.6% |
| Cote d'Ivoire | 627 | 1,309 | 234 | 273 | -24.2% |
| Niger | 40.0 | 442 | 494 | 190 | 68.1% |
| Burkina Faso | 479 | 811 | 78.4 | 172 | -28.9% |
| Germany | 172 | 264 | 172 | 76.5 | -23.7% |
| Cameroon | 227 | 164 | 178 | 71.4 | -32.0% |
| Mali | 250 | 16.5 | 143 | 54.7 | -39.7% |
| Guinea | 71.9 | 224 | 36.1 | 41.8 | -16.5% |
| Benin | 142 | 103 | 29.4 | 34.4 | -37.7% |
| Mauritania | 46.7 | 50.4 | 30.9 | 16.1 | -29.9% |
| Chad | 231 | N/A | N/A | N/A | 0% |
| Others | 133 | 449 | 444 | 970 | 93.9% |
| Total | 4,966 | 7,277 | 3,485 | 2,861 | -16.8% |
Top Export Markets for Iron or Steel; Cast Articles from Morocco in 2022:
- Cote d'Ivoire (56.9 tons)
- Senegal (49.9 tons)
- Netherlands (47.5 tons)
- Niger (38.8 tons)
- Burkina Faso (38.0 tons)
- Cameroon (15.0 tons)
- Mali (12.0 tons)
- Germany (7.5 tons)
- Guinea (6.3 tons)
- Benin (5.4 tons)
- Mauritania (4.4 tons)
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