Morocco - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Petroleum Oils and Distillates in Morocco - 2022
Contents:
- Price for Processed Petroleum Oils and Distillates in Morocco (CIF) - 2022
- Price for Processed Petroleum Oils and Distillates in Morocco (FOB) - 2022
- Imports of Processed Petroleum Oils and Distillates in Morocco
- Exports of Processed Petroleum Oils and Distillates in Morocco
Price for Processed Petroleum Oils and Distillates in Morocco (CIF) - 2022
The average import price for processed petroleum oils and distillates stood at $970 per ton in December 2022, shrinking by -5.5% against the previous month. Overall, import price indicated a pronounced expansion from December 2021 to December 2022: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, processed petroleum oils and distillates import price decreased by -5.1% against September 2022 indices. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 23% m-o-m. The import price peaked at $1,227 per ton in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Saudi Arabia ($1,124 per ton), while the price for Italy ($630 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Processed Petroleum Oils and Distillates in Morocco (FOB) - 2022
The average export price for processed petroleum oils and distillates stood at $938 per ton in December 2022, reducing by -29.8% against the previous month. Overall, the export price saw a pronounced decline. The pace of growth was the most pronounced in March 2022 an increase of 14% m-o-m. The export price peaked at $1,520 per ton in June 2022; however, from July 2022 to December 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In December 2022, the countries with the highest prices were Burkina Faso ($2,588 per ton) and Senegal ($2,545 per ton), while the average price for exports to Mauritania ($2,302 per ton) and Mali ($2,365 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Processed Petroleum Oils and Distillates in Morocco
In 2022, approx. 18M tons of processed petroleum oils and distillates were imported into Morocco; surging by 89% compared with 2021. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, processed petroleum oils and distillates imports soared to $6.8B in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Processed Petroleum Oils and Distillates in Morocco (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 691 | 471 | 823 | 1,649 | 33.6% |
Italy | 227 | 196 | 288 | 685 | 44.5% |
United Kingdom | 0.3 | 74.9 | 105 | 334 | 936.4% |
Greece | 26.8 | 9.1 | 45.4 | 210 | 98.6% |
India | 240 | 33.1 | 1.0 | 201 | -5.7% |
Romania | N/A | N/A | 8.7 | 118 | 1256.3% |
Netherlands | 82.3 | 67.2 | 122 | 102 | 7.4% |
Egypt | 60.6 | 5.7 | 39.6 | 86.9 | 12.8% |
Turkey | 42.6 | 16.5 | 8.3 | 70.6 | 18.3% |
France | 7.0 | 10.7 | 26.5 | 62.8 | 107.8% |
Sweden | 67.5 | 5.5 | 7.0 | 45.5 | -12.3% |
United States | 391 | 173 | 9.9 | 3.8 | -78.7% |
Saudi Arabia | N/A | N/A | 308 | N/A | 0% |
Others | 1,667 | 1,133 | 1,817 | 3,250 | 24.9% |
Total | 3,504 | 2,196 | 3,610 | 6,819 | 24.8% |
Top Suppliers of Processed Petroleum Oils and Distillates to Morocco in 2022:
- United States (undefinedM tons)
- Spain (4.1M tons)
- Italy (2.3M tons)
- United Kingdom (1.0M tons)
- Greece (0.6M tons)
- India (0.4M tons)
- Turkey (0.3M tons)
- Romania (0.3M tons)
- Netherlands (0.3M tons)
- Egypt (0.2M tons)
- France (0.2M tons)
- Sweden (0.2M tons)
Exports of Processed Petroleum Oils and Distillates in Morocco
In 2022, approx. 284K tons of processed petroleum oils and distillates were exported from Morocco; rising by 46% on the year before. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 147% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, processed petroleum oils and distillates exports soared to $367M in 2022. Overall, exports, however, saw a abrupt decline.
Export of Processed Petroleum Oils and Distillates in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Senegal | 3.6 | 30.6 | 19.9 | 20.2 | 77.7% |
Ghana | 15.0 | 49.9 | 16.4 | 17.9 | 6.1% |
Burkina Faso | 40.1 | 22.8 | 12.1 | 10.1 | -36.8% |
Mauritania | 7.0 | 20.8 | 5.7 | 9.8 | 11.9% |
Cote d'Ivoire | 10.2 | 29.2 | 7.6 | 6.9 | -12.2% |
Guinea | 1.0 | 4.5 | 2.0 | 3.7 | 54.7% |
Spain | 0.4 | 0.4 | 12.0 | 2.6 | 86.6% |
Others | 449 | 390 | 118 | 296 | -13.0% |
Total | 526 | 548 | 193 | 367 | -11.3% |
Top Export Markets for Processed Petroleum Oils and Distillates from Morocco in 2022:
- Senegal (9.7K tons)
- Ghana (8.3K tons)
- Spain (5.3K tons)
- Burkina Faso (4.7K tons)
- Mauritania (3.5K tons)
- Cote d'Ivoire (3.2K tons)
- Guinea (1.6K tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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