Morocco: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Morocco

The Moroccan monoammonium phosphate market surged to $X in 2022, rising by 49% against the previous year. Over the period under review, consumption saw a prominent increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Monoammonium Phosphate Production in Morocco

In value terms, monoammonium phosphate production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 -3.0% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 40%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Monoammonium Phosphate Exports

Exports from Morocco

In 2022, approx. X tons of monoammonium phosphate (MAP) were exported from Morocco; reducing by -37.8% against 2021. Over the period under review, exports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 62% against the previous year. The exports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, monoammonium phosphate exports declined slightly to $X in 2022. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 92% against the previous year. As a result, the exports reached the peak of $X, and then dropped slightly in the following year.

Exports by Country

Brazil (X tons) was the main destination for monoammonium phosphate exports from Morocco, with a 38% share of total exports. Moreover, monoammonium phosphate exports to Brazil exceeded the volume sent to the second major destination, the United States (X tons), twofold. Argentina (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.8% per year) and Argentina (+16.9% per year).

In value terms, Brazil ($X) remains the key foreign market for monoammonium phosphate (MAP) exports from Morocco, comprising 42% of total exports. The second position in the ranking was taken by Argentina ($X), with a 17% share of total exports. It was followed by the United States, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+23.0% per year) and the United States (+14.7% per year).

Export Prices by Country

In 2022, the average monoammonium phosphate export price amounted to $X per ton, growing by 54% against the previous year. In general, the export price saw a measured increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to India ($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 Australia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports into Morocco

In 2022, supplies from abroad of monoammonium phosphate (MAP) decreased by -92% to X tons, falling for the fourth consecutive year after four years of growth. Overall, imports faced a precipitous decline. The growth pace was the most rapid in 2013 with an increase of 50% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, monoammonium phosphate imports fell sharply to $X in 2022. In general, imports recorded a dramatic curtailment. The growth pace was the most rapid in 2013 with an increase of 32% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest monoammonium phosphate supplier to Morocco, with a 58% share of total imports. Moreover, monoammonium phosphate imports from Lithuania exceeded the figures recorded by the second-largest supplier, Jordan (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Lithuania amounted to -49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (-12.9% per year) and Russia (-38.5% per year).

In value terms, Lithuania ($X) constituted the largest supplier of monoammonium phosphate (MAP) to Morocco, comprising 60% of total imports. The second position in the ranking was taken by Jordan ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Lithuania amounted to -41.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+4.8% per year) and Russia (-40.1% per year).

Import Prices by Country

In 2022, the average monoammonium phosphate import price amounted to $X per ton, jumping by 83% against the previous year. Overall, the import price recorded a mild increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Jordan ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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