Morocco: Chlorosulphuric Acid Market 2024

Chlorosulphuric Acid Market Size in Morocco

For the fifth consecutive year, the Moroccan chlorosulphuric acid market recorded growth in sales value, which increased by 1.9% to $X in 2022. Over the period under review, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Chlorosulphuric Acid Production in Morocco

In value terms, chlorosulphuric acid production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 -5.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Chlorosulphuric Acid Exports

Exports from Morocco

In 2022, overseas shipments of chlorosulphuric acid were finally on the rise to reach X kg for the first time since 2012, thus ending a nine-year declining trend. Over the period under review, exports, however, showed a significant contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, chlorosulphuric acid exports expanded modestly to $X in 2022. Overall, exports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2019 with an increase of 139% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X kg) was the main destination for chlorosulphuric acid exports from Morocco, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania totaled -29.7%.

In value terms, Mauritania ($X) also remains the key foreign market for chlorosulphuric acid exports from Morocco.

From 2012 to 2022, the average annual rate of growth in terms of value to Mauritania amounted to -4.4%.

Export Prices by Country

In 2022, the average chlorosulphuric acid export price amounted to $X per ton, reducing by -8.7% against the previous year. Overall, the export price, however, showed a significant increase. The pace of growth appeared the most rapid in 2019 an increase of 523%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to +35.9% per year.

Chlorosulphuric Acid Imports

Imports into Morocco

Chlorosulphuric acid imports into Morocco contracted rapidly to X tons in 2022, which is down by -15% against 2021 figures. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 11,518% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, chlorosulphuric acid imports reduced remarkably to $X in 2022. Overall, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2016 with an increase of 12,532%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest chlorosulphuric acid supplier to Morocco, accounting for a 85% share of total imports. Moreover, chlorosulphuric acid imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X kg), eightfold. The third position in this ranking was held by France (X kg), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (0.0% per year) and France (+3.7% per year).

In value terms, Spain ($X) constituted the largest supplier of chlorosulphuric acid to Morocco, comprising 89% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6.4% share of total imports. It was followed by France, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (0.0% per year) and France (-8.9% per year).

Import Prices by Country

In 2022, the average chlorosulphuric acid import price amounted to $X per ton, reducing by -14.8% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 an increase of 49%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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