Report Update Nov 1, 2024

Morocco - Copper Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Morocco

In 2021, the Moroccan copper ores and concentrates market decreased by -16.2% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Copper Ores And Concentrates in Morocco

In value terms, copper ores and concentrates production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 12% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Copper Ores And Concentrates

Exports from Morocco

In 2021, shipments abroad of copper ores and concentrates increased by 7.3% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 49%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, copper ores and concentrates exports soared to $X in 2021. In general, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), China (X tons) and Germany (X tons) were the main destinations of copper ores and concentrates exports from Morocco, together accounting for 84% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +55.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper ores and concentrates exported from Morocco were Poland ($X), China ($X) and Spain ($X), together accounting for 87% of total exports. Germany, Bulgaria, Malaysia and Canada lagged somewhat behind, together comprising a further 11%.

In terms of the main countries of destination, Germany, with a CAGR of +47.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average copper ores and concentrates export price stood at $X per ton in 2021, increasing by 47% against the previous year. Over the period under review, the export price, however, showed a mild curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Copper Ores And Concentrates

Imports into Morocco

In 2021, imports of copper ores and concentrates into Morocco expanded to X tons, surging by 4.2% against the previous year. Overall, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 214%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, copper ores and concentrates imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 96% against the previous year. Imports peaked at $X in 2012; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Germany (X tons) was the main copper ores and concentrates supplier to Morocco, with a 90% share of total imports. Moreover, copper ores and concentrates imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +1.2%.

In value terms, Turkey ($X) and Germany ($X) were the largest copper ores and concentrates suppliers to Morocco.

Among the main suppliers, Turkey, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average copper ores and concentrates import price amounted to $X per ton, rising by 15% against the previous year. In general, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 39%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+16.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper ores and concentrates in the world?

The country with the largest volume of copper ores and concentrates consumption was Kazakhstan, comprising approx. 54% of total volume. Moreover, copper ores and concentrates consumption in Kazakhstan exceeded the figures recorded by the second-largest consumer, China, threefold. Chile ranked third in terms of total consumption with a 5% share.

What are the largest producers of copper ores and concentrates in the world?

Kazakhstan constituted the country with the largest volume of copper ores and concentrates production, comprising approx. 61% of total volume. Moreover, copper ores and concentrates production in Kazakhstan exceeded the figures recorded by the second-largest producer, Chile, eightfold. Peru ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of copper ores and concentrates to Morocco?

In value terms, Turkey constituted the largest supplier of copper ores and concentrates to Morocco, comprising 99% of total imports. The second position in the ranking was occupied by Belgium, with a 1.2% share of total imports.

What are the leading importers of copper ores and concentrates from Morocco?

In value terms, the largest markets for copper ores and concentrates exported from Morocco were Poland, China and Spain, with a combined 79% share of total exports.

What is the average export price for copper ores and concentrates in Morocco?

In 2021, the average copper ores and concentrates export price amounted to $953 per ton, approximately mirroring the previous year.

What is the average import price for copper ores and concentrates in Morocco?

The average copper ores and concentrates import price stood at $1,082 per ton in 2021, jumping by 32% against the previous year.

This report provides an in-depth analysis of the market for copper ores and concentrates 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:

Prodcom 07291100 - Copper ores and concentrates

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
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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023