Morocco: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Morocco

The Moroccan ferro-cerium and pyrophoric alloys market surged to $X in 2021, rising by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a buoyant increase. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Morocco

For the fifth consecutive year, Morocco recorded decline in overseas shipments of ferro-cerium and pyrophoric alloys, which decreased by -82.1% to X kg in 2021. Overall, exports recorded a sharp slump. The pace of growth was the most pronounced in 2014 with an increase of 895%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports shrank remarkably to $X in 2021. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2014 when exports increased by 812% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for ferro-cerium and pyrophoric alloys exports from Morocco, with a 86% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Cote d'Ivoire exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Cote d'Ivoire totaled -24.6%.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Morocco, comprising 79% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire totaled -16.9%.

Export Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, picking up by 58% against the previous year. Over the period under review, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of 188% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Cote d'Ivoire stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+10.2%).

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Morocco

In 2021, the amount of ferro-cerium and pyrophoric alloys imported into Morocco skyrocketed to X tons, increasing by 19% against 2020. Over the period under review, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by 134% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports surged to $X in 2021. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 118%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Morocco, with a 32% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from Germany exceeded the figures recorded by the second-largest supplier, Croatia (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+11.6% per year) and Turkey (-11.1% per year).

In value terms, the largest ferro-cerium and pyrophoric alloys suppliers to Morocco were Germany ($X), Croatia ($X) and Turkey ($X), together accounting for 52% of total imports. Belgium, the United Arab Emirates and the UK lagged somewhat behind, together comprising a further 7.6%.

Belgium, with a CAGR of +20.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2017 an increase of 12%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :