Morocco: Fertilizer Market 2024

Fertilizer Market Size in Morocco

The Moroccan fertilizer market soared to $X in 2022, jumping by X% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Morocco

In value terms, fertilizer production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Fertilizer Exports

Exports from Morocco

After six years of growth, shipments abroad of fertilizers decreased by X% to X tons in 2022. In general, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, fertilizer exports skyrocketed to $X in 2022. Overall, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

India (X tons), Djibouti (X tons) and Brazil (X tons) were the main destinations of fertilizer exports from Morocco, together comprising X% of total exports. Bangladesh, Argentina, the United States, Nigeria, Ethiopia, Spain, Kenya, Benin, Pakistan and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Brazil ($X) and Bangladesh ($X) appeared to be the largest markets for fertilizer exported from Morocco worldwide, together comprising X% of total exports. Djibouti, Argentina, the United States, Spain, Kenya, Pakistan, France, Nigeria, Ethiopia and Benin lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Kenya, with a CAGR of X%, saw 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 fertilizer export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price enjoyed pronounced growth. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

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

Fertilizer Imports

Imports into Morocco

In 2022, approx. X tons of fertilizers were imported into Morocco; increasing by X% against 2021 figures. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, fertilizer imports skyrocketed to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest fertilizer supplier to Morocco, with a X% share of total imports. Moreover, fertilizer imports from Canada exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. Spain (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Spain (X% per year).

In value terms, the largest fertilizer suppliers to Morocco were Canada ($X), Russia ($X) and Spain ($X), together comprising X% of total imports. Jordan, Egypt, Uzbekistan, Georgia, China, Turkey, the Czech Republic, Belgium and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Uzbekistan, with a CAGR of X.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fertilizer import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizer import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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