Morocco: Graphite Market 2024

Graphite Market Size in Morocco

In 2021, the Moroccan graphite market increased by 19% to $X, rising for the third consecutive year after two years of decline. In general, consumption saw a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Graphite Exports

Exports from Morocco

In 2021, overseas shipments of graphite (natural) were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports saw a temperate increase. The most prominent rate of growth was recorded in 2014 with an increase of 926%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, graphite exports surged to $X in 2021. In general, exports recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 923% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Mauritania (X tons) was the main destination for graphite exports from Morocco, with a 83% share of total exports. Moreover, graphite exports to Mauritania exceeded the volume sent to the second major destination, France (X kg), tenfold. The third position in this ranking was held by Spain (X kg), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to Mauritania stood at +91.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+37.2% per year) and Spain (-26.3% per year).

In value terms, Mauritania ($X) remains the key foreign market for graphite exports from Morocco, comprising 91% of total exports. The second position in the ranking was taken by Senegal ($X), with a 6.7% share of total exports. It was followed by Spain, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mauritania totaled +66.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+28.6% per year) and Spain (-18.8% per year).

Export Prices by Country

In 2021, the average graphite export price amounted to $X per ton, falling by -37.8% against the previous year. Overall, the export price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 an increase of 157% against the previous year. The export price peaked at $X per ton in 2020, and then dropped significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Senegal ($X per ton), while the average price for exports to France ($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 Spain (+10.2%), while the prices for the other major destinations experienced a decline.

Graphite Imports

Imports into Morocco

Graphite imports into Morocco surged to X tons in 2021, growing by 29% against the year before. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 192%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, graphite imports skyrocketed to $X in 2021. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2015 when imports increased by 242%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest graphite supplier to Morocco, accounting for a 62% share of total imports. Moreover, graphite imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +62.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+3.1% per year) and the UK (-0.4% per year).

In value terms, China ($X) constituted the largest supplier of graphite to Morocco, comprising 52% of total imports. The second position in the ranking was taken by Spain ($X), with a 13% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +67.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.6% per year) and the United States (+23.5% per year).

Import Prices by Country

The average graphite import price stood at $X per ton in 2021, reducing by -7% against the previous year. In general, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, graphite import price increased by +64.8% against 2014 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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