Morocco: Lead Market 2024

Lead Market Size in Morocco

The Moroccan lead market dropped modestly to $X in 2022, which is down by -3.5% against the previous year. Overall, consumption saw a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Lead Production in Morocco

In value terms, lead production declined slightly to $X in 2022 estimated in export price. In general, production continues to indicate a deep slump. The growth pace was the most rapid in 2018 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lead Exports

Exports from Morocco

In 2022, overseas shipments of lead were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2018 with an increase of 80%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, lead exports expanded rapidly to $X in 2022. Over the period under review, exports, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2018 when exports increased by 109% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria (X tons) was the main destination for lead exports from Morocco, accounting for a 68% share of total exports. Moreover, lead exports to Algeria exceeded the volume sent to the second major destination, Turkey (X tons), sixfold. The third position in this ranking was taken by India (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to Algeria totaled -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-7.5% per year) and India (-31.3% per year).

In value terms, Algeria ($X) remains the key foreign market for lead exports from Morocco, comprising 92% of total exports. The second position in the ranking was taken by Turkey ($X), with a 4% share of total exports. It was followed by India, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Algeria totaled -19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-19.2% per year) and India (-39.3% per year).

Export Prices by Country

In 2022, the average lead export price amounted to $X per ton, growing by 5.7% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Pakistan ($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 Germany (+2.6%), while the prices for the other major destinations experienced a decline.

Lead Imports

Imports into Morocco

In 2022, the amount of lead imported into Morocco amounted to X tons, with an increase of 3.6% against 2021 figures. Overall, imports saw temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of 331% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, lead imports surged to $X in 2022. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 292%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of lead to Morocco, accounting for a 51% share of total imports. Moreover, lead imports from South Africa exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 22% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.7% per year) and Spain (+23.5% per year).

In value terms, the largest lead suppliers to Morocco were Spain ($X), India ($X) and South Africa ($X), with a combined 96% share of total imports.

Spain, with a CAGR of +21.9%, recorded the highest growth rate of 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

In 2022, the average lead import price amounted to $X per ton, growing by 38% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 France ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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