Morocco: Magnesite Market 2025

Magnesite Market Size in Morocco

The Moroccan magnesite market skyrocketed to $X in 2021, picking up by 17% 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). Over the period under review, consumption enjoyed significant growth. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Magnesite Exports

Exports from Morocco

In 2021, approx. X kg of magnesite were exported from Morocco; rising by 25% compared with the year before. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 64% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnesite exports fell remarkably to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 229%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X kg) was the main destination for magnesite exports from Morocco, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Belgium was relatively modest.

In value terms, Belgium ($X) emerged as the key foreign market for magnesite exports from Morocco, comprising 99% of total exports. The second position in the ranking was held by Spain ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium was relatively modest.

Export Prices by Country

In 2021, the average magnesite export price amounted to $X per ton, with a decrease of -45% against the previous year. Overall, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 100%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+48.1%).

Magnesite Imports

Imports into Morocco

In 2021, approx. X tons of magnesite were imported into Morocco; with an increase of 26% against the previous year's figure. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 171%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, magnesite imports reached $X in 2021. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 273%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Italy (X tons), China (X tons) and India (X tons) were the main suppliers of magnesite imports to Morocco, with a combined 20% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +28.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constituted the largest supplier of magnesite to Morocco, comprising 22% of total imports. The second position in the ranking was held by China ($X), with an 8.9% share of total imports. It was followed by Italy, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa totaled -20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.9% per year) and Italy (+5.6% per year).

Import Prices by Country

In 2021, the average magnesite import price amounted to $X per ton, reducing by -11.5% against the previous year. In general, the import price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of 89%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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