Report Update Nov 1, 2024

Morocco - Magnesite - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Magnesite Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesite in the world?

The country with the largest volume of magnesite consumption was China, comprising approx. 37% of total volume. Moreover, magnesite consumption in China exceeded the figures recorded by the second-largest consumer, India, fivefold. The third position in this ranking was occupied by the United Arab Emirates, with a 6.2% share.

What are the largest producers of magnesite in the world?

China remains the largest magnesite producing country worldwide, accounting for 57% of total volume. Moreover, magnesite production in China exceeded the figures recorded by the second-largest producer, Turkey, fivefold. The third position in this ranking was occupied by Spain, with a 7.3% share.

What are the leading suppliers of magnesite to Morocco?

In value terms, South Africa constituted the largest supplier of magnesite to Morocco, comprising 52% of total imports. The second position in the ranking was occupied by France, with an 18% share of total imports. It was followed by China, with a 12% share.

What are the leading importers of magnesite from Morocco?

In value terms, Spain $354) remains the key foreign market for magnesite exports from Morocco.

What is the average export price for magnesite in Morocco?

The average magnesite export price stood at $2,855 per ton in 2020, rising by 9.2% against the previous year.

What is the average import price for magnesite in Morocco?

The average magnesite import price stood at $728 per ton in 2020, with an increase of 48% against the previous year.

This report provides an in-depth analysis of the magnesite market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

UNCode 16390-1 - Magnesite

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023