Morocco: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Morocco

The Moroccan nitrogenous fertilizer market soared to $X in 2022, growing by X% against the previous year. In general, consumption showed a prominent increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Nitrogenous Fertilizer Production in Morocco

In value terms, nitrogenous fertilizer production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Nitrogenous Fertilizer Exports

Exports from Morocco

In 2022, approx. X tons of nitrogenous fertilizers (mineral or chemical) were exported from Morocco; which is down by X% against the year before. In general, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, nitrogenous fertilizer exports contracted dramatically to $X in 2022. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for nitrogenous fertilizer exports from Morocco, with a X% share of total exports. Moreover, nitrogenous fertilizer exports to Spain exceeded the volume sent to the second major destination, Mauritania (X tons), fivefold. Sudan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and Sudan (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for nitrogenous fertilizers (mineral or chemical) exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Libya ($X), with a X% share of total exports. It was followed by Mauritania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (X% per year) and Mauritania (X% per year).

Export Prices by Country

The average nitrogenous fertilizer export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated a prominent increase 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. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Spain ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into Morocco

In 2022, the amount of nitrogenous fertilizers (mineral or chemical) imported into Morocco rose significantly to X tons, increasing by X% compared with the previous year. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, nitrogenous fertilizer imports soared to $X in 2022. Overall, total imports indicated a remarkable increase 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of nitrogenous fertilizer to Morocco, with a X% share of total imports. Moreover, nitrogenous fertilizer imports from Russia exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fivefold. Egypt (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 Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Egypt (X% per year).

In value terms, Russia ($X) constituted the largest supplier of nitrogenous fertilizers (mineral or chemical) to Morocco, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The average nitrogenous fertilizer import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price saw tangible growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Egypt ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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