Morocco: Market for Precious Metal Ores And Concentrates 2025

Market Size for Precious Metal Ores And Concentrates in Morocco

The Moroccan market for precious metal ores and concentrates stood at $X in 2022, flattening at the previous year. Overall, consumption saw a buoyant expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Precious Metal Ores And Concentrates in Morocco

In value terms, precious metal ore and concentrate production skyrocketed to $X in 2022 estimated in export price. In general, production showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,122%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Precious Metal Ores And Concentrates

Exports from Morocco

In 2022, approx. X tons of precious metal ores and concentrates were exported from Morocco; flattening at 2021 figures. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 239%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate exports fell to $X in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 289%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Spain (X tons) and China (X tons) were the main destinations of precious metal ore and concentrate exports from Morocco.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +91.2%).

In value terms, the largest markets for precious metal ore and concentrate exported from Morocco were Spain ($X) and China ($X).

Spain, with a CAGR of +50.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for precious metal ores and concentrates stood at $X per ton in 2022, declining by -8.5% against the previous year. Over the period under review, the export price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 90%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+28.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Precious Metal Ores And Concentrates

Imports into Morocco

In 2019, purchases abroad of precious metal ores and concentrates decreased by 0% to less than X kg, falling for the third year in a row after two years of growth. Overall, imports saw a sharp reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 100%. As a result, imports attained the peak of X kg. From 2014 to 2019, the growth of imports remained at a somewhat lower figure.

In value terms, precious metal ore and concentrate imports totaled $X in 2019. Over the period under review, imports showed a significant curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 106%. As a result, imports reached the peak of $X. From 2014 to 2019, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2017, Spain (X kg) was the main precious metal ore and concentrate supplier to Morocco, with a approx. 100% share of total imports.

From 2012 to 2017, the average annual rate of growth in terms of volume from Spain was relatively modest.

In value terms, Spain ($X) constituted the largest supplier of precious metal ores and concentrates to Morocco.

From 2012 to 2017, the average annual growth rate of value from Spain was relatively modest.

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2017, which is down by -25.3% against the previous year. Overall, the import price saw a dramatic downturn. The most prominent rate of growth was recorded in 2016 an increase of 19% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2017, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2017, the rate of growth in terms of prices for France amounted to +19.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :