Morocco: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Morocco

The Moroccan barium or aluminium sulphates market fell remarkably to $X in 2022, which is down by -26.6% against the previous year. Overall, consumption showed a slight contraction. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Production of Sulphates Of Barium Or Aluminium in Morocco

In value terms, barium or aluminium sulphates production declined to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Barium or aluminium sulphates production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Morocco

In 2022, after two years of growth, there was significant decline in overseas shipments of sulphates of barium or aluminium, when their volume decreased by -61% to X tons. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 with an increase of 3,323%. As a result, the exports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, barium or aluminium sulphates exports fell sharply to $X in 2022. In general, exports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 3,224% against the previous year. As a result, the exports reached the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Senegal (X tons) was the main destination for barium or aluminium sulphates exports from Morocco, with a 96% share of total exports. Moreover, barium or aluminium sulphates exports to Senegal exceeded the volume sent to the second major destination, Mauritania (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Senegal amounted to -6.2%.

In value terms, Senegal ($X) remains the key foreign market for sulphates of barium or aluminium exports from Morocco, comprising 93% of total exports. The second position in the ranking was held by Mauritania ($X), with a 7.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Senegal stood at -4.8%.

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, with an increase of 40% against the previous year. In general, the export price showed a modest expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Senegal totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+7.5%).

Imports of Sulphates Of Barium Or Aluminium

Imports into Morocco

In 2022, after two years of growth, there was significant decline in purchases abroad of sulphates of barium or aluminium, when their volume decreased by -56.3% to X tons. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 1,222%. Imports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, barium or aluminium sulphates imports declined markedly to $X in 2022. Overall, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 743%. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Turkey (X tons), Romania (X tons) and Sweden (X tons) were the main suppliers of barium or aluminium sulphates imports to Morocco, with a combined 94% share of total imports. Italy and China lagged somewhat behind, together accounting for a further 5.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +107.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of sulphates of barium or aluminium to Morocco, comprising 50% of total imports. The second position in the ranking was taken by Romania ($X), with a 25% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +57.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+20.6% per year) and Italy (-5.6% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, surging by 4.2% against the previous year. In general, the import price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 63% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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