Morocco: Zinc Oxide Market 2024

Zinc Oxide Market Size in Morocco

The Moroccan zinc oxide market contracted to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated a strong 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. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Zinc Oxide Production in Morocco

In value terms, zinc oxide production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Zinc Oxide Exports

Exports from Morocco

In 2022, shipments abroad of zinc oxide and zinc peroxide was finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a precipitous contraction. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, zinc oxide exports expanded rapidly to $X in 2022. Overall, exports, however, saw a dramatic slump. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for zinc oxide exports from Morocco, with a X% share of total exports. Moreover, zinc oxide exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and India (X% per year).

In value terms, Spain ($X) remains the key foreign market for zinc oxide and zinc peroxide exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and India (X% per year).

Export Prices by Country

The average zinc oxide export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated a noticeable 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. Based on 2022 figures, zinc oxide export price decreased by X% against 2017 indices. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Spain ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Oxide Imports

Imports into Morocco

After three years of growth, purchases abroad of zinc oxide and zinc peroxide decreased by X% to X tons in 2022. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, zinc oxide imports contracted remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of zinc oxide to Morocco, with a X% share of total imports. Moreover, zinc oxide imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Greece (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Greece (X% per year).

In value terms, Spain ($X) constituted the largest supplier of zinc oxide and zinc peroxide to Morocco, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average zinc oxide import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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