Cerium Compounds Price in Morocco - 2022
Contents:
Cerium Compounds Price in Morocco (CIF) - 2022
In 2022, the average cerium compounds import price amounted to $4,417 per ton, shrinking by -46.4% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 433% against the previous year. The import price peaked at $44,522 per ton in 2019; however, from 2020 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 India ($29,769 per ton), while the price for China stood at $3,705 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.9%), while the prices for the other major suppliers experienced a decline.
Cerium Compounds Imports in Morocco
In 2022, imports of cerium compoundses into Morocco skyrocketed to 7.2 tons, growing by 235% compared with 2021 figures. In general, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 1,202%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, cerium compounds imports soared to $32K in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 205% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cerium Compounds in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.6 | 0.6 | 7.9 | 26.0 | 251.2% |
| India | N/A | N/A | 0.7 | 4.0 | 471.4% |
| United States | 2.8 | 1.5 | 1.1 | N/A | -37.3% |
| Others | 8.8 | 3.7 | 8.1 | 1.7 | -42.2% |
| Total | 12.1 | 5.8 | 17.7 | 31.8 | 38.0% |
Top Suppliers of Cerium Compounds to Morocco in 2022:
- China (7.0 tons)
- India (0.1 tons)
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This report provides an in-depth analysis of the market for compounds of rare-earth metals in Morocco.
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