Morocco - Nitrates (Excluding Those of Potassium) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMorocco: Nitrates Market 2024
Nitrates Market Size in Morocco
In 2023, the Moroccan nitrates market increased by X% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption saw a significant increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.
Nitrates Exports
Exports from Morocco
In 2023, overseas shipments of nitrates (excluding those of potassium) increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, nitrates exports skyrocketed to $X in 2023. Overall, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Sudan (X tons) was the main destination for nitrates exports from Morocco, with a X% share of total exports. Moreover, nitrates exports to Sudan exceeded the volume sent to the second major destination, Mauritania (X tons), sevenfold.
From 2012 to 2023, the average annual rate of growth in terms of volume to Sudan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and Senegal (X% per year).
In value terms, the largest markets for nitrates exported from Morocco were Sudan ($X), Mauritania ($X) and Senegal ($X).
Among the main countries of destination, Mauritania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Export Prices by Country
In 2023, the average nitrates export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Sudan ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (X%), while the prices for the other major destinations experienced mixed trend patterns.
Nitrates Imports
Imports into Morocco
In 2023, approx. X tons of nitrates (excluding those of potassium) were imported into Morocco; jumping by X% compared with the previous year. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.
In value terms, nitrates imports surged to $X in 2023. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.
Imports by Country
In 2023, the Czech Republic (X tons) constituted the largest supplier of nitrates to Morocco, with a X% share of total imports. Moreover, nitrates imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fourfold. The third position in this ranking was held by China (X tons), with a X% share.
From 2012 to 2023, the average annual growth rate of volume from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and China (X% per year).
In value terms, the Czech Republic ($X) constituted the largest supplier of nitrates (excluding those of potassium) to Morocco, comprising X% of total imports. The second position in the ranking was held by Portugal ($X), with a X% share of total imports. It was followed by Spain, with an X% share.
From 2012 to 2023, the average annual growth rate of value from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Spain (X% per year).
Import Prices by Country
The average nitrates import price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price showed a temperate expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the nitrates market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20134210 - Nitrates (excluding those of potassium)
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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