Price for Metals; Silver, Unwrought, (But Not Powder) in Morocco - 2023
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Morocco (FOB) - 2023
- Price for Metals; Silver, Unwrought, (But Not Powder) in Morocco (CIF) - 2022
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Morocco
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Morocco
Price for Metals; Silver, Unwrought, (But Not Powder) in Morocco (FOB) - 2023
In June 2023, the average export price for metals; silver, unwrought, (but not powder) amounted to $713K per ton, dropping by -5.4% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 17% month-to-month. As a result, the export price reached the peak level of $760K per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From June 2022 to June 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to +2.5% per month.
Price for Metals; Silver, Unwrought, (But Not Powder) in Morocco (CIF) - 2022
In 2022, the average import price for metals; silver, unwrought, (but not powder) amounted to $716,841 per ton, waning by -8.5% against the previous year. Over the period under review, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs at $1,026,624 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($759,525 per ton), while the price for Italy stood at $707,280 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.4%).
Exports of Metals; Silver, Unwrought, (But Not Powder) in Morocco
Exports of metals; silver, unwrought, (but not powder) from Morocco reduced to 123 tons in 2022, shrinking by -11.9% compared with 2021. Over the period under review, exports faced a deep contraction. The smallest decline of -10.5% was in 2021.
In value terms, exports of metals; silver, unwrought, (but not powder) fell sharply to $82M in 2022. In general, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 8.1%. As a result, the exports attained the peak of $108M, and then fell rapidly in the following year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 57.5 | 51.1 | 67.7 | 53.2 | -2.6% |
| Italy | 22.3 | 22.2 | 23.8 | 15.0 | -12.4% |
| United Arab Emirates | 4.3 | 26.7 | 16.6 | 14.0 | 48.2% |
| Turkey | 9.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 93.5 | 100 | 108 | 82.3 | -4.2% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Morocco in 2022:
- Switzerland (79.1 tons)
- Italy (22.6 tons)
- United Arab Emirates (21.5 tons)
Imports of Metals; Silver, Unwrought, (But Not Powder) in Morocco
In 2022, the amount of metals; silver, unwrought, (but not powder) imported into Morocco dropped sharply to 1 tons, falling by -26.5% on 2021 figures. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 109% against the previous year. As a result, imports attained the peak of 1.4 tons, and then declined markedly in the following year.
In value terms, imports of metals; silver, unwrought, (but not powder) reduced sharply to $717K in 2022. In general, imports, however, saw resilient growth. The growth pace was the most rapid in 2021 with an increase of 131% against the previous year. As a result, imports reached the peak of $1.1M, and then contracted sharply in the following year.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 405 | 265 | 894 | 578 | 12.6% |
| France | 39.0 | 197 | 170 | 139 | 52.8% |
| Others | N/A | 0.3 | 2.1 | N/A | 600.0% |
| Total | 444 | 462 | 1,066 | 717 | 17.3% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Morocco in 2022:
- Italy (817.0 kg)
- France (183.0 kg)
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