Zinc Dust Price in Morocco - 2022

Zinc Dust Price in Morocco (CIF) - 2022

The average zinc dust import price stood at $4,893 per ton in 2022, increasing by 37% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc dust import price increased by +64.2% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($5,165 per ton), while the price for South Korea ($4,877 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Zinc Dust Price in Morocco (FOB) - 2022

In December 2022, the average zinc dust export price amounted to $2,008 per ton, remaining relatively unchanged against the previous month. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $2,313 per ton in April 2022; however, from May 2022 to December 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From January 2022 to December 2022, the rate of growth in terms of prices for Italy amounted to -0.1% per month.

Zinc Dust Imports in Morocco

In 2022, supplies from abroad of zinc dusts decreased by -21.7% to 243 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep slump. The growth pace was the most rapid in 2020 when imports increased by 6.3%. As a result, imports attained the peak of 319 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, zinc dust imports rose sharply to $1.2M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Import of Zinc Dust in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	705	866	1,057	1,073	15.0%
Belgium	339	24.0	29.5	74.4	-39.7%
Norway	N/A	53.8	18.0	40.9	-12.8%
Others	4.2	6.7	5.3	0.2	-63.8%
Total	1,048	950	1,110	1,188	4.3%

Top Suppliers of Zinc Dust to Morocco in 2022:

South Korea (220.0 tons)
Belgium (14.9 tons)
Norway (7.9 tons)

Zinc Dust Exports in Morocco

In 2022, zinc dust exports from Morocco rose notably to 228 tons, increasing by 14% compared with the previous year. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.1% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 39%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, zinc dust exports soared to $487K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.