PHOSPHATE: INCREASE OR DECLINE IN EXPORT VALUES?

HIBAPRESS-RABAT-PRESS RELEASE

According to the Department of Studies and Financial Forecasts (DEPF) under the Ministry of Economy and Finance, the value of exports in the phosphate and derivatives sector increased by +66.6% at the end of last September, instead of + 45.4% a year earlier.

For their part, sales of phosphate derivatives appreciated by 67% at the end of September 2022, benefiting from the continued increase in their international selling prices.

However, their exported volume fell by 17.1%, the result of the decline in the volume of fertilizers by 10.5%, and the volume of phosphoric acid by 33.9%, than for the month of September alone, fertilizer exports increased by 28.6% in volume and 96.2% in value.

As for foreign sales of crude phosphate, they strengthened, in value, by 63.1% at the end of September 2022, once morest a drop in volume of 43.7%.

At the end of the first half of 2022, the added value of the extractive sector, in volume, fell by 6.3%, following an increase of 1.2% a year earlier.

This result covers a drop of 4.8% in the first quarter and 7.8% in the second quarter of 2022, instead of an increase of 3% in Q1-2021 and a decline of 0.6% in Q2-2021.

This downward trend continues in the third quarter of 2022, in line with the decline in market production of rock phosphates, an important component of the extractive sector in Morocco, of 20.3% for this quarter, following a decline of 16.5%. in Q2-2022 and 11% in Q1-2022.