Moroccan Phosphate Exports Surge 84% in First Half of 2022

Exports of phosphates and derivatives are booming. Sales of phosphates and derivatives increased by 84.3% to reach over 57.46 billion dirhams at the end of June 2022, according to the Foreign Exchange Office in its monthly indicators of foreign trade for June.

According to the office, this development is mainly explained by the increase in sales of natural and chemical fertilizers (+19.72 billion dirhams) due to the price effect, which more than doubled, from 8,656 dirhams/tonne at the end of June 2022 to only 3,671 dirhams/tonne at the end of June 2021, reports L’Économiste. However, sales fell by 5.1% in volume.

In 2021, the OCP group’s turnover was up compared to 2020, reaching 84.3 billion dirhams. This performance was driven by strong demand in the main importing regions and higher prices for all product categories (rock, fertilizers and acid).