This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from Hibapress, the Arabic version:
Heba Press – Rabat
During 2024, the phosphate sector in Morocco witnessed a remarkable takeover, according to data published by the Directorate of Financial Studies and expectations (DEPF). The production of phosphate derivatives increased by 22% at the end of November, compared to a decrease of 3.7% during the same period last year.
The production of gross phosphate also recorded an increase of 24.5%, after a decrease of 10.8% in 2023, which reflects the resumption of the sector and the restoration of its momentum in the light of the improvement of international demand.
A jump in exports and support the Moroccan site worldwide
At the commercial level, gross phosphate exports leaped by 49% in 2024, while its derived exports increased by 13.9%. This growth has strengthened Morocco’s position as one of the main players in the global phosphate market, taking advantage of price stability and growing international markets.
Notable improvement in financial returns
Financially, gross phosphate export income increased by 10.1%, while the revenues of its derivatives increased by 13.5%. Thanks to this performance, phosphate export income and its derivatives reached 86.8 billion dirhams at the end of 2024, recording growth of 13.1% compared to last year, which experienced a sharp decrease of 33.6%.
The factors support the recovery of the sector
This recovery is due to the high demand for global fertilizer to phosphate and phosphate, as well as to the increase in investments in the sector, and to the efforts deployed to improve the production and export chain, which improves the positive perspectives of the industry in the years to come.
