# OCP reports 15% revenue growth in H1 2024, driven by export demand - 7news Morocco

> OCP Group reported first-half 2024 revenue of 43.24 billion dirhams, up 15% year on year, driven by higher export volumes that offset lower sales prices. EBITDA rose 113% to 16.31 billion dirhams. Demand was strong in Europe and Africa for fertilizers and in Europe and India for phosphoric acid.

- Date: 2024-09-24 · published 2024-09-24T12:00:00.000Z
- Category: trade · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/28659-ocp-reports-15-revenue-growth-in-h1-2024-driven-by-export-demand-7news-morocco
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Strong export demand for OCP's phosphate products signals firm global phosphate fertilizer demand, though lower realized prices point to softer pricing for some segments.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2025-10-03 | [OCP Revenues Surge on Exports, TSP Demand \| Green Markets](https://feedsoft.ai/events/22720-ocp-revenues-surge-on-exports-tsp-demand-green-markets.md) | +1.9% | +1.6% |
| DAP | 2022-10-05 | [Phosphate Exports in Morocco Rose by A Record 68% in 2022](https://feedsoft.ai/events/39464-phosphate-exports-in-morocco-rose-by-a-record-68-in-2022.md) | -1.7% | -6.2% |
| DAP | 2026-04-21 | [Morocco's OCP increases fertiliser exports to India after drop in Indian production - 7news Morocco](https://feedsoft.ai/events/20026-morocco-s-ocp-increases-fertiliser-exports-to-india-after-drop-in-indian.md) | +0.3% | +6.9% |
| DAP | 2022-11-24 | [Morocco’s Phosphate and Derivative Exports Hit $8.63 Billion in September](https://feedsoft.ai/events/39008-morocco-s-phosphate-and-derivative-exports-hit-8-63-billion-in-september.md) | -3.8% | -8.3% |
| DAP | 2024-03-25 | [Nola DAP re-export demand drives prices higher \| Latest Market News](https://feedsoft.ai/events/31533-nola-dap-re-export-demand-drives-prices-higher-latest-market-news.md) | -10.7% | -13.4% |

## Sources

- en.7news.ma: https://en.7news.ma/ocp-reports-15-revenue-growth-in-h1-2024-driven-by-export-demand/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.