Morocco - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Morocco - 2022
Contents:
- Palm Oil Price in Morocco (CIF) - 2022
- Palm Oil Price in Morocco (FOB) - 2022
- Palm Oil Imports in Morocco
- Palm Oil Exports in Morocco
Palm Oil Price in Morocco (CIF) - 2022
In 2022, the average palm oil import price amounted to $1,474 per ton, jumping by 26% against the previous year. In general, the import price showed a perceptible expansion. The most prominent rate of growth was recorded in 2021 an increase of 68% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Cote d'Ivoire ($1,583 per ton) and Guatemala ($1,564 per ton), while the price for Peru ($1,141 per ton) and Liberia ($1,345 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Palm Oil Price in Morocco (FOB) - 2022
In 2022, the average palm oil export price amounted to $1,647 per ton, with an increase of 89% against the previous year. Overall, the export price posted a temperate expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Senegal.
From 2012 to 2022, the rate of growth in terms of prices for Senegal amounted to +3.7% per year.
Palm Oil Imports in Morocco
In 2022, approx. 54K tons of palm oil were imported into Morocco; growing by 6.4% against the year before. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, palm oil imports soared to $80M in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 109%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
Import of Palm Oil in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 2.2 | 3.9 | 8.1 | 33.3 | 147.4% |
Indonesia | 7.1 | 8.1 | 3.2 | 13.0 | 22.3% |
Liberia | N/A | N/A | 3.0 | 10.9 | 263.3% |
Guatemala | 3.4 | 5.8 | 7.6 | 8.3 | 34.6% |
Peru | N/A | N/A | 12.1 | 4.6 | -62.0% |
Panama | N/A | N/A | N/A | 3.4 | 0% |
Honduras | 1.5 | 2.7 | 3.2 | 2.9 | 24.6% |
Cameroon | 3.8 | N/A | 3.2 | N/A | -8.2% |
Malaysia | 7.3 | 7.0 | 11.4 | N/A | 25.0% |
Others | 2.2 | 1.2 | 7.9 | 3.8 | 20.0% |
Total | 27.6 | 28.6 | 59.7 | 80.2 | 42.7% |
Top Suppliers of Palm Oil to Morocco in 2022:
- Cote d'Ivoire (21.1K tons)
- Indonesia (9.5K tons)
- Liberia (8.1K tons)
- Guatemala (5.3K tons)
- Peru (4.0K tons)
- Panama (2.2K tons)
- Honduras (2.0K tons)
Palm Oil Exports in Morocco
In 2022, the amount of palm oil exported from Morocco reduced rapidly to 508 tons, dropping by -71.7% on 2021. In general, exports recorded a sharp contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 127% against the previous year. As a result, the exports attained the peak of 1.8K tons, and then reduced dramatically in the following year.
In value terms, palm oil exports fell markedly to $836K in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 212% against the previous year. As a result, the exports attained the peak of $1.6M, and then dropped rapidly in the following year.
Export of Palm Oil in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Senegal | 611 | 489 | 65.3 | 827 | 10.6% |
Benin | 378 | N/A | N/A | N/A | 0% |
Ethiopia | N/A | N/A | 1,410 | N/A | 0% |
Mauritania | 20.0 | N/A | N/A | N/A | 0% |
Others | 49.6 | 11.5 | 87.0 | 9.1 | -43.2% |
Total | 1,059 | 501 | 1,562 | 836 | -7.6% |
Top Export Markets for Palm Oil from Morocco in 2022:
- Senegal (500.0 tons)
This report provides an in-depth analysis of the palm oil market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 257 - Oil of palm
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The global palm oil market revenue amounted to $48B in 2017, surging by 10% against the previous year. This figure reflect...
The global palm oil market increased from X tons in 2007 to X tons in 2016, expanding with an annual average growth rate of +X% per year over that period.
Global palm oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global palm oil exports amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
Global palm oil imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
The global production of palm oil was estimated at X million tons in 2013, which was X million tons more than in 2012.