Morocco - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana Price in Morocco - 2023
Contents:
- Banana Price in Morocco (CIF) - 2022
- Banana Price in Morocco (FOB) - 2022
- Banana Imports in Morocco
- Banana Exports in Morocco
Banana Price in Morocco (CIF) - 2022
In 2022, the average banana import price amounted to $500 per ton, shrinking by -10.2% against the previous year. Overall, the import price saw a slight setback. The growth pace was the most rapid in 2016 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the maximum at $622 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ecuador ($499 per ton), while the price for Costa Rica stood at $499 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+43.7%), while the prices for the other major suppliers experienced a decline.
Banana Price in Morocco (FOB) - 2022
In 2022, the average banana export price amounted to $578 per ton, which is down by -3.1% against the previous year. Overall, export price indicated a notable increase from 2015 to 2022: its price increased at an average annual rate of +4.7% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana export price decreased by -31.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31%. Over the period under review, the average export prices reached the peak figure at $849 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($566 per ton), while the average price for exports to Mali totaled $466 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+4.1%).
Banana Imports in Morocco
In 2022, purchases abroad of bananas decreased by -28.8% to 18K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 10%. As a result, imports reached the peak of 25K tons, and then shrank rapidly in the following year.
In value terms, banana imports fell remarkably to $8.9M in 2022. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, imports reached the peak of $14M, and then dropped sharply in the following year.
| Import of Banana in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 7.1 | 6.6 | 8.3 | 4.4 | -14.7% |
| Costa Rica | 2.7 | 3.9 | 3.7 | 4.1 | 14.9% |
| Portugal | 0.4 | 0.2 | 0.4 | 0.1 | -37.0% |
| Colombia | 0.4 | 0.4 | 0.1 | 0.1 | -37.0% |
| Others | 0.3 | 0.6 | 1.4 | 0.2 | -12.6% |
| Total | 10.9 | 11.8 | 13.9 | 8.9 | -6.5% |
Top Suppliers of Banana to Morocco in 2022:
- Ecuador (8.8K tons)
- Costa Rica (8.3K tons)
- Colombia (0.2K tons)
- Portugal (0.2K tons)
Banana Exports in Morocco
Banana exports from Morocco rose sharply to 460 tons in 2022, increasing by 5.2% compared with the previous year's figure. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 379%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, banana exports expanded slightly to $266K in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 237% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Banana in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | 73.7 | 7.0 | 30.5 | 253 | 50.9% |
| Mali | N/A | N/A | N/A | 4.2 | 0% |
| Oman | N/A | 68.9 | 230 | N/A | 233.8% |
| Others | 5.2 | 1.4 | 0.4 | 8.2 | 16.4% |
| Total | 78.9 | 77.4 | 261 | 266 | 49.9% |
Top Export Markets for Banana from Morocco in 2022:
- Mauritania (447.6 tons)
- Mali (9.0 tons)
This report provides an in-depth analysis of the banana 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 486 - Bananas
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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