Brown Rice Price in Morocco - 2022

Contents:

1. Brown Rice Price in Morocco (FOB) - 2022
2. Brown Rice Price in Morocco (CIF) - 2022
3. Brown Rice Exports in Morocco
4. Brown Rice Imports in Morocco

Brown Rice Price in Morocco (FOB) - 2022

In 2022, the average brown rice export price amounted to $657 per ton, shrinking by -2.6% against the previous year. In general, the export price showed a pronounced setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 14%. Over the period under review, the average export prices attained the maximum at $1,030 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($1,142 per ton), while the average price for exports to the UK ($627 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.4%), while the prices for the other major destinations experienced a decline.

Brown Rice Price in Morocco (CIF) - 2022

The average brown rice import price stood at $1,245 per ton in 2022, increasing by 7.4% against the previous year. Over the period under review, the import price posted a notable increase. The pace of growth was the most pronounced in 2019 an increase of 73%. Over the period under review, average import prices reached the peak figure at $2,550 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($4,109 per ton), while the price for Myanmar ($713 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+0.2%), while the prices for the other major suppliers experienced a decline.

Brown Rice Exports in Morocco

In 2022, brown rice exports from Morocco contracted sharply to 1.1K tons, waning by -36.3% against 2021. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 265% against the previous year. As a result, the exports reached the peak of 1.7K tons, and then declined sharply in the following year.

In value terms, brown rice exports contracted remarkably to $700K in 2022. Over the period under review, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 316% against the previous year. As a result, the exports reached the peak of $1.1M, and then dropped sharply in the following year.

Top Export Markets for Brown Rice from Morocco in 2022:

1. United Kingdom (582.2 tons)
2. Spain (481.3 tons)

Brown Rice Imports in Morocco

Brown rice imports into Morocco declined dramatically to 71 tons in 2022, with a decrease of -49.6% against the previous year. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 191%. As a result, imports reached the peak of 140 tons, and then dropped dramatically in the following year.

In value terms, brown rice imports contracted remarkably to $88K in 2022. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 132% against the previous year. As a result, imports attained the peak of $162K, and then fell notably in the following year.

Top Suppliers of Brown Rice to Morocco in 2022:

1. Myanmar (54.4 tons)
2. France (1.1 tons)
3. Belgium (0.9 tons)

Source: IndexBox Market Intelligence Platform