Morocco - Chocolate And Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChocolate Price in Morocco - 2022
Contents:
- Chocolate Price in Morocco (CIF) - 2022
- Chocolate Price in Morocco (FOB) - 2022
- Chocolate Imports in Morocco
- Chocolate Exports in Morocco
Chocolate Price in Morocco (CIF) - 2022
The average chocolate import price stood at $5,050 per ton in December 2022, with a decrease of -3.6% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average import price increased by 12% month-to-month. Over the period under review, average import prices attained the peak figure at $5,236 per ton in November 2022, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($6,118 per ton), while the price for Tunisia ($2,749 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate Price in Morocco (FOB) - 2022
The average chocolate export price stood at $2,867 per ton in December 2022, reducing by -25% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when the average export price increased by 35% month-to-month. The export price peaked at $4,136 per ton in April 2022; however, from May 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Libya ($3,355 per ton), while the average price for exports to Mauritania ($2,185 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Chocolate Imports in Morocco
In 2022, after three years of growth, there was significant decline in overseas purchases of chocolate and cocoa products, when their volume decreased by -5.2% to 20K tons. The total import volume increased at an average annual rate of +12.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 28%.
In value terms, chocolate imports shrank to $91M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%.
| Import of Chocolate in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 10.9 | 18.2 | 25.4 | 23.6 | 29.4% |
| Italy | 11.4 | 14.6 | 9.8 | 11.1 | -0.9% |
| Germany | 2.6 | 8.3 | 8.9 | 9.5 | 54.0% |
| Belgium | 5.2 | 5.4 | 13.6 | 9.5 | 22.2% |
| France | 5.5 | 5.9 | 7.8 | 8.8 | 17.0% |
| Egypt | 4.6 | 6.2 | 6.7 | 6.0 | 9.3% |
| Netherlands | 3.6 | 5.9 | 5.5 | 5.0 | 11.6% |
| Poland | 1.4 | 2.9 | 5.7 | 4.8 | 50.8% |
| Turkey | 5.6 | 4.2 | 4.1 | 3.4 | -15.3% |
| United Arab Emirates | 4.5 | 3.1 | 4.5 | 2.8 | -14.6% |
| Others | 4.7 | 5.2 | 6.8 | 6.2 | 9.7% |
| Total | 60.0 | 80.1 | 98.7 | 90.6 | 14.7% |
Top Suppliers of Chocolate to Morocco in 2022:
- Spain (5.9K tons)
- Italy (2.2K tons)
- Belgium (2.0K tons)
- Germany (1.9K tons)
- Egypt (1.5K tons)
- France (1.5K tons)
- Netherlands (1.2K tons)
- Turkey (1.0K tons)
- Poland (1.0K tons)
- United Arab Emirates (0.5K tons)
Chocolate Exports in Morocco
In 2022, the amount of chocolate and cocoa products exported from Morocco skyrocketed to 1.6K tons, increasing by 35% compared with the previous year's figure. The total export volume increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, chocolate exports skyrocketed to $5.4M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Chocolate in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mali | 521 | 361 | 329 | 838 | 17.2% |
| Tunisia | 512 | 616 | 642 | 698 | 10.9% |
| Libya | 49.3 | 203 | 831 | 530 | 120.7% |
| Guinea | 117 | 212 | 457 | 470 | 59.0% |
| Congo | 204 | 167 | 300 | 459 | 31.0% |
| Netherlands | 450 | N/A | N/A | 300 | -12.6% |
| Central African Republic | 204 | 459 | 86.3 | 291 | 12.6% |
| Mauritania | 191 | 161 | 219 | 210 | 3.2% |
| Cameroon | 186 | 272 | 37.5 | 161 | -4.7% |
| Others | 1,412 | 890 | 1,271 | 1,398 | -0.3% |
| Total | 3,848 | 3,340 | 4,172 | 5,354 | 11.6% |
Top Export Markets for Chocolate from Morocco in 2022:
- Mali (335.5 tons)
- Guinea (207.6 tons)
- Congo (182.9 tons)
- Tunisia (173.4 tons)
- Libya (129.1 tons)
- Netherlands (127.2 tons)
- Central African Republic (118.2 tons)
- Mauritania (95.5 tons)
- Cameroon (60.9 tons)
This report provides an in-depth analysis of the chocolate 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:
- Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
- Prodcom 10822150 - Chocolate milk crumb containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822170 - Chocolate flavour coating containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822190 - Food preparations containing <18 % of cocoa butter and in packings weighing > 2 kg (excluding chocolate flavour coating, chocolate milk crumb)
- Prodcom 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
- Prodcom 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)
- Prodcom 10822239 - Chocolate blocks, slabs or bars (excluding filled, with added cereal, fruit or nuts, chocolate biscuits)
- Prodcom 10822243 - Chocolates (including pralines) containing alcohol (excluding in blocks, slabs or bars)
- Prodcom 10822245 - Chocolates (excluding those containing alcohol, in blocks, s labs or bars)
- Prodcom 10822253 - Filled chocolate confectionery (excluding in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822255 - Chocolate confectionery (excluding filled, in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822260 - Sugar confectionery and substitutes therefor made from sugar substitution products, containing cocoa (including chocolate nougat) (excluding white chocolate)
- Prodcom 10822270 - Chocolate spreads
- Prodcom 10822280 - Preparations containing cocoa for making beverages
- Prodcom 10822290 - Food products with cocoa (excluding cocoa paste, butter, p owder, blocks, slabs, bars, liquid, paste, powder, granular, o ther bulk form in packings > 2 kg, to make beverages, c hocolate spreads)
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
-
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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