Dried Apricot Price in Morocco - 2022

Contents:

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

Dried Apricot Price in Morocco (CIF) - 2022

In 2022, the average dried apricot import price amounted to $4,671 per ton, with an increase of 53% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried apricot import price increased by +84.4% against 2019 indices. As a result, import price attained the peak level 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 country with the highest price was Turkey ($4,756 per ton), while the price for Uzbekistan totaled $3,731 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.4%).

Dried Apricot Price in Morocco (FOB) - 2022

In 2022, the average dried apricot export price amounted to $3,904 per ton, surging by 12% against the previous year. In general, the export price, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2019 an increase of 115% against the previous year. The export price peaked at $12,200 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($6,470 per ton), while the average price for exports to the United Arab Emirates ($2,794 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+147.2%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Apricot Imports in Morocco

In 2022, approx. 672 tons of dried apricots were imported into Morocco; which is down by -12.7% compared with 2021. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 1%.

In value terms, dried apricot imports soared to $3.1M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.4% 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 +58.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Dried Apricot to Morocco in 2022:

1. Turkey (612.5 tons)
2. Uzbekistan (59.0 tons)

Dried Apricot Exports in Morocco

In 2022, shipments abroad of dried apricots decreased by -38.1% to 14 tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 16,973%. As a result, the exports attained the peak of 70 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, dried apricot exports shrank sharply to $53K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 34,702%. As a result, the exports reached the peak of $191K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Dried Apricot from Morocco in 2022:

1. United Arab Emirates (9.1 tons)
2. Qatar (2.1 tons)
3. Saudi Arabia (1.5 tons)
4. Bahrain (0.5 tons)
5. Niger (0.3 tons)

Source: IndexBox Market Intelligence Platform