Morocco - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Whole Fish Price in Morocco - 2022
Contents:
- Frozen Whole Fish Price in Morocco (FOB) - 2022
- Frozen Whole Fish Price in Morocco (CIF) - 2022
- Frozen Whole Fish Exports in Morocco
- Frozen Whole Fish Imports in Morocco
Frozen Whole Fish Price in Morocco (FOB) - 2022
The average frozen whole fish export price stood at $977 per ton in December 2022, which is down by -3.2% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 17% against the previous month. Over the period under review, the average export prices reached the maximum at $1,256 per ton in February 2022; however, from March 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Russia ($1,602 per ton), while the average price for exports to Tunisia ($572 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 Russia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Whole Fish Price in Morocco (CIF) - 2022
In 2022, the average frozen whole fish import price amounted to $1,703 per ton, with an increase of 6% against the previous year. In general, the import price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $1,935 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Senegal ($1,799 per ton) and Spain ($1,697 per ton), while the price for China ($1,375 per ton) and Portugal ($1,375 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Fish Exports in Morocco
For the fourth consecutive year, Morocco recorded growth in shipments abroad of frozen whole fish, which increased by 13% to 354K tons in 2022. The total export volume increased at an average annual rate of +11.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, frozen whole fish exports rose notably to $381M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.7% 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 +54.9% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Frozen Whole Fish in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 41.1 | 32.7 | 34.2 | 68.0 | 18.3% |
| Brazil | 58.3 | 41.6 | 38.4 | 66.8 | 4.6% |
| Cote d'Ivoire | 11.9 | 28.9 | 34.5 | 41.5 | 51.6% |
| Spain | 27.4 | 31.4 | 53.8 | 36.2 | 9.7% |
| Ghana | 3.8 | 18.1 | 19.9 | 14.3 | 55.5% |
| Burkina Faso | 0.2 | 4.4 | 16.6 | 13.0 | 302.1% |
| Mali | 3.1 | 5.0 | 10.7 | 12.8 | 60.4% |
| Portugal | 9.4 | 8.0 | 5.4 | 8.7 | -2.5% |
| Malaysia | 3.6 | 2.8 | 3.2 | 8.4 | 32.6% |
| Turkey | 11.3 | 12.0 | 25.7 | 8.2 | -10.1% |
| Malta | 6.2 | 7.7 | 15.7 | 7.3 | 5.6% |
| Croatia | 2.2 | 5.3 | 3.5 | 4.6 | 27.9% |
| Senegal | N/A | 1.3 | 3.6 | 3.9 | 73.2% |
| Others | 67.5 | 73.3 | 66.4 | 87.4 | 9.0% |
| Total | 246 | 273 | 332 | 381 | 15.7% |
Top Export Markets for Frozen Whole Fish from Morocco in 2022:
- Brazil (62.5K tons)
- South Africa (56.3K tons)
- Cote d'Ivoire (41.6K tons)
- Spain (35.2K tons)
- Mali (21.0K tons)
- Burkina Faso (18.4K tons)
- Turkey (12.8K tons)
- Ghana (11.6K tons)
- Malta (10.2K tons)
- Croatia (6.9K tons)
- Portugal (6.3K tons)
- Malaysia (6.0K tons)
- Senegal (6.0K tons)
Frozen Whole Fish Imports in Morocco
In 2022, approx. 32K tons of frozen whole fish were imported into Morocco; increasing by 2.4% on the year before. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, frozen whole fish imports expanded remarkably to $54M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Frozen Whole Fish in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 22.2 | 29.4 | 37.8 | 33.1 | 14.2% |
| Senegal | 2.3 | 2.0 | 4.1 | 7.0 | 44.9% |
| France | 2.5 | 0.3 | 2.2 | 5.9 | 33.1% |
| Norway | 0.3 | 1.0 | 0.2 | 1.8 | 81.7% |
| Portugal | 0.9 | 0.2 | 0.4 | 1.2 | 10.1% |
| Ecuador | N/A | N/A | 0.2 | 0.8 | 300.0% |
| Brazil | 2.1 | 0.1 | 0.4 | 0.1 | -63.8% |
| China | 3.0 | N/A | N/A | N/A | 0% |
| Others | 8.0 | 3.0 | 4.5 | 4.2 | -19.3% |
| Total | 41.2 | 36.0 | 49.9 | 54.1 | 9.5% |
Top Suppliers of Frozen Whole Fish to Morocco in 2022:
- China (undefinedK tons)
- Spain (19.5K tons)
- Senegal (3.9K tons)
- France (3.6K tons)
- Norway (1.1K tons)
- Portugal (0.9K tons)
- Ecuador (0.5K tons)
- Brazil (0.1K tons)
This report provides an in-depth analysis of the frozen whole fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
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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