Live Fish Price in Morocco - 2022
Contents:
- Live Fish Price in Morocco (FOB) - 2022
- Live Fish Price in Morocco (CIF) - 2022
- Live Fish Exports in Morocco
- Live Fish Imports in Morocco
Live Fish Price in Morocco (FOB) - 2022
The average live fish export price stood at $14,959 per ton in December 2022, approximately reflecting the previous month. Overall, the export price, however, showed a perceptible curtailment. The pace of growth was the most pronounced in February 2022 when the average export price increased by 66% against the previous month. As a result, the export price reached the peak level of $24,376 per ton. From March 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In December 2022, the country with the highest price was the United States ($16,067 per ton), while the average price for exports to South Korea amounted to $14,590 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Live Fish Price in Morocco (CIF) - 2022
The average live fish import price stood at $37,359 per ton in 2022, increasing by 4.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 34%. As a result, import price attained the peak level of $46,960 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($56,040 per ton), while the price for the United States ($18,778 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+29.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Live Fish Exports in Morocco
In 2022, approx. 269 tons of live fish were exported from Morocco; picking up by 7.6% on 2021 figures. The total export volume increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, the exports attained the peak of 296 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, live fish exports rose rapidly to $4.2M in 2022. The total export value increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Live Fish in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.1 | 4.0 | 2.6 | 2.0 | -13.6% |
| United States | N/A | N/A | 0.7 | 1.1 | 57.1% |
| Malta | N/A | N/A | N/A | 0.7 | 0% |
| Others | 0.2 | 0.1 | 0.4 | 0.4 | 26.0% |
| Total | 3.3 | 4.1 | 3.7 | 4.2 | 8.4% |
Top Export Markets for Live Fish from Morocco in 2022:
- South Korea (132.1 tons)
- United States (70.2 tons)
- Malta (60.0 tons)
Live Fish Imports in Morocco
In 2022, approx. 39 tons of live fish were imported into Morocco; waning by -17.9% on the previous year. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 227%. As a result, imports attained the peak of 48 tons, and then shrank significantly in the following year.
In value terms, live fish imports fell to $1.5M in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 149% against the previous year. As a result, imports attained the peak of $1.7M, and then shrank in the following year.
| Import of Live Fish in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 343 | 510 | 649 | 591 | 19.9% |
| Spain | N/A | N/A | 789 | 588 | -25.5% |
| Indonesia | 119 | 32.6 | 89.7 | 68.2 | -16.9% |
| Thailand | 5.9 | 18.6 | 67.5 | 67.5 | 125.3% |
| Italy | 94.5 | 82.7 | 64.6 | 63.8 | -12.3% |
| Israel | N/A | N/A | N/A | 55.8 | 0% |
| United States | N/A | N/A | 5.3 | 18.3 | 245.3% |
| Singapore | 41.5 | 8.2 | 5.3 | 8.3 | -41.5% |
| China | 70.9 | 29.1 | 19.4 | 6.6 | -54.7% |
| Others | 17.8 | 5.4 | 17.7 | N/A | -0.3% |
| Total | 693 | 687 | 1,708 | 1,468 | 28.4% |
Top Suppliers of Live Fish to Morocco in 2022:
- Spain (18.6 tons)
- France (12.5 tons)
- Indonesia (2.4 tons)
- Italy (1.7 tons)
- Israel (1.3 tons)
- Thailand (1.2 tons)
- United States (1.0 tons)
- Singapore (0.3 tons)
- China (0.3 tons)
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