Non-Liquid Margarine Price in Morocco - 2022

Contents:

1. Non-Liquid Margarine Price in Morocco (FOB) - 2022
2. Non-Liquid Margarine Price in Morocco (CIF) - 2022
3. Non-Liquid Margarine Exports in Morocco
4. Non-Liquid Margarine Imports in Morocco

Non-Liquid Margarine Price in Morocco (FOB) - 2022

The average non-liquid margarine export price stood at $2,100 per ton in December 2022, surging by 3.1% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in March 2022 an increase of 30% against the previous month. The export price peaked at $2,165 per ton in October 2022; however, from November 2022 to December 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In December 2022, the country with the highest price was Mali ($2,207 per ton), while the average price for exports to Gambia ($1,963 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 Cameroon (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Liquid Margarine Price in Morocco (CIF) - 2022

The average non-liquid margarine import price stood at $2,446 per ton in December 2022, with an increase of 39% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Belgium ($3,843 per ton), while the price for Egypt ($1,523 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 Belgium (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Liquid Margarine Exports in Morocco

For the fourth consecutive year, Morocco recorded growth in overseas shipments of non-liquid margarine, which increased by 44% to 4.2K tons in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, non-liquid margarine exports skyrocketed to $8.2M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Non-Liquid Margarine from Morocco in 2022:

1. Guinea (3252.0 tons)
2. Cameroon (352.3 tons)
3. Gambia (207.6 tons)
4. Congo (179.3 tons)
5. Gabon (34.0 tons)

Non-Liquid Margarine Imports in Morocco

For the fourth consecutive year, Morocco recorded growth in supplies from abroad of non-liquid margarine, which increased by 30% to 2.2K tons in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,609% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, non-liquid margarine imports soared to $4.2M in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,878%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Non-Liquid Margarine to Morocco in 2022:

1. Germany (994.8 tons)
2. Brazil (505.0 tons)
3. Spain (469.8 tons)
4. Belgium (107.5 tons)
5. Poland (55.6 tons)

Source: IndexBox Market Intelligence Platform