Price for Cereal Flour; of Maize (Corn) in Morocco - 2022

Price for Cereal Flour; of Maize (Corn) in Morocco (CIF) - 2022

The average import price for cereal flour; of maize (corn) stood at $1,004 per ton in 2022, waning by -3.7% against the previous year. Over the period under review, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 153% against the previous year. As a result, import price reached the peak level of $1,107 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 France ($2,224 per ton), while the price for Spain ($754 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Flour; of Maize (Corn) in Morocco (FOB) - 2022

The average export price for cereal flour; of maize (corn) stood at $1,414 per ton in 2022, reducing by -30.4% against the previous year. Over the period under review, the export price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 65% against the previous year. The export price peaked at $3,247 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Gambia ($29,000 per ton), while the average price for exports to Spain ($1,137 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Flour; of Maize (Corn) in Morocco

In 2022, cereal flour; of maize (corn) imports into Morocco skyrocketed to 147 tons, increasing by 20% on 2021 figures. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cereal flour; of maize (corn) imports soared to $147K in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Cereal Flour; of Maize (Corn) in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	6.5	10.2	36.7	69.8	120.6%
United States	8.7	30.2	29.6	44.0	71.7%
Italy	0.6	8.1	16.3	22.5	234.7%
France	3.5	4.5	1.6	5.1	13.4%
India	5.5	N/A	N/A	N/A	0%
Turkey	2.8	2.4	2.6	N/A	-3.6%
Others	13.1	18.3	40.1	5.7	-24.2%
Total	40.8	73.6	127	147	53.3%

Top Suppliers of Cereal Flour; of Maize (Corn) to Morocco in 2022:

Spain (92.7 tons)
United States (38.6 tons)
Italy (12.3 tons)
France (2.3 tons)

Exports of Cereal Flour; of Maize (Corn) in Morocco

In 2022, the amount of cereal flour; of maize (corn) exported from Morocco surged to 428 kg, jumping by 1,238% on the previous year's figure. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereal flour; of maize (corn) exports skyrocketed to $605 in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.