Price for Cereal Flours; Other than of Wheat or Meslin in Morocco - 2023

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Morocco (FOB) - 2022
2. Price for Cereal Flours; Other than of Wheat or Meslin in Morocco (CIF) - 2022
3. Exports of Cereal Flours; Other than of Wheat or Meslin in Morocco
4. Imports of Cereal Flours; Other than of Wheat or Meslin in Morocco

Price for Cereal Flours; Other than of Wheat or Meslin in Morocco (FOB) - 2022

The average export price for cereal flours; other than of wheat or meslin stood at $413 per ton in 2022, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 an increase of 13%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($463 per ton), while the average price for exports to Mauritania ($404 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+0.9%).

Price for Cereal Flours; Other than of Wheat or Meslin in Morocco (CIF) - 2022

In 2022, the average import price for cereal flours; other than of wheat or meslin amounted to $1,145 per ton, reducing by -12% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal flours; other than of wheat or meslin increased by +5.6% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 36% against the previous year. Over the period under review, average import prices reached the maximum at $1,694 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,351 per ton), while the price for Argentina ($830 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cereal Flours; Other than of Wheat or Meslin in Morocco

In 2022, the amount of cereal flours; other than of wheat or meslin exported from Morocco surged to 2.4K tons, jumping by 28% on 2021 figures. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal flours; other than of wheat or meslin surged to $1M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.2% 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 +87.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Morocco in 2022:

1. Mauritania (2067.8 tons)
2. Belgium (250.4 tons)
3. Netherlands (48.0 tons)

Imports of Cereal Flours; Other than of Wheat or Meslin in Morocco

For the fourth year in a row, Morocco recorded growth in overseas purchases of cereal flours; other than of wheat or meslin, which increased by 68% to 356 tons in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal flours; other than of wheat or meslin soared to $408K in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 54%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Morocco in 2022:

1. Argentina (125.0 tons)
2. Spain (107.5 tons)
3. France (42.9 tons)
4. United States (38.6 tons)
5. Italy (14.2 tons)
6. Germany (12.3 tons)
7. China (10.5 tons)

Source: IndexBox Market Intelligence Platform