Price for Fish; Edible Offal, Shark Fins in Morocco - 2022

Contents:

1. Price for Fish; Edible Offal, Shark Fins in Morocco (FOB) - 2022
2. Exports of Fish; Edible Offal, Shark Fins in Morocco

Price for Fish; Edible Offal, Shark Fins in Morocco (FOB) - 2022

In 2022, the average export price for fish; edible offal, shark finses amounted to $38,530 per ton, surging by 31% against the previous year. Over the period under review, the export price saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 94%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($52,577 per ton), while the average price for exports to Senegal ($7,628 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Fish; Edible Offal, Shark Fins in Morocco

In 2022, overseas shipments of fish; edible offal, shark finses decreased by -13.3% to 28 tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. As a result, the exports attained the peak of 36 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fish; edible offal, shark fins exports rose rapidly to $1.1M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Fish; Edible Offal, Shark Fins from Morocco in 2022:

1. Hong Kong SAR (15.4 tons)
2. Singapore (9.7 tons)
3. Senegal (3.0 tons)

Source: IndexBox Market Intelligence Platform