Price for Food Preparations Not Elsewhere Specified or Included in Morocco - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Morocco (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Morocco (FOB) - 2023
- Imports of Food Preparations Not Elsewhere Specified or Included in Morocco
- Exports of Food Preparations Not Elsewhere Specified or Included in Morocco
Price for Food Preparations Not Elsewhere Specified or Included in Morocco (CIF) - 2022
In 2022, the average import price for food preparations not elsewhere specified or included amounted to $5,280 per ton, rising by 13% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,377 per ton), while the price for Serbia ($1,608 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Morocco (FOB) - 2023
The average export price for food preparations not elsewhere specified or included stood at $11,171 per ton in June 2023, with an increase of 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.9%. The pace of growth was the most pronounced in July 2022 an increase of 24% m-o-m. Over the period under review, the average export prices attained the peak figure in June 2023.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Australia ($42,228 per ton), while the average price for exports to Senegal ($2,647 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Morocco
In 2022, supplies from abroad of food preparations not elsewhere specified or included decreased by -7.6% to 24K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 29%.
In value terms, imports of food preparations not elsewhere specified or included expanded modestly to $128M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Food Preparations Not Elsewhere Specified or Included in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 9.9 | 12.3 | 16.5 | 18.7 | 23.6% |
| France | 16.8 | 17.2 | 19.7 | 17.8 | 1.9% |
| Spain | 10.3 | 13.7 | 15.4 | 17.1 | 18.4% |
| Germany | 8.9 | 11.0 | 13.8 | 11.9 | 10.2% |
| United States | 8.8 | 5.4 | 6.7 | 7.9 | -3.5% |
| Tunisia | 6.1 | 12.6 | 17.7 | 6.3 | 1.1% |
| Egypt | 3.7 | 2.9 | 4.9 | 5.5 | 14.1% |
| Belgium | 3.4 | 3.9 | 3.1 | 4.0 | 5.6% |
| Denmark | 1.2 | 1.4 | 2.0 | 3.6 | 44.2% |
| Netherlands | 2.7 | 2.2 | 1.7 | 2.7 | 0.0% |
| Turkey | 2.1 | 1.1 | 2.1 | 2.5 | 6.0% |
| Bulgaria | N/A | 1.0 | 1.4 | 1.9 | 37.8% |
| Serbia | 0.4 | 0.3 | 0.3 | 0.8 | 26.0% |
| Others | 12.2 | 10.7 | 16.9 | 27.5 | 31.1% |
| Total | 86.6 | 95.6 | 122 | 128 | 13.9% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Morocco in 2022:
- Spain (5.4K tons)
- Italy (4.7K tons)
- Tunisia (2.4K tons)
- France (1.7K tons)
- Germany (1.7K tons)
- Bulgaria (1.0K tons)
- Egypt (0.9K tons)
- Denmark (0.9K tons)
- United States (0.6K tons)
- Belgium (0.6K tons)
- Turkey (0.5K tons)
- Netherlands (0.5K tons)
- Serbia (0.5K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Morocco
In 2022, approx. 9.1K tons of food preparations not elsewhere specified or included were exported from Morocco; remaining stable against the year before. In general, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year.
In value terms, exports of food preparations not elsewhere specified or included soared to $73M in 2022. Over the period under review, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year.
| Export of Food Preparations Not Elsewhere Specified or Included in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 31.9 | 9.4 | 13.5 | 20.0 | -14.4% |
| Qatar | N/A | N/A | 4.3 | 5.4 | 25.6% |
| United States | 5.1 | 4.1 | 3.8 | 4.3 | -5.5% |
| Senegal | 5.3 | 5.4 | 5.0 | 4.0 | -9.0% |
| Guinea | 1.6 | 1.2 | 1.5 | 1.4 | -4.4% |
| Burkina Faso | 1.1 | 1.3 | 1.2 | 1.4 | 8.4% |
| Saudi Arabia | N/A | N/A | 0.6 | 1.3 | 116.7% |
| Mauritania | 1.3 | 1.1 | 1.5 | 1.2 | -2.6% |
| Belgium | 1.0 | 0.8 | 1.2 | 1.1 | 3.2% |
| Congo | 1.3 | 1.2 | 1.2 | 1.0 | -8.4% |
| Cote d'Ivoire | 1.1 | 0.9 | 1.0 | 0.8 | -10.1% |
| Gabon | 0.8 | 0.8 | 0.8 | 0.8 | 0.0% |
| Mali | 0.7 | 0.3 | 0.5 | 0.7 | 0.0% |
| Others | 34.7 | 20.0 | 24.9 | 29.5 | -5.3% |
| Total | 85.9 | 46.5 | 60.9 | 72.8 | -5.4% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Morocco in 2022:
- France (1931.6 tons)
- Senegal (1479.6 tons)
- Burkina Faso (459.9 tons)
- Guinea (335.4 tons)
- United States (288.9 tons)
- Cote d'Ivoire (274.6 tons)
- Congo (257.4 tons)
- Saudi Arabia (252.4 tons)
- Mauritania (239.7 tons)
- Qatar (204.6 tons)
- Belgium (180.4 tons)
- Gabon (175.3 tons)
- Mali (148.0 tons)
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