Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Morocco - 2023

Contents:

1. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Morocco (CIF) - 2022
2. Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Morocco (FOB) - 2022
3. Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Morocco
4. Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Morocco

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Morocco (CIF) - 2022

In 2022, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $4,645 per ton, falling by -78.4% against the previous year. Over the period under review, the import price saw a slight setback. The most prominent rate of growth was recorded in 2021 an increase of 340% against the previous year. As a result, import price reached the peak level of $21,489 per ton, and then fell markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -1.0% per year.

Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Morocco (FOB) - 2022

The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $18,088 per ton in 2022, which is down by -6.2% against the previous year. Over the period under review, the export price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27% against the previous year. As a result, the export price attained the peak level of $19,281 per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($29,375 per ton), while the average price for exports to France ($16,500 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+39.2%).

Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Morocco

In 2022, overseas purchases of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -5.4% to 625 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,105%. As a result, imports attained the peak of 2.2 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat reduced remarkably to $2.9K in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,079%.

Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Morocco in 2022:

1. France (625.0 kg)

Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Morocco

For the third year in a row, Morocco recorded growth in shipments abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, which increased by 19% to 160 kg in 2022. Over the period under review, total exports indicated a significant increase from 2020 to 2022: its volume increased at an average annual rate of +36.4% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 57%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $2.9K in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Morocco in 2022:

1. Senegal (21.0 kg)
2. Liberia (20.0 kg)
3. Egypt (20.0 kg)
4. United Kingdom (12.0 kg)
5. France (10.0 kg)
6. Ghana (8.0 kg)
7. Spain (8.0 kg)
8. Gambia (6.0 kg)
9. Ireland (5.0 kg)

Source: IndexBox Market Intelligence Platform