Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Morocco - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Morocco (FOB) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Morocco (CIF) - 2022
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Morocco
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Morocco
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Morocco (FOB) - 2022
In 2022, the average export price for fresh or chilled boneless cuts of bovine meat amounted to $9,076 per ton, reducing by -54.3% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 37%. Over the period under review, the average export prices hit record highs at $20,690 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2015 to 2022, the rate of growth in terms of prices for Oman amounted to +50.3% per year.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Morocco (CIF) - 2022
The average import price for fresh or chilled boneless cuts of bovine meat stood at $14,333 per ton in 2022, reducing by -25.2% against the previous year. Overall, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 122% against the previous year. The import price peaked at $37,070 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +23.3% per year.
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Morocco
Exports of fresh or chilled boneless cuts of bovine meat from Morocco soared to 720 kg in 2022, picking up by 3,030% compared with 2021 figures. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fresh or chilled boneless cuts of bovine meat surged to $6.5K in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 6.5 | 0% |
| Denmark | 1.2 | N/A | N/A | N/A | 0% |
| Oman | N/A | 1.6 | 0.5 | N/A | -68.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 1.7 | 0.5 | 6.5 | 75.6% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Morocco in 2022:
- Spain (720.0 kg)
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Morocco
In 2022, the amount of fresh or chilled boneless cuts of bovine meat imported into Morocco contracted notably to 48 kg, waning by -99.4% against the year before. In general, imports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 51%. As a result, imports attained the peak of 7.6 tons, and then fell sharply in the following year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat dropped notably to $688 in 2022. Over the period under review, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 32%. As a result, imports reached the peak of $152K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 0.7 | 0% |
| Spain | 12.3 | 11.5 | 14.0 | N/A | 6.7% |
| United States | N/A | N/A | 37.3 | N/A | 0% |
| France | 49.1 | 68.1 | 11.9 | N/A | -50.8% |
| United Arab Emirates | 1.7 | 4.8 | 17.6 | N/A | 221.8% |
| Others | 52.1 | 68.1 | 64.8 | N/A | 11.5% |
| Total | 115 | 152 | 146 | 0.7 | -81.7% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Morocco in 2022:
- Germany (48.0 kg)
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