Price for Herbs; Thyme, Bay Leaves in Morocco - 2022
Contents:
- Price for Herbs; Thyme, Bay Leaves in Morocco (FOB) - 2022
- Price for Herbs; Thyme, Bay Leaves in Morocco (CIF) - 2022
- Exports of Herbs; Thyme, Bay Leaves in Morocco
- Imports of Herbs; Thyme, Bay Leaves in Morocco
Price for Herbs; Thyme, Bay Leaves in Morocco (FOB) - 2022
In 2022, the average herbs; thyme, bay leaves export price amounted to $5,222 per ton, growing by 6.8% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, herbs; thyme, bay leaves export price increased by +129.5% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($12,849 per ton), while the average price for exports to Togo ($645 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 the UK (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Herbs; Thyme, Bay Leaves in Morocco (CIF) - 2022
The average herbs; thyme, bay leaves import price stood at $3,830 per ton in 2022, with an increase of 6.5% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, herbs; thyme, bay leaves import price increased by +143.2% against 2013 indices. The growth pace was the most rapid in 2014 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($19,437 per ton), while the price for Syrian Arab Republic ($2,092 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Herbs; Thyme, Bay Leaves in Morocco
In 2022, exports of herbs from Morocco rose markedly to 5.7K tons, growing by 11% compared with 2021. The total export volume increased at an average annual rate of +10.6% 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 when exports increased by 11%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, herbs; thyme, bay leaves exports skyrocketed to $30M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.1% 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 +64.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Herbs; Thyme, Bay Leaves in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.6 | 6.9 | 8.5 | 10.4 | 22.9% |
| Nigeria | 4.6 | 5.2 | 5.9 | 6.7 | 13.4% |
| Turkey | 2.1 | 2.5 | 2.9 | 3.3 | 16.3% |
| China | 0.7 | 0.9 | 1.2 | 1.5 | 28.9% |
| United Kingdom | 0.9 | 1.0 | 1.2 | 1.4 | 15.9% |
| Canada | 0.6 | 0.8 | 1.0 | 1.3 | 29.4% |
| Australia | 0.7 | 0.8 | 1.0 | 1.1 | 16.3% |
| Brazil | 0.4 | 0.5 | 0.7 | 0.9 | 31.0% |
| Spain | 0.5 | 0.5 | 0.6 | 0.7 | 11.9% |
| Japan | 0.5 | 0.5 | 0.6 | 0.6 | 6.3% |
| Italy | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Senegal | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Togo | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.8 | 0.9 | 1.0 | 1.2 | 14.5% |
| Total | 18.0 | 21.2 | 25.0 | 29.6 | 18.0% |
Top Export Markets for Herbs; Thyme, Bay Leaves from Morocco in 2022:
- United States (1595.4 tons)
- Nigeria (1227.3 tons)
- Turkey (780.1 tons)
- Italy (284.5 tons)
- Canada (279.6 tons)
- China (277.8 tons)
- Brazil (221.1 tons)
- Spain (194.8 tons)
- Australia (138.8 tons)
- Japan (125.1 tons)
- Togo (121.0 tons)
- Senegal (107.5 tons)
- United Kingdom (105.8 tons)
Imports of Herbs; Thyme, Bay Leaves in Morocco
For the third consecutive year, Morocco recorded decline in purchases abroad of herbs, which decreased by -6.2% to 16 tons in 2022. Overall, imports continue to indicate a deep downturn. The smallest decline of -6.2% was in 2021.
In value terms, herbs; thyme, bay leaves imports fell modestly to $63K in 2022. In general, imports saw a relatively flat trend pattern. The smallest decline of -0.1% was in 2021.
| Import of Herbs; Thyme, Bay Leaves in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | 31.5 | 29.4 | 27.3 | 25.1 | -7.3% |
| Turkey | 14.6 | 14.2 | 13.7 | 13.2 | -3.3% |
| Lebanon | 7.6 | 9.0 | 10.6 | 12.3 | 17.4% |
| France | 4.7 | 5.3 | 6.0 | 6.7 | 12.5% |
| Others | 4.5 | 4.8 | 5.1 | 5.4 | 6.3% |
| Total | 62.8 | 62.8 | 62.7 | 62.7 | -0.1% |
Top Suppliers of Herbs; Thyme, Bay Leaves to Morocco in 2022:
- Syrian Arab Republic (12.0 tons)
- Lebanon (3.1 tons)
- Turkey (0.7 tons)
- France (0.5 tons)
623
This report provides an in-depth analysis of the ginger market in Morocco.
103
This report provides an in-depth analysis of the market for spices except pepper or ginger in Morocco.
419
This report provides an in-depth analysis of the market for dog and cat food in Morocco.
452
This report provides an in-depth analysis of the apricot market in Morocco.
641
This report provides an in-depth analysis of the virgin olive oil market in Morocco.
477
This report provides an in-depth analysis of the paint and varnish market in Morocco.
277
This report provides an in-depth analysis of the olive oil market in Morocco.
238
This report provides an in-depth analysis of the encased lead pencil market in Morocco.
299
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Morocco.
294
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Morocco.
907
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1022
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
783
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7504
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8586
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1381
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7887
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
11865
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1621
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3387
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
