Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Morocco - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Morocco (CIF) - 2023
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Morocco (FOB) - 2022
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Morocco
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Morocco

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Morocco (CIF) - 2023

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,772 per ton in June 2023, surging by 3.1% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 16% month-to-month. As a result, import price attained the peak level of $2,124 per ton. From February 2023 to June 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Malaysia ($3,615 per ton), while the price for Indonesia ($1,413 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Morocco (FOB) - 2022

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,021 per ton, shrinking by -9.6% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. The export price peaked at $1,615 per ton in 2012; however, from 2013 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 Libya.

From 2012 to 2022, the rate of growth in terms of prices for Libya amounted to -4.6% per year.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Morocco

In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats imported into Morocco soared to 23K tons, jumping by 46% against 2021 figures. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $45M in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Morocco in 2022:

1. United Arab Emirates (7.7K tons)
2. Indonesia (4.0K tons)
3. Malaysia (3.4K tons)
4. Sweden (3.4K tons)
5. Spain (1.7K tons)
6. Hungary (0.8K tons)
7. Ukraine (0.4K tons)
8. Brazil (0.1K tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Morocco

After two years of decline, shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats increased by 362% to 1.9K tons in 2022. Overall, exports, however, recorded a abrupt slump.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats surged to $2M in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Morocco in 2022:

1. Libya (1922.8 tons)

Source: IndexBox Market Intelligence Platform