Price for Meat of Bovine Animals; Frozen in Morocco - 2022
Contents:
- Price for Meat of Bovine Animals; Frozen in Morocco (CIF) - 2022
- Price for Meat of Bovine Animals; Frozen in Morocco (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Morocco
- Exports of Meat of Bovine Animals; Frozen in Morocco
Price for Meat of Bovine Animals; Frozen in Morocco (CIF) - 2022
The average import price for meat of bovine animals; frozen stood at $7,459 per ton in December 2022, picking up by 6.8% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +3.7%. The pace of growth was the most pronounced in March 2022 an increase of 17% against the previous month. Over the period under review, average import prices attained the peak figure in December 2022.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was France ($9,255 per ton), while the price for Spain amounted to $7,237 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Morocco (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $8,046 per ton in 2022, declining by -46.1% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 55%. The export price peaked at $16,494 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Equatorial Guinea ($28,171 per ton), while the average price for exports to Spain amounted to $4,610 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+29.8%), while the prices for the other major destinations experienced a decline.
Imports of Meat of Bovine Animals; Frozen in Morocco
Meat of bovine animals; frozen imports into Morocco soared to 6.1K tons in 2022, increasing by 45% against the previous year. Overall, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 106% against the previous year.
In value terms, meat of bovine animals; frozen imports surged to $33M in 2022. In general, imports, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2021 when imports increased by 97% against the previous year.
| Import of Meat of Bovine Animals; Frozen in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 20.9 | 6.9 | 8.6 | 22.1 | 1.9% |
| Spain | 12.5 | 2.6 | 4.1 | 9.9 | -7.5% |
| Australia | 1.2 | 0.3 | 0.3 | 0.6 | -20.6% |
| Brazil | 0.7 | 0.2 | 0.2 | 0.2 | -34.1% |
| Russia | N/A | N/A | 2.7 | N/A | 0% |
| Others | 1.2 | 0.2 | 4.2 | 0.7 | -16.4% |
| Total | 36.5 | 10.2 | 20.1 | 33.4 | -2.9% |
Top Suppliers of Meat of Bovine Animals; Frozen to Morocco in 2022:
- Brazil (undefinedK tons)
- Argentina (4.5K tons)
- Spain (1.4K tons)
- Australia (0.1K tons)
Exports of Meat of Bovine Animals; Frozen in Morocco
In 2022, the amount of meat of bovine animals; frozen exported from Morocco surged to 33 tons, growing by 46,903% against the previous year's figure. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, meat of bovine animals; frozen exports surged to $269K in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Meat of Bovine Animals; Frozen in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Spain | 0.3 | 0.1 | 136 | 2029.2% | |
| Equatorial Guinea | 0.2 | 0.1 | 104 | 2180.4% | |
| Mauritania | N/A | N/A | 28.7 | 0% | |
| Others | N/A | 0.8 | N/A | 0% | |
| Total | 0.5 | 1.1 | 269 | 2219.5% | |
Top Export Markets for Meat of Bovine Animals; Frozen from Morocco in 2022:
- Spain (29.5 tons)
- Equatorial Guinea (3.7 tons)
- Mauritania (0.2 tons)
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