Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Morocco - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Morocco (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Morocco (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Morocco
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Morocco
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Morocco (CIF) - 2023
In June 2023, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $6,008 per ton, leveling off at the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 27% month-to-month. As a result, import price attained the peak level of $6,606 per ton. From November 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Vietnam ($6,067 per ton) and Nigeria ($5,820 per ton), while the price for Benin ($4,890 per ton) and Cote d'Ivoire ($5,456 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Nigeria (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Morocco (FOB) - 2022
In 2022, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $6,526 per ton, approximately reflecting the previous year. In general, the export price recorded a mild setback. The most prominent rate of growth was recorded in 2013 an increase of 74% against the previous year. Over the period under review, the average export prices attained the maximum at $14,000 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($11,296 per ton), while the average price for exports to Switzerland ($3,647 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 Cabo Verde (-5.1%).
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Morocco
For the fourth consecutive year, Morocco recorded growth in supplies from abroad of nuts, edible; cashew nuts, shelled, fresh or drieds, which increased by 22% to 3.1K tons in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 388%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds expanded remarkably to $18M in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 365% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.6 | 12.3 | 15.3 | 16.8 | 86.3% |
| Cote d'Ivoire | N/A | N/A | 0.3 | 1.5 | 400.0% |
| Others | 0.2 | 0.5 | 0.5 | 0.2 | 0.0% |
| Total | 2.8 | 12.9 | 16.2 | 18.4 | 87.3% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Morocco in 2022:
- Vietnam (2.9K tons)
- Cote d'Ivoire (0.3K tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Morocco
Exports of nuts, edible; cashew nuts, shelled, fresh or drieds from Morocco totaled 1.4 tons in 2022, approximately reflecting the previous year. In general, exports saw a sharp shrinkage. The smallest decline of 99.9% was in 2021.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $9.4K in 2022. Over the period under review, exports faced a dramatic curtailment. The smallest decline of 99.9% was in 2021.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Cabo Verde | 0.6 | N/A | 6.4 | 226.6% | |
| Switzerland | N/A | N/A | 2.0 | 0% | |
| Luxembourg | 0.1 | N/A | 0.9 | 200.0% | |
| Nigeria | 18.1 | N/A | N/A | 0% | |
| Others | N/A | N/A | 0.1 | 0% | |
| Total | 18.8 | N/A | 9.4 | -29.3% | |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Morocco in 2022:
- Cabo Verde (802.0 kg)
- Switzerland (538.0 kg)
- Luxembourg (81.0 kg)
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