Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Morocco - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Morocco (FOB) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Morocco (CIF) - 2022
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Morocco
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Morocco
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Morocco (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,490 per ton in 2022, rising by 36% against the previous year. Over the period under review, export price indicated a prominent expansion from 2015 to 2022: its price increased at an average annual rate of +10.2% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +60.1% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($4,918 per ton), while the average price for exports to Algeria stood at $3,457 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+10.5%).
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Morocco (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,095 per ton in 2022, falling by -10.1% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 115% against the previous year. As a result, import price attained the peak level of $5,869 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
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 China ($11,525 per ton), while the price for Tunisia ($1,130 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Morocco
After three years of growth, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -46% to 1.3K tons in 2022. In general, exports saw a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 35%.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground contracted rapidly to $4.7M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports attained the peak of $6.4M, and then fell dramatically in the following year.
Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Algeria | 3.5 | 4.4 | 6.1 | 4.5 | 8.7% |
Belgium | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
Others | N/A | N/A | 0.1 | N/A | 0% |
Total | 3.6 | 4.6 | 6.4 | 4.7 | 9.3% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Morocco in 2022:
- Algeria (1308.1 tons)
- Belgium (29.6 tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Morocco
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground imported into Morocco skyrocketed to 580 tons, surging by 215% on the previous year's figure. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 586% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground surged to $1.8M in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 344% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 86.2 | 62.4 | 208 | 1,525 | 160.6% |
Algeria | N/A | N/A | 275 | 101 | -63.3% |
France | 27.9 | 11.6 | 7.3 | 65.0 | 32.6% |
Tunisia | 4.1 | N/A | N/A | 28.2 | 90.2% |
Malta | N/A | N/A | 54.5 | N/A | 0% |
Others | 40.2 | 68.7 | 89.3 | 74.0 | 22.6% |
Total | 158 | 143 | 634 | 1,794 | 124.8% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Morocco in 2022:
- Spain (499.3 tons)
- Algeria (38.0 tons)
- Tunisia (25.0 tons)
- France (10.1 tons)
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