Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Morocco - 2023

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Morocco (CIF) - 2023
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Morocco (FOB) - 2023
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Morocco
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Morocco

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Morocco (CIF) - 2023

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $2,030 per ton in June 2023, picking up by 13% against the previous month. Overall, import price indicated a notable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -3.6% against April 2023 indices. The pace of growth was the most pronounced in July 2022 an increase of 71% month-to-month. The import price peaked at $2,106 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Egypt ($2,162 per ton), while the price for India ($1,234 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 China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Morocco (FOB) - 2023

The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $3,896 per ton in June 2023, rising by 6.1% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 24% against the previous month. Over the period under review, the average export prices reached the maximum in June 2023.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was France ($3,906 per ton), while the average price for exports to Belgium ($2,572 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Morocco

In 2022, after three years of growth, there was significant decline in overseas purchases of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, when their volume decreased by -10.6% to 11K tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid contracted to $15M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Morocco in 2022:

1. Egypt (7.4K tons)
2. Spain (2.4K tons)
3. Italy (0.4K tons)
4. China (0.1K tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Morocco

In 2022, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid from Morocco reached 3.9K tons, picking up by 14% against the previous year's figure. The total export volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 31%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid totaled $13M in 2022. Over the period under review, total exports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +4.2% 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 +54.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Morocco in 2022:

1. France (2875.2 tons)
2. United Kingdom (552.4 tons)
3. Spain (216.6 tons)
4. Belgium (153.7 tons)
5. Saudi Arabia (79.2 tons)
6. Guinea (19.9 tons)

Source: IndexBox Market Intelligence Platform