Price for Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco - 2022
Contents:
- Price for Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (FOB) - 2022
- Price for Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (CIF) - 2022
- Exports of Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco
- Imports of Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco
Price for Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (FOB) - 2022
The average export price for vegetables stood at $3,158 per ton in 2022, with an increase of 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The pace of growth was the most pronounced in 2014 when the average export price increased by 6.5% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($5,613 per ton), while the average price for exports to the Dominican Republic ($521 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 Switzerland (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (CIF) - 2022
In 2022, the average import price for vegetables amounted to $662 per ton, dropping by -14.5% against the previous year. In general, the import price faced a abrupt setback. The pace of growth was the most pronounced in 2014 an increase of 20%. As a result, import price attained the peak level of $2,314 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Syrian Arab Republic.
From 2012 to 2022, the rate of growth in terms of prices for Syrian Arab Republic amounted to -11.1% per year.
Exports of Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco
Exports of vegetables from Morocco rose remarkably to 32K tons in 2022, growing by 7.5% against the year before. The total export volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of vegetables expanded remarkably to $103M in 2022. The total export value increased at an average annual rate of +11.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 29.8 | 33.5 | 37.6 | 42.1 | 12.2% |
| Italy | 21.2 | 23.3 | 25.5 | 28.0 | 9.7% |
| Venezuela | 7.0 | 8.2 | 9.7 | 11.3 | 17.3% |
| United States | 3.8 | 4.0 | 4.2 | 4.5 | 5.8% |
| Switzerland | 2.1 | 2.5 | 2.9 | 3.4 | 17.4% |
| Brazil | 2.0 | 2.1 | 2.3 | 2.4 | 6.3% |
| Mexico | 0.7 | 0.8 | 0.9 | 1.0 | 12.6% |
| Dominican Republic | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| Others | 7.4 | 8.1 | 8.7 | 9.5 | 8.7% |
| Total | 74.5 | 82.9 | 92.2 | 103 | 11.4% |
Top Export Markets for Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Morocco in 2022:
- Spain (12.1K tons)
- Italy (6.9K tons)
- Venezuela (5.1K tons)
- United States (2.8K tons)
- Brazil (1.1K tons)
- Dominican Republic (0.9K tons)
- Mexico (0.6K tons)
- Switzerland (0.6K tons)
Imports of Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco
In 2022, approx. 9.4K tons of vegetables were imported into Morocco; rising by 20% compared with 2021 figures. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetables expanded modestly to $6.2M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 2.6%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | 5.7 | 5.9 | 6.0 | 6.2 | 2.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.7 | 5.9 | 6.0 | 6.2 | 2.8% |
Top Suppliers of Vegetables; Capers, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Morocco in 2022:
- Syrian Arab Republic (9.4K tons)
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