Morocco - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Morocco - 2022
Contents:
- Soups Price in Morocco (FOB) - 2022
- Soups Price in Morocco (CIF) - 2022
- Soups Exports in Morocco
- Soups Imports in Morocco
Soups Price in Morocco (FOB) - 2022
The average soups export price stood at $5,156 per ton in December 2022, dropping by -1.7% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average export price increased by 19% m-o-m. The export price peaked at $6,472 per ton in September 2022; however, from October 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In December 2022, the country with the highest price was Belgium ($5,595 per ton), while the average price for exports to Mauritania ($4,599 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.0%), while the prices for the other major destinations experienced a decline.
Soups Price in Morocco (CIF) - 2022
In 2022, the average soups import price amounted to $1,848 per ton, waning by -20.6% against the previous year. In general, the import price saw a abrupt decline. The growth pace was the most rapid in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $6,667 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($3,760 per ton), while the price for France ($1,371 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+32.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Soups Exports in Morocco
In 2022, shipments abroad of soups and broths decreased by -33.8% to 629 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year.
In value terms, soups exports fell dramatically to $3.3M in 2022. Overall, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 65%.
| Export of Soups in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 590 | 2,054 | 1,728 | 1,045 | 21.0% |
| France | 748 | 895 | 1,127 | 681 | -3.1% |
| Germany | 408 | 360 | 819 | 495 | 6.7% |
| Spain | 161 | 557 | 612 | 370 | 32.0% |
| Netherlands | 123 | 522 | 376 | 227 | 22.7% |
| Mauritania | 98.9 | 239 | 251 | 152 | 15.4% |
| United States | 500 | 30.6 | 30.6 | 112 | -39.3% |
| Canada | 93.6 | 81.7 | 162 | 97.7 | 1.4% |
| Others | 264 | 202 | 280 | 153 | -16.6% |
| Total | 2,987 | 4,941 | 5,385 | 3,333 | 3.7% |
Top Export Markets for Soups from Morocco in 2022:
- Belgium (168.8 tons)
- France (149.9 tons)
- Germany (95.5 tons)
- Spain (63.1 tons)
- Netherlands (37.9 tons)
- United States (36.0 tons)
- Mauritania (35.3 tons)
- Canada (17.8 tons)
Soups Imports in Morocco
In 2022, supplies from abroad of soups and broths decreased by -25% to 77 tons, falling for the second year in a row after two years of growth. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 81%. As a result, imports attained the peak of 139 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, soups imports declined sharply to $143K in 2022. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2020 when imports increased by 108%. As a result, imports attained the peak of $256K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Soups in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 102 | 171 | 129 | 89.0 | -4.4% |
| Spain | 1.3 | 34.5 | 44.4 | 30.0 | 184.7% |
| China | 8.3 | 4.3 | 5.6 | 4.0 | -21.6% |
| Senegal | N/A | 11.8 | 5.9 | N/A | -50.0% |
| Others | 11.9 | 33.9 | 54.9 | 19.9 | 18.7% |
| Total | 123 | 256 | 240 | 143 | 5.2% |
Top Suppliers of Soups to Morocco in 2022:
- France (64.9 tons)
- Spain (8.0 tons)
- China (2.4 tons)
This report provides an in-depth analysis of the soups market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10891100 - Soups and broths and preparations therefor
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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