Morocco: Apricot Market 2024

Apricot Market Size in Morocco

The Moroccan apricot market rose markedly to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Apricot Production in Morocco

In value terms, apricot production surged to $X in 2022 estimated in export price. Overall, production, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average apricot yield in Morocco declined to X tons per ha, waning by X% against 2021. In general, the yield saw a slight decrease. The pace of growth was the most pronounced in 2017 when the yield increased by X%. Over the period under review, the average apricot yield attained the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The apricot harvested area in Morocco reduced to X ha in 2022, standing approx. at the previous year. Overall, the harvested area showed a mild reduction. The growth pace was the most rapid in 2016 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2017 to 2022, the growth of the apricot harvested area failed to regain momentum.

Apricot Exports

Exports from Morocco

In 2022, approx. X tons of apricots were exported from Morocco; surging by X% compared with the previous year's figure. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, apricot exports skyrocketed to $X in 2022. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal (X tons), the Netherlands (X tons) and Burkina Faso (X tons) were the main destinations of apricot exports from Morocco, with a combined X% share of total exports. Saudi Arabia, Mali, Qatar and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Qatar ($X) and the United Arab Emirates ($X) constituted the largest markets for apricot exported from Morocco worldwide, together comprising X% of total exports. Senegal, Saudi Arabia, Burkina Faso and Mali lagged somewhat behind, together accounting for a further X%.

Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average apricot export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Senegal ($X 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 Mali (X%), while the prices for the other major destinations experienced more modest paces of growth.

Apricot Imports

Imports into Morocco

In 2022, approx. X tons of apricots were imported into Morocco; rising by X% compared with the previous year's figure. In general, imports, however, continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, apricot imports rose notably to $X in 2022. Over the period under review, imports showed slight growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Greece (X tons) and South Africa (X tons) were the main suppliers of apricot imports to Morocco, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Spain ($X), Greece ($X) and South Africa ($X) were the largest apricot suppliers to Morocco, together comprising X% of total imports.

Among the main suppliers, Greece, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average apricot import price amounted to $X per ton, with a decrease of X% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Chile ($X per ton) and South Africa ($X per ton), while the price for Spain ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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