Morocco: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in Morocco

The Moroccan market for fresh bread and miscellaneous bakery expanded significantly to $X in 2023, rising by X% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Fresh Bread and Miscellaneous Bakery in Morocco

In value terms, fresh bread and miscellaneous bakery production stood at $X in 2023 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

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Exports of Fresh Bread and Miscellaneous Bakery

Exports from Morocco

In 2023, the amount of fresh bread and miscellaneous bakery exported from Morocco skyrocketed to X tons, jumping by X% on the previous year. Overall, exports recorded resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in the near future.

In value terms, fresh bread and miscellaneous bakery exports soared to $X in 2023. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

Mauritania (X tons), Spain (X tons) and France (X tons) were the main destinations of fresh bread and miscellaneous bakery exports from Morocco, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Mauritania ($X) and Spain ($X) constituted the largest markets for fresh bread and miscellaneous bakery exported from Morocco worldwide, together comprising X% of total exports.

Among the main countries of destination, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for fresh bread and miscellaneous bakery stood at $X per ton in 2023, growing by X% against the previous year. In general, export price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fresh bread and miscellaneous bakery export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Bread and Miscellaneous Bakery

Imports into Morocco

After eleven years of growth, purchases abroad of fresh bread and miscellaneous bakery decreased by X% to X tons in 2023. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2022, and then shrank slightly in the following year.

In value terms, fresh bread and miscellaneous bakery imports surged to $X in 2023. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked in 2023 and are likely to see gradual growth in the near future.

Imports by Country

In 2023, Spain (X tons) constituted the largest fresh bread and miscellaneous bakery supplier to Morocco, with a X% share of total imports. Moreover, fresh bread and miscellaneous bakery imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), eightfold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Poland (X% per year).

In value terms, Spain ($X) constituted the largest supplier of fresh bread and miscellaneous bakery to Morocco, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the average import price for fresh bread and miscellaneous bakery amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a pronounced contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform