Morocco: Butter And Ghee Market 2024

Butter And Ghee Market Size in Morocco

In 2022, the Moroccan butter and ghee market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, continues to indicate a mild curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Butter And Ghee Production in Morocco

In value terms, butter and ghee production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2022: its value 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. Based on 2022 figures, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Butter And Ghee Exports

Exports from Morocco

In 2022, butter and ghee exports from Morocco reduced to X tons, with a decrease of X% against 2021. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, butter and ghee exports surged to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Mauritania (X kg), the United Arab Emirates (X kg) and France (X kg) were the main destinations of butter and ghee exports from Morocco, together accounting for X% of total exports. Russia, Spain and Senegal lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for butter and ghee exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average butter and ghee export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price posted a strong increase. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Mauritania ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Morocco

In 2022, approx. X tons of butter and ghee were imported into Morocco; increasing by X% compared with the previous year's figure. Overall, imports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, butter and ghee imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), New Zealand (X tons) and Turkey (X tons) were the main suppliers of butter and ghee imports to Morocco, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), India ($X) and Turkey ($X) were the largest butter and ghee suppliers to Morocco, together comprising X% of total imports.

Among the main suppliers, Turkey, with a CAGR of X.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average butter and ghee import price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :