Morocco: Carob Market 2024

Carob Market Size in Morocco

In 2022, the Moroccan carob market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption posted a significant increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Carob Production in Morocco

In value terms, carob production expanded sharply to $X in 2022 estimated in export price. In general, production, however, saw significant growth. The growth pace was the most rapid in 2015 when the production volume increased by X%. Carob production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of carob in Morocco was estimated at X tons per ha, remaining constant against 2021 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average carob 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 carob harvested area in Morocco dropped modestly to X ha in 2022, almost unchanged from 2021. In general, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The carob harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Carob Exports

Exports from Morocco

In 2022, approx. X tons of carob were exported from Morocco; declining by X% on 2021 figures. Overall, exports saw a drastic downturn. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, carob exports declined markedly to $X in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Spain (X tons) was the main destination for carob exports from Morocco, accounting for a X% share of total exports. Moreover, carob exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was taken by Switzerland (X tons), with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Switzerland (X% per year).

In value terms, the largest markets for carob exported from Morocco were Spain ($X), Italy ($X) and Switzerland ($X), together accounting for X% of total exports.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 carob export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price posted significant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carob Imports

Imports into Morocco

For the third consecutive year, Morocco recorded growth in supplies from abroad of carob, which increased by X% to X tons in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, carob imports surged to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Algeria (X tons), Libya (X tons) and Lebanon (X tons) were the main suppliers of carob imports to Morocco, with a combined X% share of total imports. Jordan, Spain, Cyprus and Tunisia lagged somewhat behind, together accounting for a further X%.

From 2015 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Jordan (with a CAGR of X.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lebanon ($X), Cyprus ($X) and Spain ($X) constituted the largest carob suppliers to Morocco, together comprising X% of total imports. Libya, Algeria, Jordan and Tunisia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Jordan, with a CAGR of X.1%, 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 more modest paces of growth.

Import Prices by Country

The average carob import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price showed a pronounced expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cyprus ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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