Morocco: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Morocco

The Moroccan chocolate and confectionery market fell modestly to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X, and then shrank modestly in the following year.

Chocolate And Confectionery Production in Morocco

In value terms, chocolate and confectionery production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Chocolate And Confectionery Exports

Exports from Morocco

Chocolate and confectionery exports from Morocco soared to X tons in 2022, increasing by X% against the year before. Overall, exports, however, continue to indicate a deep reduction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate and confectionery exports surged to $X in 2022. In general, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mali (X tons), Guinea (X tons) and Congo (X tons) were the main destinations of chocolate and confectionery exports from Morocco, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Congo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate and confectionery exported from Morocco were Mali ($X), Tunisia ($X) and Libya ($X), with a combined X% share of total exports. Guinea, Congo, the Netherlands, Central African Republic, Mauritania, Cameroon, Senegal and Yemen lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Congo, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average chocolate and confectionery export price amounted to $X per ton, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

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

Chocolate And Confectionery Imports

Imports into Morocco

In 2022, after six years of growth, there was decline in supplies from abroad of chocolate and confectionery, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, chocolate and confectionery imports reduced to $X in 2022. In general, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of chocolate and confectionery to Morocco, accounting for a X% share of total imports. Moreover, chocolate and confectionery imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, Spain ($X) constituted the largest supplier of chocolate and confectionery to Morocco, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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