Morocco: Market for Dried Or Salted Fish 2022

Market Size for Dried Or Salted Fish in Morocco

In 2021, the Moroccan dried or salted fish market decreased by -X% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption showed a abrupt descent. Dried or salted fish consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Dried Or Salted Fish in Morocco

In value terms, dried or salted fish production totaled $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Dried or salted fish production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Dried Or Salted Fish

Exports from Morocco

In 2021, overseas shipments of dried or salted fish decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, dried or salted fish exports fell dramatically to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Italy (X tons) was the main destination for dried or salted fish exports from Morocco, accounting for a X% share of total exports. Moreover, dried or salted fish exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), fivefold. Tunisia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-X% per year) and Tunisia (+X% per year).

In value terms, Italy ($X) emerged as the key foreign market for dried or salted fish exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Tunisia (+X% per year).

Export Prices by Country

In 2020, the average dried or salted fish export price amounted to $X per ton, which is down by -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, 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 mixed trend patterns.

Imports of Dried Or Salted Fish

Imports into Morocco

In 2021, approx. X tons of dried or salted fish were imported into Morocco; which is down by -X% against the year before. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, dried or salted fish imports fell sharply to $X in 2021. Over the period under review, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Spain (X tons) constituted the largest dried or salted fish supplier to Morocco, accounting for a X% share of total imports. Moreover, dried or salted fish imports from Spain exceeded the figures recorded by the second-largest supplier, Peru (X tons), ninefold. Argentina (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2020, 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: Peru (+X% per year) and Argentina (-X% per year).

In value terms, Spain ($X) constituted the largest supplier of dried or salted fish to Morocco, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with an X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2020, the average annual growth rate of value from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-X% per year) and Peru (-X% per year).

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Spain (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform