Morocco: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Morocco

In 2022, the Moroccan market for fish fillets and other fish meat was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption faced a drastic downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Fish Fillets and Other Fish Meat in Morocco

In value terms, production of fish fillets and other fish meat totaled $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 12% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Fish Fillets and Other Fish Meat

Exports from Morocco

Exports of fish fillets and other fish meat from Morocco skyrocketed to X tons in 2022, picking up by 29% on 2021 figures. Overall, exports saw strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 208%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of fish fillets and other fish meat skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 193%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Spain (X tons) was the main destination for exports of fish fillets and other fish meat from Morocco, accounting for a 50% share of total exports. Moreover, exports of fish fillets and other fish meat to Spain exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+29.3% per year) and the Netherlands (+11.6% per year).

In value terms, Spain ($X) remains the key foreign market for fish fillets and other fish meat exports from Morocco, comprising 56% of total exports. The second position in the ranking was held by Sweden ($X), with a 15% share of total exports. It was followed by France, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and France (+28.3% per year).

Export Prices by Country

In 2022, the average export price for fish fillets and other fish meat amounted to $X per ton, with an increase of 24% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Portugal ($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 (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Fish Fillets and Other Fish Meat

Imports into Morocco

In 2022, overseas purchases of fish fillets and other fish meat were finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a deep setback. The pace of growth was the most pronounced in 2013 with an increase of 74%. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fish fillets and other fish meat skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of fish fillets and other fish meat to Morocco, with a 79% share of total imports. Moreover, imports of fish fillets and other fish meat from Vietnam exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-9.3% per year) and the United Arab Emirates (+8.8% per year).

In value terms, Vietnam ($X) constituted the largest supplier of fish fillets and other fish meat to Morocco, comprising 68% of total imports. The second position in the ranking was taken by Norway ($X), with an 11% share of total imports. It was followed by Spain, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+26.6% per year) and Spain (-14.4% per year).

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, increasing by 18% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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