Morocco: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Morocco

The Moroccan frozen cuttlefishes market declined to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, enjoyed a buoyant increase. Frozen cuttlefishes consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Frozen Cuttlefishes Production in Morocco

In value terms, frozen cuttlefishes production declined to $X in 2022 estimated in export price. In general, the total production indicated tangible growth 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 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Frozen Cuttlefishes Exports

Exports from Morocco

After three years of growth, overseas shipments of frozen cuttlefishes decreased by X% to X tons in 2022. In general, exports saw a sharp slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen cuttlefishes exports surged to $X in 2022. Overall, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for frozen cuttlefishes exports from Morocco, accounting for a X% share of total exports. Moreover, frozen cuttlefishes exports to Spain exceeded the volume sent to the second major destination, Portugal (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Italy (X% per year).

In value terms, Spain ($X) remains the key foreign market for frozen cuttlefishes exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Portugal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Italy (X% per year).

Export Prices by Country

The average frozen cuttlefishes export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Italy ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports into Morocco

In 2022, frozen cuttlefishes imports into Morocco declined notably to X tons, waning by X% on the year before. Over the period under review, imports faced a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, frozen cuttlefishes imports shrank dramatically to $X in 2022. In general, imports saw a precipitous shrinkage. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of frozen cuttlefishes to Morocco, with a X% share of total imports. It was followed by China (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of frozen cuttlefishes to Morocco, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at X%.

Import Prices by Country

The average frozen cuttlefishes import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 China ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

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

Source: IndexBox Platform

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