Morocco: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Morocco

The Moroccan frozen skipjack tuna market surged to $X in 2020, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Frozen skipjack tuna consumption peaked in 2020 and is expected to retain growth in the immediate term.

Frozen Skipjack Tuna Exports

Exports from Morocco

In 2020, approx. X tons of frozen skipjack tuna were exported from Morocco; reducing by -X% compared with the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2019, and then fell remarkably in the following year.

In value terms, frozen skipjack tuna exports declined notably to $X in 2020. In general, exports, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2019, and then declined rapidly in the following year.

Exports by Country

Spain (X tons) was the main destination for frozen skipjack tuna exports from Morocco, with a X% share of total exports. Moreover, frozen skipjack tuna exports to Spain exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), threefold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Spain stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+X% per year) and Canada (X% per year).

In value terms, Spain ($X) remains the key foreign market for frozen skipjack tuna exports from Morocco, comprising X% of total exports. The second position in the ranking was occupied by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+X% per year) and Canada (X% per year).

Export Prices by Country

In 2020, the average frozen skipjack tuna export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Skipjack Tuna Imports

Imports into Morocco

In 2020, approx. X tons of frozen skipjack tuna were imported into Morocco; surging by X% on the previous year's figure. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the near future.

In value terms, frozen skipjack tuna imports surged to $X in 2020. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2019 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Spain (X tons) constituted the largest frozen skipjack tuna supplier to Morocco, accounting for a X% share of total imports. Moreover, frozen skipjack tuna imports from Spain exceeded the figures recorded by the second-largest supplier, Senegal (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (+X% per year) and Mauritius (X% per year).

In value terms, Spain ($X) constituted the largest supplier of frozen skipjack tuna to Morocco, comprising X% of total imports. The second position in the ranking was occupied by Senegal ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (+X% per year) and Mauritius (X% per year).

Import Prices by Country

In 2020, the average frozen skipjack tuna import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Mauritius ($X per ton), while the price for Senegal ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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