Morocco: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Morocco

The Moroccan preparations for animal feeding market expanded significantly to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated temperate 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Preparations Used In Animal Feeding in Morocco

In value terms, preparations for animal feeding production rose significantly to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Exports of Preparations Used In Animal Feeding

Exports from Morocco

In 2022, the amount of preparations used in animal feeding exported from Morocco skyrocketed to X tons, with an increase of X% against 2021. Overall, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, preparations for animal feeding exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mauritania (X tons) was the main destination for preparations for animal feeding exports from Morocco, with a X% share of total exports. Moreover, preparations for animal feeding exports to Mauritania exceeded the volume sent to the second major destination, Mali (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Senegal (X% per year).

In value terms, Mauritania ($X) remains the key foreign market for preparations used in animal feeding exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mauritania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Senegal (X% per year).

Export Prices by Country

The average preparations for animal feeding export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price 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, preparations for animal feeding export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Preparations Used In Animal Feeding

Imports into Morocco

For the eleventh year in a row, Morocco recorded growth in purchases abroad of preparations used in animal feeding, which increased by X% to X tons in 2022. Overall, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, preparations for animal feeding imports surged to $X in 2022. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Spain (X tons), France (X tons) and Italy (X tons) were the main suppliers of preparations for animal feeding imports to Morocco, together accounting for X% of total imports. Portugal, the Netherlands, Turkey, Belgium, Ireland, Hungary, Germany, the United States and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preparations for animal feeding suppliers to Morocco were France ($X), Spain ($X) and Italy ($X), together accounting for X% of total imports. The Netherlands, Portugal, Germany, Belgium, Hungary, the United States, Turkey, China and Ireland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, saw a pronounced setback. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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