Morocco: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Morocco

The Moroccan preserved cows meat market declined to $X in 2022, falling by X% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion 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 increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Preserved Cows Meat Production in Morocco

In value terms, preserved cows meat production dropped slightly to $X in 2022 estimated in export price. In general, the total production indicated a noticeable 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 increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Preserved Cows Meat Exports

Exports from Morocco

For the third year in a row, Morocco recorded decline in overseas shipments of prepared or preserved meat or offal of bovine animals, which decreased by X% to X tons in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved cows meat exports dropped significantly to $X in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritania (X tons) was the main destination for preserved cows meat exports from Morocco, with a X% share of total exports. Moreover, preserved cows meat exports to Mauritania exceeded the volume sent to the second major destination, Senegal (X kg), threefold. Bahrain (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, Bahrain ($X), Mauritania ($X) and Senegal ($X) constituted the largest markets for preserved cows meat exported from Morocco worldwide, with a combined X% share of total exports.

Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

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

Preserved Cows Meat Imports

Imports into Morocco

In 2022, approx. X tons of prepared or preserved meat or offal of bovine animals were imported into Morocco; picking up by X% on the previous year. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, preserved cows meat imports surged to $X in 2022. Overall, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ireland (X tons) constituted the largest supplier of preserved cows meat to Morocco, with a X% share of total imports. Moreover, preserved cows meat imports from Ireland exceeded the figures recorded by the second-largest supplier, France (X tons), tenfold. The third position in this ranking was taken by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Brazil (X% per year).

In value terms, Ireland ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to Morocco, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ireland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and France (X% per year).

Import Prices by Country

The average preserved cows meat import price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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