
Morocco - Shelled Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights
Morocco: Shelled Hazelnut Market 2022
Shelled Hazelnut Market Size in Morocco
For the fifth year in a row, the Moroccan shelled hazelnut market recorded growth in sales value, which increased by 134% to $X in 2021. Over the period under review, consumption showed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Shelled Hazelnut Exports
Exports from Morocco
In 2021, overseas shipments of shelled hazelnuts increased by 83% to X kg, rising for the second consecutive year after two years of decline. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 512%. The exports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, shelled hazelnut exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 434% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.
Exports by Country
Niger (X kg) was the main destination for shelled hazelnut exports from Morocco, accounting for a approx. 100% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to Niger was relatively modest.
In value terms, Niger ($X) emerged as the key foreign market for shelled hazelnut exports from Morocco.
From 2012 to 2021, the average annual rate of growth in terms of value to Niger was relatively modest.
Export Prices by Country
In 2021, the average shelled hazelnut export price amounted to $X per ton, stabilizing at the previous year. In general, the export price showed a deep setback. The pace of growth appeared the most rapid in 2016 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2021, the rate of growth in terms of prices for Cote d'Ivoire amounted to -0.8% per year.
Shelled Hazelnut Imports
Imports into Morocco
In 2021, supplies from abroad of shelled hazelnuts increased by 98% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 117% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.
In value terms, shelled hazelnut imports surged to $X in 2021. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, Turkey (X tons) constituted the largest supplier of shelled hazelnut to Morocco, with a 81% share of total imports. Moreover, shelled hazelnut imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Spain (X tons), with a 6.8% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +55.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.0% per year) and Spain (+32.5% per year).
In value terms, Turkey ($X) constituted the largest supplier of shelled hazelnut to Morocco, comprising 83% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.2% share of total imports. It was followed by Spain, with a 6.3% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +58.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.7% per year) and Spain (+30.5% per year).
Import Prices by Country
The average shelled hazelnut import price stood at $X per ton in 2021, rising by 24% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Turkey ($X per ton) and Italy ($X per ton), while the price for Bulgaria ($X per ton) and Spain ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the shelled hazelnut market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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