Morocco: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Morocco

After six years of growth, the Moroccan waffle and wafer market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a significant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Waffle And Wafer Exports

Exports from Morocco

Waffle and wafer exports from Morocco declined markedly to X tons in 2022, which is down by X% against 2021 figures. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, waffle and wafer exports shrank remarkably to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Mauritania (X tons) was the main destination for waffle and wafer exports from Morocco, accounting for a X% share of total exports. Moreover, waffle and wafer exports to Mauritania exceeded the volume sent to the second major destination, Jordan (X tons), sixfold. The third position in this ranking was taken by Guinea (X tons), with a X% share.

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

In value terms, Mauritania ($X) remains the key foreign market for waffles and wafers exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Jordan ($X), with an X% share of total exports. It was followed by Guinea, with a X% share.

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

Export Prices by Country

In 2022, the average waffle and wafer export price amounted to $X per ton, surging by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Jordan ($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 Canada (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Waffle And Wafer Imports

Imports into Morocco

In 2022, imports of waffles and wafers into Morocco contracted dramatically to X tons, which is down by X% on the previous year's figure. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, waffle and wafer imports dropped significantly to $X in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest waffle and wafer supplier to Morocco, with a X% share of total imports. Moreover, waffle and wafer imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United Arab Emirates (X% per year).

In value terms, Spain ($X) constituted the largest supplier of waffles and wafers to Morocco, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Italy (X% per year).

Import Prices by Country

The average waffle and wafer import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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