Morocco: Wheat Market 2024

Wheat Market Size in Morocco

For the third consecutive year, the Moroccan wheat market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a strong 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Wheat Production in Morocco

In value terms, wheat production fell significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded slight growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of wheat in Morocco contracted dramatically to X tons per ha in 2022, waning by X% against the previous year's figure. In general, the yield, however, recorded a measured increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the yield reached the peak level of X tons per ha, and then declined significantly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of wheat production in Morocco shrank slightly to X ha, approximately mirroring the previous year. In general, the harvested area continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the wheat harvested area remained at a lower figure.

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Wheat Exports

Exports from Morocco

In 2022, exports of wheat from Morocco dropped remarkably to X tons, with a decrease of X% against 2021 figures. In general, exports showed a significant decrease. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat exports reduced modestly to $X in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritania (X tons) was the main destination for wheat exports from Morocco, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania amounted to X%.

From 2012 to 2022, the average annual rate of growth in terms of value to Mauritania totaled X%.

Export Prices by Country

In 2022, the average wheat export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price continues to indicate notable growth. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Mauritania.

From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to X% per year.

Wheat Imports

Imports into Morocco

In 2022, imports of wheat into Morocco surged to X tons, jumping by X% compared with the year before. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume 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, imports decreased by X% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wheat imports surged to $X in 2022. In general, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest wheat supplier to Morocco, with a X% share of total imports. Moreover, wheat imports from France exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold. The third position in this ranking was taken by Canada (X tons), with a X% share.

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

In value terms, France ($X) constituted the largest supplier of wheat to Morocco, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the average wheat import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated measured growth 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, wheat import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Canada ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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