Morocco: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Morocco

The Moroccan beet-pulp and bagasse market contracted to $X in 2022, declining by -4.1% against the previous year. Overall, consumption recorded a pronounced contraction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Beet-Pulp And Bagasse Production in Morocco

In value terms, beet-pulp and bagasse production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +10.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 72% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports from Morocco

In 2022, after three years of decline, there was significant growth in overseas shipments of beet-pulp and bagasse, when their volume increased by 88% to X tons. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 142% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, beet-pulp and bagasse exports surged to $X in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 157%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) and France (X tons) were the main destinations of beet-pulp and bagasse exports from Morocco.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +24.6%).

In value terms, France ($X) and Ireland ($X) were the largest markets for beet-pulp and bagasse exported from Morocco worldwide.

France, with a CAGR of +21.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average beet-pulp and bagasse export price stood at $X per ton in 2022, waning by -20.9% against the previous year. Overall, the export price saw a deep setback. The growth pace was the most rapid in 2020 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Ireland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-2.8%).

Beet-Pulp And Bagasse Imports

Imports into Morocco

In 2022, purchases abroad of beet-pulp and bagasse increased by 1.6% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when imports increased by 74%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, beet-pulp and bagasse imports reached $X in 2022. In general, imports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of 93% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) was the main beet-pulp and bagasse supplier to Morocco, accounting for a 90% share of total imports. Moreover, beet-pulp and bagasse imports from Russia exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Latvia (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.7% per year) and Latvia (0.0% per year).

In value terms, Russia ($X) constituted the largest supplier of beet-pulp and bagasse to Morocco, comprising 89% of total imports. The second position in the ranking was held by the United States ($X), with a 5.1% share of total imports. It was followed by Latvia, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.1% per year) and Latvia (0.0% per year).

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2022, increasing by 7.6% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beet-pulp and bagasse import price increased by +42.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Latvia ($X per ton) and France ($X per ton), while the price for the United States ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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