Morocco: Canned Food Market 2024

Canned Food Market Size in Morocco

In 2021, the Moroccan canned food market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.7% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Canned Food Production in Morocco

In value terms, canned food production rose significantly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.4% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Canned Food Exports

Exports from Morocco

In 2021, the amount of canned food exported from Morocco soared to X tons, increasing by 31% on 2020 figures. The total export volume increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, canned food exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 19% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for canned food exports from Morocco, accounting for a 50% share of total exports. Moreover, canned food exports to France exceeded the volume sent to the second major destination, the United States (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to France amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.8% per year) and Belgium (+2.6% per year).

In value terms, France ($X), the United States ($X) and Belgium ($X) were the largest markets for canned food exported from Morocco worldwide, together comprising 76% of total exports. These countries were followed by Italy, Spain, the UK and Germany, which together accounted for a further 17%.

Spain, with a CAGR of +10.7%, saw the highest growth rate of the value of exports, in terms of 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 canned food export price stood at $X per ton in 2020, waning by -2.6% against the previous year. In general, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 8.6% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Canned Food Imports

Imports into Morocco

In 2021, purchases abroad of canned food increased by less than 0.1% to X tons, rising for the sixth consecutive year after three years of decline. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.3% against 2015 indices. The growth pace was the most rapid in 2017 when imports increased by 19%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, canned food imports amounted to $X in 2021. In general, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.2% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 25% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2020, Vietnam (X tons) was the main canned food supplier to Morocco, with a approx. 241% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from Vietnam stood at +120.7%.

In value terms, Vietnam ($X) constituted the largest supplier of canned food to Morocco.

From 2012 to 2020, the average annual growth rate of value from Vietnam stood at +127.8%.

Import Prices by Country

The average canned food import price stood at $X per ton in 2020, increasing by 3.2% against the previous year. Overall, the import price, however, saw a mild slump. The growth pace was the most rapid in 2014 an increase of 9.1%. As a result, import price reached the peak level of $X per ton. From 2015 to 2020, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Vietnam.

From 2012 to 2020, the rate of growth in terms of prices for Italy amounted to +11.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :