Morocco: Canned Meat Market 2024

Canned Meat Market Size in Morocco

The Moroccan canned meat market shrank slightly to $X in 2021, waning by -3.9% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Canned Meat Production in Morocco

In value terms, canned meat production declined modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 20%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Canned Meat Exports

Exports from Morocco

Canned meat exports from Morocco dropped sharply to X tons in 2021, with a decrease of -35.6% compared with the previous year's figure. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 222%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, canned meat exports shrank significantly to $X in 2021. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 160% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Senegal (X tons) was the main destination for canned meat exports from Morocco, accounting for a 82% share of total exports. Moreover, canned meat exports to Senegal exceeded the volume sent to the second major destination, Mauritania (X tons), tenfold. The third position in this ranking was held by Libya (X tons), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Senegal amounted to +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-3.0% per year) and Libya (0.0% per year).

In value terms, Senegal ($X) remains the key foreign market for canned meat exports from Morocco, comprising 62% of total exports. The second position in the ranking was held by Mauritania ($X), with a 14% share of total exports. It was followed by Libya, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Senegal totaled +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-4.0% per year) and Libya (0.0% per year).

Export Prices by Country

In 2021, the average canned meat export price amounted to $X per ton, with an increase of 8.4% against the previous year. Over the period under review, the export price, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Gambia ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+25.4%), while the prices for the other major destinations experienced a decline.

Canned Meat Imports

Imports into Morocco

Canned meat imports into Morocco skyrocketed to X tons in 2021, growing by 42% on the year before. In general, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, canned meat imports skyrocketed to $X in 2021. Overall, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), Germany (X tons) and Russia (X tons) were the main suppliers of canned meat imports to Morocco, with a combined 70% share of total imports. These countries were followed by France, Turkey, Poland and the Netherlands, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +374.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of canned meat to Morocco, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+130.1% per year) and France (-2.9% per year).

Import Prices by Country

The average canned meat import price stood at $X per ton in 2021, surging by 1.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 17%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :