Morocco: Canned Vegetable Market 2024

Canned Vegetable Market Size in Morocco

The Moroccan canned vegetable market soared to $X in 2022, jumping by 114% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Canned Vegetable Production in Morocco

In value terms, canned vegetable production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 14%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Canned Vegetable Exports

Exports from Morocco

In 2022, the amount of canned vegetables exported from Morocco shrank slightly to X tons, waning by -1.9% compared with the previous year. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, the exports attained the peak of X tons, and then fell slightly in the following year.

In value terms, canned vegetable exports reduced slightly to $X in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 21% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons), the United States (X tons) and Belgium (X tons) were the main destinations of canned vegetable exports from Morocco, with a combined 69% share of total exports. Spain, Italy, Saudi Arabia and Germany lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +16.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Belgium ($X) appeared to be the largest markets for canned vegetable exported from Morocco worldwide, together accounting for 69% of total exports. Italy, Spain, Saudi Arabia and Germany lagged somewhat behind, together accounting for a further 18%.

In terms of the main countries of destination, Spain, with a CAGR of +13.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average canned vegetable export price amounted to $X per ton, dropping by -2.8% against the previous year. In general, the export price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 an increase of 9.8%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and France ($X per ton), while the average price for exports to Spain ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-1.4%), while the prices for the other major destinations experienced a decline.

Canned Vegetable Imports

Imports into Morocco

In 2022, the amount of canned vegetables imported into Morocco surged to X tons, with an increase of 34% against 2021 figures. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +128.2% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, canned vegetable imports skyrocketed to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.0% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Spain (X tons) and France (X tons) were the main suppliers of canned vegetable imports to Morocco, together accounting for 58% of total imports. Turkey, Hungary, Italy, Lebanon and Germany lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +80.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and China ($X) were the largest canned vegetable suppliers to Morocco, with a combined 54% share of total imports. Turkey, Germany, Hungary, Italy and Lebanon lagged somewhat behind, together comprising a further 34%.

Among the main suppliers, Hungary, with a CAGR of +82.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average canned vegetable import price amounted to $X per ton, declining by -12.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 30%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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