Morocco: Carob Market 2024

Carob Market Size in Morocco

The Moroccan carob market reduced to $X in 2021, which is down by -14.1% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Carob Production in Morocco

In value terms, carob production declined rapidly to $X in 2021 estimated in export price. Overall, production showed a perceptible increase. The pace of growth was the most pronounced in 2020 with an increase of 60%. Carob production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of carob in Morocco contracted slightly to X tons per ha, remaining constant against 2020 figures. In general, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by 105%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2021, the growth of the average carob yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the carob harvested area in Morocco stood at X ha, remaining relatively unchanged against 2020 figures. Over the period under review, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 1.8% against the previous year. The carob harvested area peaked at X ha in 2014; however, from 2015 to 2021, the harvested area remained at a lower figure.

Carob Exports

Exports from Morocco

In 2021, the amount of carob exported from Morocco rose sharply to X tons, picking up by 6% on 2020. Overall, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 812%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, carob exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 522% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Spain (X tons) and Switzerland (X tons) were the main destinations of carob exports from Morocco, together accounting for 97% of total exports. Turkey lagged somewhat behind, accounting for a further 2.8%.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +54.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carob exported from Morocco were Italy ($X), Spain ($X) and Switzerland ($X), with a combined 96% share of total exports. These countries were followed by Turkey, which accounted for a further 3.2%.

Turkey, with a CAGR of +85.5%, recorded 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 carob export price stood at $X per ton in 2021, jumping by 41% against the previous year. Overall, the export price posted a remarkable increase. The growth pace was the most rapid in 2014 when the average export price increased by 114% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Spain ($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 Algeria (+38.8%), while the prices for the other major destinations experienced more modest paces of growth.

Carob Imports

Imports into Morocco

Carob imports into Morocco reduced to X tons in 2021, falling by -2.4% against the year before. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 6,583% against the previous year. As a result, imports reached the peak of X tons, and then contracted slightly in the following year.

In value terms, carob imports surged to $X in 2021. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 3,611%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Algeria (X tons) constituted the largest carob supplier to Morocco, with a 70% share of total imports. Moreover, carob imports from Algeria exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sevenfold. Spain (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from Algeria totaled +81.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+58.0% per year) and Spain (+31.2% per year).

In value terms, Spain ($X), Algeria ($X) and Lebanon ($X) appeared to be the largest carob suppliers to Morocco, together comprising 76% of total imports.

Algeria, with a CAGR of +94.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average carob import price amounted to $X per ton, jumping by 235% against the previous year. Overall, the import price enjoyed measured growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Lebanon ($X per ton), while the price for Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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