Morocco: Cheese And Curd Market 2024

Cheese And Curd Market Size in Morocco

In 2022, the Moroccan cheese and curd market decreased by -2.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a buoyant expansion. Cheese and curd consumption peaked at $X in 2021, and then contracted slightly in the following year.

Cheese And Curd Production in Morocco

In value terms, cheese and curd production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 25% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Cheese And Curd Exports

Exports from Morocco

For the eighth consecutive year, Morocco recorded decline in overseas shipments of cheese and curd, which decreased by -20.5% to X tons in 2022. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cheese and curd exports fell rapidly to $X in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2013 when exports increased by 23%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for cheese and curd exports from Morocco, accounting for a 63% share of total exports. Moreover, cheese and curd exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X tons), sevenfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +1,473.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-9.5% per year) and the United Arab Emirates (-7.9% per year).

In value terms, the United States ($X) remains the key foreign market for cheese and curd exports from Morocco, comprising 52% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +1,201.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-8.2% per year) and the United Arab Emirates (-3.5% per year).

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, which is down by -8.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average 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 the United Arab Emirates ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Morocco

In 2022, supplies from abroad of cheese and curd decreased by -7.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, cheese and curd imports reached $X in 2022. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 30%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of cheese and curd to Morocco, accounting for a 46% share of total imports. Moreover, cheese and curd imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was taken by Austria (X tons), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.6% per year) and Austria (+25.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cheese and curd to Morocco, comprising 45% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by Austria, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.9% per year) and Austria (+25.1% per year).

Import Prices by Country

The average cheese and curd import price stood at $X per ton in 2022, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2017 an increase of 16%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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