Morocco - Chewing Gum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMorocco: Chewing Gum Market 2024
Chewing Gum Market Size in Morocco
The Moroccan chewing gum market shrank to $X in 2021, waning by -9.4% against the previous year. In general, consumption continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when the market value increased by 7.6% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.
Chewing Gum Production in Morocco
In value terms, chewing gum production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production showed a deep reduction. The growth pace was the most rapid in 2020 when the production volume increased by 53%. Chewing gum production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.
Chewing Gum Exports
Exports from Morocco
In 2021, overseas shipments of chewing gum increased by 9.5% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2014 with an increase of 86% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.
In value terms, chewing gum exports skyrocketed to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 92% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.
Exports by Country
The United States (X tons) was the main destination for chewing gum exports from Morocco, with a 39% share of total exports. Moreover, chewing gum exports to the United States exceeded the volume sent to the second major destination, Mauritania (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a 9.8% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +499.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+20.9% per year) and Belgium (+56.0% per year).
In value terms, the United States ($X) remains the key foreign market for chewing gum exports from Morocco, comprising 59% of total exports. The second position in the ranking was held by Mauritania ($X), with an 11% share of total exports. It was followed by Belgium, with a 6.8% share.
From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +543.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+17.1% per year) and Belgium (+47.4% per year).
Export Prices by Country
The average chewing gum export price stood at $X per ton in 2021, surging by 21% against the previous year. Overall, the export price, however, showed a noticeable contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Cote d'Ivoire ($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 the United States (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.
Chewing Gum Imports
Imports into Morocco
In 2021, chewing gum imports into Morocco skyrocketed to X tons, jumping by 21% against 2020. Over the period under review, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 81%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
In value terms, chewing gum imports surged to $X in 2021. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by 105% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Egypt (X tons) constituted the largest supplier of chewing gum to Morocco, accounting for a 73% share of total imports. Moreover, chewing gum imports from Egypt exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The third position in this ranking was taken by Brazil (X tons), with a 6.7% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt totaled +47.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+38.4% per year) and Brazil (+25.3% per year).
In value terms, Egypt ($X) constituted the largest supplier of chewing gum to Morocco, comprising 65% of total imports. The second position in the ranking was held by Spain ($X), with a 21% share of total imports. It was followed by Brazil, with a 5.1% share.
From 2012 to 2021, the average annual growth rate of value from Egypt amounted to +58.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+62.0% per year) and Brazil (+28.9% per year).
Import Prices by Country
In 2021, the average chewing gum import price amounted to $X per ton, rising by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +6.4%. The pace of growth was the most pronounced in 2013 an increase of 32%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.
Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the chewing gum market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10822310 - Chewing gum
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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