Morocco: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Morocco

The Moroccan chocolate and confectionery market shrank modestly to $X in 2022, falling by -1.9% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when the market value increased by 5.9%. As a result, consumption reached the peak level of $X, and then reduced slightly in the following year.

Chocolate And Confectionery Production in Morocco

In value terms, chocolate and confectionery production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 6.8%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from Morocco

In 2022, exports of chocolate and confectionery from Morocco soared to X tons, with an increase of 35% on the previous year's figure. Over the period under review, exports, however, showed a abrupt slump. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, chocolate and confectionery exports surged to $X in 2022. Overall, exports, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 72%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mali (X tons), Guinea (X tons) and Congo (X tons) were the main destinations of chocolate and confectionery exports from Morocco, with a combined 44% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Congo (with a CAGR of +27.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate and confectionery exported from Morocco were Mali ($X), Tunisia ($X) and Libya ($X), together comprising 39% of total exports. Guinea, Congo, the Netherlands, Central African Republic, Mauritania, Cameroon, Senegal and Yemen lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, Congo, with a CAGR of +29.0%, recorded the highest growth rate of 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

The average chocolate and confectionery export price stood at $X per ton in 2022, reducing by -5.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2021 when the average export price increased by 29%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Mauritania ($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 Tunisia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Morocco

In 2022, after six years of growth, there was decline in overseas purchases of chocolate and confectionery, when their volume decreased by -4.6% to X tons. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 41%. Over the period under review, imports hit record highs at X tons in 2021, and then declined slightly in the following year.

In value terms, chocolate and confectionery imports declined to $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest chocolate and confectionery supplier to Morocco, accounting for a 33% share of total imports. Moreover, chocolate and confectionery imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.5% per year) and Germany (+18.9% per year).

In value terms, Spain ($X) constituted the largest supplier of chocolate and confectionery to Morocco, comprising 29% of total imports. The second position in the ranking was held by Italy ($X), with a 9.1% share of total imports. It was followed by Germany, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.1% per year) and Germany (+19.5% per year).

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, declining by -2.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 9%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, 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 ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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