Report Update Nov 1, 2024

Morocco - Chocolate and Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Chocolate Market 2024

Chocolate Exports

Exports from Morocco

In 2022, overseas shipments of chocolate and other food preparations containing cocoa increased by 781% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 22,150% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, chocolate exports soared to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 20,246% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Tunisia (X tons) was the main destination for chocolate exports from Morocco, accounting for a 68% share of total exports. Moreover, chocolate exports to Tunisia exceeded the volume sent to the second major destination, Libya (X tons), threefold. The third position in this ranking was taken by Mauritania (X tons), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to Tunisia totaled +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (0.0% per year) and Mauritania (+19.5% per year).

In value terms, Tunisia ($X) emerged as the key foreign market for chocolate and other food preparations containing cocoa exports from Morocco, comprising 74% of total exports. The second position in the ranking was held by Libya ($X), with a 20% share of total exports. It was followed by Mauritania, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Tunisia stood at +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (0.0% per year) and Mauritania (+14.2% per year).

Export Prices by Country

In 2022, the average chocolate export price amounted to $X per ton, surging by 90% against the previous year. In general, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Mauritania ($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 (+9.7%), while the prices for the other major destinations experienced a decline.

Chocolate Imports

Imports into Morocco

In 2022, supplies from abroad of chocolate and other food preparations containing cocoa decreased by -26% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 145%. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, chocolate imports shrank markedly to $X in 2022. In general, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 142%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest chocolate supplier to Morocco, accounting for a 57% share of total imports. Moreover, chocolate imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by France (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.8% per year) and France (+8.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of chocolate and other food preparations containing cocoa to Morocco, comprising 57% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.0% per year) and France (+6.6% per year).

Import Prices by Country

In 2022, the average chocolate import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 an increase of 14%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Spain ($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

Frequently Asked Questions (FAQ) :

What are the largest markets for chocolate and other food preparations containing cocoa in the world?

The country with the largest volume of chocolate consumption was China, accounting for 17% of total volume. Moreover, chocolate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 6.8% share.

What are the largest producers of chocolate and other food preparations containing cocoa in the world?

China constituted the country with the largest volume of chocolate production, comprising approx. 17% of total volume. Moreover, chocolate production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of chocolate and other food preparations containing cocoa to Morocco?

In value terms, Belgium constituted the largest supplier of chocolate to Morocco, comprising 53% of total imports. The second position in the ranking was occupied by Spain, with a 17% share of total imports. It was followed by Germany, with a 17% share.

What are the leading importers of chocolate and other food preparations containing cocoa from Morocco?

In value terms, the largest markets for chocolate exported from Morocco were Senegal, Mauritania and France $989).

What is the average export price for chocolate and other food preparations containing cocoa in Morocco?

The average chocolate export price stood at $3,167 per ton in 2020, with a decrease of -20.4% against the previous year.

What is the average import price for chocolate and other food preparations containing cocoa in Morocco?

The average chocolate import price stood at $4,324 per ton in 2020, declining by -1.9% against the previous year.

This report provides an in-depth analysis of the chocolate 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 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023