Morocco: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Morocco

The Moroccan chocolate bar with filling market fell to $X in 2021, which is down by -9.3% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Chocolate Bars With Fillings in Morocco

In value terms, chocolate bar with filling production shrank to $X in 2021 estimated in export price. Overall, production recorded a mild slump. The pace of growth appeared the most rapid in 2020 with an increase of 26%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Chocolate Bars With Fillings

Exports from Morocco

In 2021, approx. X tons of chocolate bars with fillings were exported from Morocco; declining by -8% on the previous year's figure. Over the period under review, exports recorded a precipitous decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 1,327% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, chocolate bar with filling exports skyrocketed to $X in 2021. Overall, exports faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 453% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons), Guinea (X tons) and Libya (X tons) were the main destinations of chocolate bar with filling exports from Morocco, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +126.5%), while the other leaders experienced more modest paces of growth.

In value terms, Libya ($X) emerged as the key foreign market for chocolate bars with fillings exports from Morocco, comprising 50% of total exports. The second position in the ranking was taken by Guinea ($X), with a 21% share of total exports. It was followed by Oman, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Libya was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (-25.5% per year) and Oman (+69.3% per year).

Export Prices by Country

In 2021, the average chocolate bar with filling export price amounted to $X per ton, rising by 52% against the previous year. In general, the export price saw pronounced growth. The pace of growth was the most pronounced in 2019 an increase of 119% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Oman ($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 (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Morocco

After three years of growth, overseas purchases of chocolate bars with fillings decreased by -4.9% to X tons in 2021. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 78% against the previous year. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, chocolate bar with filling imports declined notably to $X in 2021. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 70%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2021, Egypt (X tons) constituted the largest supplier of chocolate bar with filling to Morocco, with a 51% share of total imports. Moreover, chocolate bar with filling imports from Egypt exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Egypt totaled +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.1% per year) and Germany (+38.7% per year).

In value terms, Egypt ($X) constituted the largest supplier of chocolate bars with fillings to Morocco, comprising 49% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Egypt stood at +38.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.4% per year) and Germany (+36.4% per year).

Import Prices by Country

The average chocolate bar with filling import price stood at $X per ton in 2021, falling by -12.5% against the previous year. Overall, the import price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2017 an increase of 21%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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