Report Update Nov 1, 2024

Morocco - Cocoa Paste - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Cocoa Paste Market 2024

Cocoa Paste Market Size in Morocco

The Moroccan cocoa paste market reached $X in 2021, approximately reflecting the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Cocoa Paste Production in Morocco

In value terms, cocoa paste production fell to $X in 2021 estimated in export price. Overall, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.5% against 2018 indices. The growth pace was the most rapid in 2013 when the production volume increased by 68% against the previous year. Cocoa paste production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Cocoa Paste Exports

Exports from Morocco

In 2021, the amount of cocoa paste exported from Morocco skyrocketed to X tons, rising by 20,205% against the previous year's figure. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cocoa paste exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for cocoa paste exports from Morocco, accounting for a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +229.3%.

In value terms, the Netherlands ($X) also remains the key foreign market for cocoa paste exports from Morocco.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +231.4%.

Export Prices by Country

The average cocoa paste export price stood at $X per ton in 2021, falling by -6.8% against the previous year. In general, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2013 an increase of 135%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +1.5% per year.

Cocoa Paste Imports

Imports into Morocco

In 2021, the amount of cocoa paste imported into Morocco surged to X tons, with an increase of 223% against 2020 figures. In general, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa paste imports soared to $X in 2021. Overall, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Cote d'Ivoire (X tons) constituted the largest cocoa paste supplier to Morocco, accounting for a 39% share of total imports. Moreover, cocoa paste imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. Ghana (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from Cote d'Ivoire totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-8.4% per year) and Ghana (+0.0% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of cocoa paste to Morocco, comprising 40% of total imports. The second position in the ranking was taken by Spain ($X), with a 6.5% share of total imports. It was followed by Ghana, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Cote d'Ivoire stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-6.5% per year) and Ghana (+0.1% per year).

Import Prices by Country

The average cocoa paste import price stood at $X per ton in 2021, increasing by 7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the price for Italy ($X per ton) and Ghana ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), 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 cocoa paste in the world?

The countries with the highest volumes of cocoa paste consumption in 2021 were China, the United States and India, with a combined 27% share of global consumption. These countries were followed by Japan, Pakistan, Indonesia, Brazil, Bangladesh, the UK, Nigeria, Russia, Mexico and Vietnam, which together accounted for a further 25%.

What are the largest producers of cocoa paste in the world?

The country with the largest volume of cocoa paste production was China, accounting for 14% of total volume. Moreover, cocoa paste production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of cocoa paste to Morocco?

In value terms, Cote d'Ivoire constituted the largest supplier of cocoa paste to Morocco, comprising 73% of total imports. The second position in the ranking was occupied by Spain, with a 15% share of total imports. It was followed by Italy, with a 7.8% share.

What are the leading importers of cocoa paste from Morocco?

In value terms, France remains the key foreign market for cocoa paste exports from Morocco.

What is the average export price for cocoa paste in Morocco?

The average cocoa paste export price stood at $3,636 per ton in 2021, declining by -2.2% against the previous year.

What is the average import price for cocoa paste in Morocco?

In 2021, the average cocoa paste import price amounted to $3,682 per ton, increasing by 3.5% against the previous year.

This report provides an in-depth analysis of the cocoa paste 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 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)

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