Morocco: Coconut Market 2025

Coconut Market Size in Morocco

The Moroccan coconut market contracted slightly to $X in 2022, declining by -1.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Coconut Exports

Exports from Morocco

In 2022, after two years of decline, there was significant decline in shipments abroad of coconuts, when their volume decreased by -50.1% to X kg. In general, exports saw a sharp decrease. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, coconut exports fell to $X in 2022. Over the period under review, exports, however, posted a perceptible increase. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X kg), Niger (X kg) and Mauritania (X kg) were the main destinations of coconut exports from Morocco.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Niger (with a CAGR of +246.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for coconut exported from Morocco were Burkina Faso ($X), Niger ($X) and Mauritania ($X).

Niger, with a CAGR of +75.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average coconut export price amounted to $X per ton, picking up by 89% against the previous year. In general, the export price posted a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+63.2%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Morocco

In 2022, approx. X tons of coconuts were imported into Morocco; almost unchanged from the year before. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 101%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, coconut imports dropped to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 109% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Cote d'Ivoire (X tons) constituted the largest supplier of coconut to Morocco, with a 89% share of total imports. Moreover, coconut imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), tenfold. The third position in this ranking was held by Thailand (X tons), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from Cote d'Ivoire totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+14.2% per year) and Thailand (+49.6% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of coconuts to Morocco, comprising 79% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total imports. It was followed by Thailand, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from Cote d'Ivoire totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+18.5% per year) and Thailand (+56.9% per year).

Import Prices by Country

The average coconut import price stood at $X per ton in 2022, falling by -4.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 39%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Spain ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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