Morocco: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Morocco

The Moroccan concentrated pineapple juice market soared to $X in 2021, picking up by 30% 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 continues to indicate a significant increase. Concentrated pineapple juice consumption peaked in 2021 and is likely to continue growth in the near future.

Concentrated Pineapple Juice Exports

Exports from Morocco

Concentrated pineapple juice exports from Morocco dropped modestly to X tons in 2021, waning by -3.6% on 2020 figures. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by 468% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, concentrated pineapple juice exports dropped to $X in 2021. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 386% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X tons) was the main destination for concentrated pineapple juice exports from Morocco, accounting for a 24% share of total exports. Moreover, concentrated pineapple juice exports to Senegal exceeded the volume sent to the second major destination, Mali (X tons), threefold. Gambia (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Senegal stood at +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+12.1% per year) and Gambia (+160.7% per year).

In value terms, Senegal ($X), Germany ($X) and the Netherlands ($X) were the largest markets for concentrated pineapple juice exported from Morocco worldwide, with a combined 46% share of total exports. These countries were followed by Mali, Gambia, Gabon, Guinea, Belgium, Japan, Liberia, France, Mauritania and Libya, which together accounted for a further 43%.

Gambia, with a CAGR of +116.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average concentrated pineapple juice export price stood at $X per ton in 2021, falling by -4.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 27%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Mauritania ($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 the Netherlands (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Concentrated Pineapple Juice Imports

Imports into Morocco

Concentrated pineapple juice imports into Morocco expanded markedly to X tons in 2021, picking up by 5.5% against the previous year's figure. Over the period under review, imports recorded measured growth. The pace of growth appeared the most rapid in 2016 with an increase of 128% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, concentrated pineapple juice imports soared to $X in 2021. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 154%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of concentrated pineapple juice to Morocco, with a 45% share of total imports. Moreover, concentrated pineapple juice imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was held by Costa Rica (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +66.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.0% per year) and Costa Rica (+35.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of concentrated pineapple juice to Morocco, comprising 48% of total imports. The second position in the ranking was taken by Thailand ($X), with a 13% share of total imports. It was followed by Spain, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +74.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-1.3% per year) and Spain (+6.9% per year).

Import Prices by Country

The average concentrated pineapple juice import price stood at $X per ton in 2021, surging by 22% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated pineapple juice import price increased by +66.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2016; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Saudi Arabia ($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 (+190.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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