Report Update Nov 1, 2024

Morocco - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in Morocco

In 2022, the Moroccan crude palm oil market increased by 26% to $X, rising for the third consecutive year after two years of decline. In general, consumption posted prominent growth. Crude palm oil consumption peaked in 2022 and is expected to retain growth in the immediate term.

Crude Palm Oil Exports

Exports from Morocco

In 2022, after three years of growth, there was significant decline in shipments abroad of crude palm oil, when their volume decreased by -68.2% to X tons. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 13,352%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, crude palm oil exports shrank to $X in 2022. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 6,755%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X tons) and France (X tons) were the main destinations of crude palm oil exports from Morocco.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +66.5%).

In value terms, France ($X) emerged as the key foreign market for crude palm oil exports from Morocco, comprising 48% of total exports. The second position in the ranking was held by Switzerland ($X), with a 4.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

The average crude palm oil export price stood at $X per ton in 2022, increasing by 201% against the previous year. Over the period under review, the export price continues to indicate a noticeable increase. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-10.3%).

Crude Palm Oil Imports

Imports into Morocco

In 2022, approx. X tons of crude palm oil were imported into Morocco; picking up by 9.8% on the previous year's figure. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, crude palm oil imports surged to $X in 2022. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 151% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Cote d'Ivoire (X tons) constituted the largest supplier of crude palm oil to Morocco, accounting for a 42% share of total imports. Moreover, crude palm oil imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Liberia (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Cote d'Ivoire stood at +109.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Liberia (+222.6% per year) and Indonesia (+5.7% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of crude palm oil to Morocco, comprising 46% of total imports. The second position in the ranking was held by Liberia ($X), with a 15% share of total imports. It was followed by Guatemala, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Cote d'Ivoire stood at +114.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Liberia (+263.2% per year) and Guatemala (+3.7% per year).

Import Prices by Country

In 2022, the average crude palm oil import price amounted to $X per ton, growing by 22% against the previous year. Over the period under review, the import price saw a noticeable increase. The growth pace was the most rapid in 2021 an increase of 72%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Cote d'Ivoire ($X per ton) and Guatemala ($X per ton), while the price for Peru ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (+12.6%), 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 crude palm oil in the world?

Indonesia constituted the country with the largest volume of crude palm oil consumption, accounting for 50% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia, twofold. India ranked third in terms of total consumption with a 9.9% share.

What are the largest producers of crude palm oil in the world?

The country with the largest volume of crude palm oil production was Indonesia, accounting for 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of crude palm oil to Morocco?

In value terms, the largest crude palm oil suppliers to Morocco were Guatemala, Indonesia and Honduras, together comprising 71% of total imports.

What are the leading importers of crude palm oil from Morocco?

In value terms, Switzerland remains the key foreign market for crude palm oil exports from Morocco.

What is the average export price for crude palm oil in Morocco?

In 2021, the average crude palm oil export price amounted to $393 per ton, flattening at the previous year.

What is the average import price for crude palm oil in Morocco?

The average crude palm oil import price stood at $636 per ton in 2021, dropping by -7.7% against the previous year.

This report provides an in-depth analysis of the crude palm oil 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:

FCL 257 - Oil of palm

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