Morocco: Crude Soybean Oil Market 2025

Crude Soybean Oil Market Size in Morocco

The Moroccan crude soybean oil market soared to $X in 2022, picking up by 18% against the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.2% against 2019 indices. Crude soybean oil consumption peaked in 2022 and is expected to retain growth in the immediate term.

Crude Soybean Oil Production in Morocco

In value terms, crude soybean oil production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 205% against the previous year. Crude soybean oil production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Crude Soybean Oil Exports

Exports from Morocco

In 2022, overseas shipments of crude soybean oil increased by 2,497% to X tons, rising for the second year in a row after seven years of decline. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, crude soybean oil exports soared to $X in 2022. Overall, exports saw modest growth. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Tunisia (X tons) was the main destination for crude soybean oil exports from Morocco, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Tunisia was relatively modest.

In value terms, Tunisia ($X) emerged as the key foreign market for crude soybean oil exports from Morocco.

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

Export Prices by Country

The average crude soybean oil export price stood at $X per ton in 2022, increasing by 153% against the previous year. Over the period under review, the export price continues to indicate a mild increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to -8.8% per year.

Crude Soybean Oil Imports

Imports into Morocco

In 2022, purchases abroad of crude soybean oil was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 17% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, crude soybean oil imports surged to $X in 2022. In general, imports recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), Argentina (X tons) and the Netherlands (X tons) were the main suppliers of crude soybean oil imports to Morocco, with a combined 84% share of total imports. Italy, France, Portugal, Germany and Egypt lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +73.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crude soybean oil suppliers to Morocco were Spain ($X), Argentina ($X) and Italy ($X), with a combined 85% share of total imports. The Netherlands, France, Portugal, Germany and Egypt lagged somewhat behind, together accounting for a further 15%.

France, with a CAGR of +72.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average crude soybean oil import price amounted to $X per ton, surging by 20% against the previous year. In general, the import price saw a notable increase. The most prominent rate of growth was recorded in 2021 an increase of 69% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Spain ($X per ton), while the price for Germany ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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