Morocco: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Morocco

In 2021, the Moroccan dried or smoked fish market increased by 3% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. Dried or smoked fish consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Dried Or Smoked Fish in Morocco

In value terms, dried or smoked fish production rose significantly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 -7.7% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 45% against the previous year. Dried or smoked fish production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports from Morocco

In 2021, the amount of dried or smoked fish exported from Morocco skyrocketed to X tons, increasing by 21% on 2020. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 79%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, dried or smoked fish exports surged to $X in 2021. In general, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 64% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons) was the main destination for dried or smoked fish exports from Morocco, with a 65% share of total exports. Moreover, dried or smoked fish exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), threefold. Tunisia (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+17.4% per year) and Tunisia (+4.5% per year).

In value terms, the largest markets for dried or smoked fish exported from Morocco were Italy ($X), Spain ($X) and Tunisia ($X), with a combined 92% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +35.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average dried or smoked fish export price amounted to $X per ton, growing by 14% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 45% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Tunisia ($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 Spain (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Morocco

In 2021, overseas purchases of dried or smoked fish decreased by -38.2% to X tons, falling for the sixth consecutive year after two years of growth. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 134%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, dried or smoked fish imports dropped markedly to $X in 2021. In general, imports saw a drastic downturn. The pace of growth was the most pronounced in 2014 when imports increased by 137% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of dried or smoked fish to Morocco, with a 56% share of total imports. Moreover, dried or smoked fish imports from Spain exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. Portugal (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-21.4% per year) and Portugal (+91.9% per year).

In value terms, the largest dried or smoked fish suppliers to Morocco were Spain ($X), Portugal ($X) and Argentina ($X), with a combined 76% share of total imports.

In terms of the main suppliers, Portugal, with a CAGR of +140.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average dried or smoked fish import price stood at $X per ton in 2021, falling by -24.5% against the previous year. Overall, the import price saw a pronounced decrease. The pace of growth appeared the most rapid in 2013 when the average import price increased by 20% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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