Morocco: Dry Vegetable Market 2024

Dry Vegetable Market Size in Morocco

The Moroccan dry vegetable market amounted to $X in 2022, remaining stable against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Dry Vegetable Production in Morocco

In value terms, dry vegetable production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 22%. Dry vegetable production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Dry Vegetable Exports

Exports from Morocco

In 2022, shipments abroad of dry vegetables decreased by -22.2% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,254%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, dry vegetable exports reduced to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 1,193%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for dry vegetable exports from Morocco, accounting for a 99% share of total exports. It was followed by Cote d'Ivoire (X kg), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-53.4% per year) and the UK (-63.8% per year).

In value terms, the United States ($X) remains the key foreign market for dry vegetables exports from Morocco, comprising 99% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-33.5% per year) and the UK (-62.7% per year).

Export Prices by Country

In 2022, the average dry vegetable export price amounted to $X per ton, with an increase of 18% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 21%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Vegetable Imports

Imports into Morocco

In 2022, after seven years of growth, there was significant decline in overseas purchases of dry vegetables, when their volume decreased by -39.4% to X tons. Over the period under review, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 59%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, dry vegetable imports shrank notably to $X in 2022. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

India (X tons), Egypt (X tons) and China (X tons) were the main suppliers of dry vegetable imports to Morocco, with a combined 73% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +54.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Egypt ($X) and Spain ($X) constituted the largest dry vegetable suppliers to Morocco, together accounting for 60% of total imports. India, France, Poland, Germany and Belgium lagged somewhat behind, together comprising a further 33%.

India, with a CAGR of +38.3%, saw the highest growth rate of the value of imports, among 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 dry vegetable import price amounted to $X per ton, growing by 18% against the previous year. In general, the import price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 28%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, 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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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