Morocco: Market for Fish Fats And Oils 2025

Market Size for Fish Fats And Oils in Morocco

In 2022, the Moroccan fish fat and oil market decreased by -74.2% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption continues to indicate a noticeable contraction. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Production of Fish Fats And Oils in Morocco

In value terms, fish fat and oil production expanded markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 87% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports from Morocco

In 2022, the amount of fish fats and oils exported from Morocco soared to X tons, rising by 67% against 2021 figures. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 137%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, fish fat and oil exports soared to $X in 2022. Overall, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Peru (X tons), France (X tons) and Norway (X tons) were the main destinations of fish fat and oil exports from Morocco, together accounting for 55% of total exports. Chile, China, Denmark, Iceland and the Netherlands lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +80.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), France ($X) and China ($X) were the largest markets for fish fat and oil exported from Morocco worldwide, together comprising 62% of total exports. Norway, Chile, Denmark, Iceland and the Netherlands lagged somewhat behind, together comprising a further 28%.

Chile, with a CAGR of +86.4%, saw the highest growth rate of the value of exports, in terms of 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 fish fat and oil export price stood at $X per ton in 2022, picking up by 46% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish fat and oil export price increased by +76.3% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Chile ($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 the Netherlands (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports into Morocco

Fish fat and oil imports into Morocco surged to X tons in 2022, increasing by 793% on the year before. Overall, imports, however, showed a pronounced contraction. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, fish fat and oil imports surged to $X in 2022. In general, imports continue to indicate prominent growth. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) was the main supplier of fish fat and oil to Morocco, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey was relatively modest.

In value terms, Turkey ($X) constituted the largest supplier of fish fats and oils to Morocco.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +8.0%.

Import Prices by Country

The average fish fat and oil import price stood at $X per ton in 2022, picking up by 99% against the previous year. In general, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2013 an increase of 116%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +8.1% per year.

Source: IndexBox Platform

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