Morocco: Fish Parts Market 2024

Fish Parts Market Size in Morocco

The Moroccan fish parts market rose rapidly to $X in 2022, with an increase of 11% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Fish Parts Production in Morocco

In value terms, fish parts production expanded significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 -6.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 57% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Fish Parts Exports

Exports from Morocco

Fish parts exports from Morocco fell significantly to X tons in 2022, reducing by -16.8% against 2021. Overall, total exports indicated prominent growth from 2015 to 2022: its volume increased at an average annual rate of +8.6% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.9% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 141% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, fish parts exports rose rapidly to $X in 2022. In general, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 65% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Hong Kong SAR (X tons), Singapore (X tons) and Senegal (X tons) were the main destinations of fish parts exports from Morocco, with a combined 99.9% share of total exports.

From 2015 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +32.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fish parts exported from Morocco were Hong Kong SAR ($X), Singapore ($X) and Senegal ($X).

Singapore, with a CAGR of +60.6%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average fish parts export price amounted to $X per ton, with an increase of 30% against the previous year. Overall, the export price recorded a buoyant increase. The growth pace was the most rapid in 2017 when the average export price increased by 88% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+43.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fish Parts Imports

Imports into Morocco

In 2022, after two years of decline, there was decline in supplies from abroad of fish heads, tails and maws, when their volume decreased by 0% to X kg. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 4,436% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fish parts imports totaled $X in 2022. In general, imports recorded a dramatic setback. The pace of growth appeared the most rapid in 2019 with an increase of 4,182%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, France (X kg) was the main supplier of fish parts to Morocco, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from France stood at -9.9%.

In value terms, France ($X) constituted the largest supplier of fish heads, tails and maws to Morocco.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to -10.8%.

Import Prices by Country

The average fish parts import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price recorded a sharp setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 37%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -1.0% per year.

Source: IndexBox Platform

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