Morocco: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2025

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Morocco

In 2021, the Moroccan seafood meals and pellets market increased by 86% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Morocco

In value terms, seafood meals and pellets production reduced to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 increased by +18.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 45%. Over the period under review, production hit record highs at $X in 2020, and then reduced modestly in the following year.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Morocco

After two years of growth, overseas shipments of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -16.3% to X tons in 2021. Overall, total exports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 63%. The exports peaked at X tons in 2020, and then reduced dramatically in the following year.

In value terms, seafood meals and pellets exports fell slightly to $X in 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +24.9% against 2018 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 56%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank in the following year.

Exports by Country

Turkey (X tons) was the main destination for seafood meals and pellets exports from Morocco, with a 37% share of total exports. Moreover, seafood meals and pellets exports to Turkey exceeded the volume sent to the second major destination, Greece (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+32.4% per year) and Spain (+38.3% per year).

In value terms, Turkey ($X) remains the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Morocco, comprising 36% of total exports. The second position in the ranking was held by Greece ($X), with a 10% share of total exports. It was followed by Spain, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+32.3% per year) and Spain (+37.1% per year).

Export Prices by Country

In 2021, the average seafood meals and pellets export price amounted to $X per ton, growing by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The export price peaked at $X per ton in 2015; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while the average price for exports to India ($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 Italy (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Morocco

In 2021, overseas purchases of flours, meals and pellets of fish or of crustaceans and molluscs were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed significant growth. The growth pace was the most rapid in 2016 when imports increased by 365% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, seafood meals and pellets imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 320% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest seafood meals and pellets supplier to Morocco, with a 86% share of total imports. Moreover, seafood meals and pellets imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +32.2%.

In value terms, Turkey ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Morocco, comprising 73% of total imports. The second position in the ranking was taken by Spain ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +22.9%.

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, rising by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 72% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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