Morocco: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Morocco

The Moroccan market for frozen crabs and crabs meat surged to $X in 2021, picking up by 90% against the previous year. Overall, consumption enjoyed significant growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Frozen Crabs And Crabs Meat in Morocco

In value terms, frozen crab and crab meat production rose to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.3% against 2018 indices. The growth pace was the most rapid in 2013 when the production volume increased by 23% against the previous year. Frozen crab and crab meat production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Frozen Crabs And Crabs Meat

Exports from Morocco

In 2021, approx. X tons of frozen crabs and crabs meat were exported from Morocco; dropping by -7% against the previous year. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 4,506% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then shrank in the following year.

In value terms, frozen crab and crab meat exports rose markedly to $X in 2021. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 3,683% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Portugal (X tons) was the main destination for frozen crab and crab meat exports from Morocco, accounting for a 46% share of total exports. Moreover, frozen crab and crab meat exports to Portugal exceeded the volume sent to the second major destination, Spain (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Portugal stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-19.6% per year) and the United States (+160.6% per year).

In value terms, Portugal ($X) remains the key foreign market for frozen crabs and crabs meat exports from Morocco, comprising 43% of total exports. The second position in the ranking was held by Spain ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-0.2% per year) and the United States (+268.2% per year).

Export Prices by Country

The average export price for frozen crabs and crabs meat stood at $X per ton in 2021, surging by 21% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen crab and crab meat export price increased by +25.8% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 33% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Portugal ($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 the United States (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into Morocco

In 2021, the amount of frozen crabs and crabs meat imported into Morocco surged to X tons, increasing by 156% on the previous year's figure. Overall, imports recorded a measured increase. The most prominent rate of growth was recorded in 2013 with an increase of 289%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, frozen crab and crab meat imports surged to $X in 2021. In general, imports posted strong growth. The growth pace was the most rapid in 2013 with an increase of 306%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X kg) constituted the largest frozen crab and crab meat supplier to Morocco, with a 41% share of total imports. Moreover, frozen crab and crab meat imports from China exceeded the figures recorded by the second-largest supplier, France (X kg), threefold. Norway (X kg) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+76.0% per year) and Norway (+50.4% per year).

In value terms, the largest frozen crab and crab meat suppliers to Morocco were France ($X), Norway ($X) and Russia ($X), with a combined 56% share of total imports.

France, with a CAGR of +65.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average import price for frozen crabs and crabs meat amounted to $X per ton, declining by -13.7% against the previous year. Overall, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 129%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+83.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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