Morocco: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Morocco

The Moroccan frozen fish and seafood market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a resilient increase. Frozen fish and seafood consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Frozen Fish And Seafood in Morocco

In value terms, frozen fish and seafood production expanded to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Frozen fish and seafood production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Fish And Seafood

Exports from Morocco

Frozen fish and seafood exports from Morocco stood at X tons in 2022, with an increase of X% on 2021. In general, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, frozen fish and seafood exports shrank to $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Spain (X tons), Brazil (X tons) and South Africa (X tons) were the main destinations of frozen fish and seafood exports from Morocco, together accounting for X% of total exports. Cote d'Ivoire, Mali, Italy, Burkina Faso, Turkey, Japan, Ghana, Malta, Portugal and Croatia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for frozen fish and seafood exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Japan (X% per year).

Export Prices by Country

The average frozen fish and seafood export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price showed a slight decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Frozen Fish And Seafood

Imports into Morocco

Frozen fish and seafood imports into Morocco amounted to X tons in 2022, increasing by X% compared with the previous year's figure. In general, imports showed a strong expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, frozen fish and seafood imports skyrocketed to $X in 2022. Overall, imports showed a prominent expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest frozen fish and seafood supplier to Morocco, with a X% share of total imports. Moreover, frozen fish and seafood imports from Spain exceeded the figures recorded by the second-largest supplier, Falkland Islands (Malvinas) (X tons), twofold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Falkland Islands (Malvinas) (X% per year) and China (X% per year).

In value terms, the largest frozen fish and seafood suppliers to Morocco were Spain ($X), Falkland Islands (Malvinas) ($X) and Ecuador ($X), with a combined X% share of total imports. China, Canada, Peru, Greenland, Senegal, France, the Netherlands, Vietnam and Norway lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Norway, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fish and seafood import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Greenland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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