Morocco: Frozen Fish Market 2024

Frozen Fish Market Size in Morocco

In 2022, the Moroccan frozen fish market decreased by X% to $X, falling for the second consecutive year after nine years of growth. In general, consumption, however, recorded mild growth. Frozen fish consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Frozen Fish Production in Morocco

In value terms, frozen fish production expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion 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 most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Frozen fish production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Frozen Fish Exports

Exports from Morocco

In 2022, the amount of frozen fish exported from Morocco expanded notably to X tons, surging by X% compared with 2021 figures. Over the period under review, exports posted buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, frozen fish exports soared to $X in 2022. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2013 when exports increased by X%. 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

Brazil (X tons), South Africa (X tons) and Cote d'Ivoire (X tons) were the main destinations of frozen fish exports from Morocco, together accounting for X% of total exports. Spain, Mali, Burkina Faso, Turkey, Ghana, Malta, Croatia, Portugal, Malaysia and Senegal lagged somewhat behind, together comprising 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 Croatia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Brazil ($X) and Spain ($X) appeared to be the largest markets for frozen fish exported from Morocco worldwide, together accounting for X% of total exports. Cote d'Ivoire, Ghana, Burkina Faso, Mali, Portugal, Malaysia, Turkey, Malta, Croatia and Senegal lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Croatia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 frozen fish export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs 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 Malaysia ($X per ton), while the average price for exports to Mali ($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 Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Morocco

In 2022, supplies from abroad of frozen fish increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish imports rose significantly to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of frozen fish to Morocco, accounting for a X% share of total imports. Moreover, frozen fish imports from Spain exceeded the figures recorded by the second-largest supplier, Senegal (X tons), fivefold. France (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (X% per year) and France (X% per year).

In value terms, Spain ($X) constituted the largest supplier of frozen fish to Morocco, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average frozen fish import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 China ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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