Morocco: Fructose Market 2024

Fructose Market Size in Morocco

The Moroccan fructose market skyrocketed to $X in 2021, with an increase of 36% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +94.4% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fructose Exports

Exports from Morocco

In 2021, shipments abroad of fructose and fructose syrup decreased by -14.3% to X tons, falling for the third year in a row after three years of growth. Overall, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 590%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, fructose exports fell slightly to $X in 2021. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 401% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia (X tons) was the main destination for fructose exports from Morocco, with a 55% share of total exports. Moreover, fructose exports to Tunisia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by Libya (X tons), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tunisia stood at -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+56.8% per year) and Libya (-36.6% per year).

In value terms, Tunisia ($X), Senegal ($X) and the United Arab Emirates ($X) appeared to be the largest markets for fructose exported from Morocco worldwide, together comprising 78% of total exports. These countries were followed by Libya and France, which together accounted for a further 22%.

France, with a CAGR of +122.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average fructose export price stood at $X per ton in 2021, rising by 12% against the previous year. Over the period under review, the export price recorded modest growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 112% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Tunisia ($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 Senegal (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fructose Imports

Imports into Morocco

In 2021, purchases abroad of fructose and fructose syrup was finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fructose imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +99.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Spain (X tons) and Turkey (X tons) were the main suppliers of fructose imports to Morocco, together accounting for 82% of total imports. Slovakia, Belgium and Bulgaria lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +44.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Turkey ($X) were the largest fructose suppliers to Morocco, with a combined 82% share of total imports. Belgium, Slovakia and Bulgaria lagged somewhat behind, together comprising a further 11%.

Slovakia, with a CAGR of +44.5%, saw the highest rates of growth with regard to the value of imports, among 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 fructose import price amounted to $X per ton, falling by -8.3% against the previous year. Over the period under review, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 21%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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