Morocco: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Morocco

The Moroccan market for chocolate bars with cereals, fruit or nuts reduced to $X in 2022, falling by -6.4% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.7% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Morocco

In value terms, production of chocolate bars with cereals, fruit or nuts dropped modestly to $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 -10.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Morocco

In 2022, the amount of chocolate bars with cereals, fruit or nuts exported from Morocco dropped remarkably to X tons, declining by -51% against the previous year's figure. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 383%. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then contracted dramatically in the following year.

In value terms, exports of chocolate bars with cereals, fruit or nuts fell remarkably to $X in 2022. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 381%. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Guinea (X tons), Libya (X tons) and Tunisia (X tons) were the main destinations of exports of chocolate bars with cereals, fruit or nuts from Morocco, together comprising 71% of total exports. Lebanon, Mauritania, Belgium and France lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +43.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cereal, fruit or nut chocolate bar exported from Morocco were Libya ($X), Tunisia ($X) and Guinea ($X), with a combined 63% share of total exports. France, Lebanon, Mauritania and Belgium lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, France, with a CAGR of +43.4%, recorded 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 export price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 25%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Guinea ($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 France (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Morocco

After two years of growth, purchases abroad of chocolate bars with cereals, fruit or nuts decreased by -21.7% to X tons in 2022. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 81%. Over the period under review, imports of reached the maximum at X tons in 2021, and then declined dramatically in the following year.

In value terms, imports of chocolate bars with cereals, fruit or nuts fell dramatically to $X in 2022. Overall, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 46% against the previous year. Imports peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest cereal, fruit or nut chocolate bar supplier to Morocco, with a 75% share of total imports. Moreover, imports of chocolate bars with cereals, fruit or nuts from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.0% per year) and France (+10.3% per year).

In value terms, Spain ($X) constituted the largest supplier of chocolate bars with cereals, fruit or nuts to Morocco, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 7.5% share of total imports. It was followed by France, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.8% per year) and France (+9.1% per year).

Import Prices by Country

In 2022, the average import price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, falling by -5.4% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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