Morocco: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Morocco

In 2021, the Moroccan preserved mackerel market decreased by -23.2% to $X, falling for the third year in a row after three years of growth. In general, consumption continues to indicate a slight setback. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Preserved Mackerel Production in Morocco

In value terms, preserved mackerel production expanded modestly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 12% against the previous year. Preserved mackerel production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Preserved Mackerel Exports

Exports from Morocco

In 2021, shipments abroad of mackerel (prepared or preserved) was finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, preserved mackerel exports expanded remarkably to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Spain (X tons) and Sierra Leone (X tons) were the main destinations of preserved mackerel exports from Morocco, with a combined 74% share of total exports. These countries were followed by France, the Netherlands, Ghana, Albania, Guinea, the United States, Gabon, Germany and Belgium, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +62.4%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for mackerel (prepared or preserved) exports from Morocco, comprising 48% of total exports. The second position in the ranking was held by Spain ($X), with a 22% share of total exports. It was followed by Sierra Leone, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-0.8% per year) and Sierra Leone (+58.9% per year).

Export Prices by Country

In 2021, the average preserved mackerel export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 12%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Ghana ($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 Belgium (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Mackerel Imports

Imports into Morocco

After two years of growth, supplies from abroad of mackerel (prepared or preserved) decreased by -1.4% to X tons in 2021. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 430% against the previous year. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, preserved mackerel imports dropped to $X in 2021. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 436% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), Spain (X tons) and France (X tons) were the main suppliers of preserved mackerel imports to Morocco, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +82.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of mackerel (prepared or preserved) to Morocco, comprising 68% of total imports. The second position in the ranking was held by Italy ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +90.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.2% per year) and France (-11.4% per year).

Import Prices by Country

The average preserved mackerel import price stood at $X per ton in 2021, reducing by -4.9% against the previous year. Over the period under review, the import price saw a noticeable decrease. The growth pace was the most rapid in 2018 an increase of 35%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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