Morocco: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Morocco

In 2022, the Moroccan market for malt extract and food preparations of flour, meal, and starches increased by 13% to $X, rising for the eighth year in a row after two years of decline. Overall, consumption enjoyed a significant increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Morocco

In 2022, approx. X tons of malt extract and food preparations of flour, meal, and starches were exported from Morocco; which is down by -90.7% compared with the year before. In general, exports recorded a sharp setback. The pace of growth appeared the most rapid in 2018 when exports increased by 77% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches fell markedly to $X in 2022. Over the period under review, exports recorded a precipitous decrease. The growth pace was the most rapid in 2018 with an increase of 71% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Mauritania (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Morocco, accounting for a 94% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Mauritania exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Mauritania stood at -13.6%.

In value terms, Mauritania ($X) emerged as the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Morocco, comprising 83% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mauritania amounted to -12.5%.

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, reducing by -37.3% against the previous year. In general, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 55%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mauritania amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+1.3%), while the prices for the other major destinations experienced a decline.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Morocco

In 2022, purchases abroad of malt extract and food preparations of flour, meal, and starches increased by 5.3% to X tons, rising for the eighth year in a row after two years of decline. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 94% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of malt extract and food preparations of flour, meal, and starches surged to $X in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 66%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Belgium (X tons), Lithuania (X tons) and China (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Morocco, together accounting for 61% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +164.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Spain ($X) and China ($X) constituted the largest malt extract and food preparations of flour, meal, and starch suppliers to Morocco, together accounting for 59% of total imports. Belgium, France, Egypt, Poland, the Netherlands and Germany lagged somewhat behind, together comprising a further 37%.

Belgium, with a CAGR of +121.9%, recorded 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 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, with an increase of 9.8% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for malt extract and food preparations of flour, meal, and starches increased by +45.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Lithuania ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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