Morocco: Molluscs Market 2024

Molluscs Market Size in Morocco

The Moroccan molluscs market contracted remarkably to $X in 2021, dropping by -59.9% against the previous year. Overall, consumption recorded a abrupt contraction. Molluscs consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Molluscs Production in Morocco

In value terms, molluscs production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 17%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Molluscs Exports

Exports from Morocco

In 2021, shipments abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) increased by 1.8% to X tons, rising for the third year in a row after two years of decline. Overall, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.9% against 2018 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 45%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, molluscs exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for molluscs exports from Morocco, with a 64% share of total exports. Moreover, molluscs exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.0% per year) and Japan (-7.1% per year).

In value terms, Spain ($X) remains the key foreign market for molluscs (scallops, mussels, cuttle fish, squid and octopus) exports from Morocco, comprising 65% of total exports. The second position in the ranking was held by Italy ($X), with a 24% share of total exports. It was followed by Japan, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+15.3% per year) and Japan (-2.8% per year).

Export Prices by Country

The average molluscs export price stood at $X per ton in 2021, increasing by 49% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Thailand ($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 Japan (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Molluscs Imports

Imports into Morocco

In 2021, approx. X tons of molluscs (scallops, mussels, cuttle fish, squid and octopus) were imported into Morocco; rising by 68% on the previous year. In general, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, molluscs imports surged to $X in 2021. Over the period under review, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Falkland Islands (Malvinas) (X tons), Peru (X tons) and China (X tons) were the main suppliers of molluscs imports to Morocco, with a combined 83% share of total imports. These countries were followed by Spain, New Zealand, Chile and the UK, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +102.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Falkland Islands (Malvinas) ($X) constituted the largest supplier of molluscs (scallops, mussels, cuttle fish, squid and octopus) to Morocco, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Peru, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Falkland Islands (Malvinas) stood at +56.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.2% per year) and Peru (+36.0% per year).

Import Prices by Country

In 2021, the average molluscs import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Peru ($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 (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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