Report Update Nov 1, 2024

Morocco - Frozen Norway Lobsters - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Morocco

The Moroccan frozen norway lobster market soared to $X in 2022, increasing by 8,146% against the previous year. Overall, consumption saw a significant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Frozen Norway Lobster Production in Morocco

In value terms, frozen norway lobster production declined modestly to $X in 2022 estimated in export price. In general, production posted resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 397% against the previous year. Frozen norway lobster production peaked at $X in 2021, and then dropped modestly in the following year.

Frozen Norway Lobster Exports

Exports from Morocco

In 2022, approx. X tons of frozen norway lobsters were exported from Morocco; picking up by 4% on the year before. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 378% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, frozen norway lobster exports declined to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 352%. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Spain (X tons) was the main destination for frozen norway lobster exports from Morocco, with a approx. 100% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to Spain stood at +61.7%.

In value terms, Spain ($X) also remains the key foreign market for frozen norway lobsters exports from Morocco.

From 2015 to 2022, the average annual growth rate of value to Spain amounted to +73.4%.

Export Prices by Country

In 2022, the average frozen norway lobster export price amounted to $X per ton, shrinking by -4.7% against the previous year. In general, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2015 to 2022, the rate of growth in terms of prices for Spain amounted to +7.2% per year.

Frozen Norway Lobster Imports

Imports into Morocco

In 2022, approx. X tons of frozen norway lobsters were imported into Morocco; growing by 311% compared with 2021. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 499%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen norway lobster imports surged to $X in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of 706% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Argentina (X tons) constituted the largest frozen norway lobster supplier to Morocco, accounting for a 61% share of total imports. Moreover, frozen norway lobster imports from Argentina exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The third position in this ranking was held by Spain (X tons), with an 8% share.

From 2015 to 2022, the average annual growth rate of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (0.0% per year) and Spain (+39.6% per year).

In value terms, Argentina ($X) constituted the largest supplier of frozen norway lobsters to Morocco, comprising 63% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 20% share of total imports. It was followed by Spain, with a 7.2% share.

From 2015 to 2022, the average annual rate of growth in terms of value from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (0.0% per year) and Spain (+34.5% per year).

Import Prices by Country

The average frozen norway lobster import price stood at $X per ton in 2022, surging by 9% against the previous year. Over the last seven years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mauritania ($X per ton) and France ($X per ton), while the price for Indonesia ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for norway lobstersi, even smoked, frozen in the world?

China constituted the country with the largest volume of norway lobstersi, even smoked, frozen consumption, comprising approx. 18% of total volume. Moreover, norway lobstersi, even smoked, frozen consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.7% share.

What are the largest producers of norway lobstersi, even smoked, frozen in the world?

China constituted the country with the largest volume of norway lobstersi, even smoked, frozen production, accounting for 18% of total volume. Moreover, norway lobstersi, even smoked, frozen production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.7% share.

What are the leading suppliers of norway lobstersi, even smoked, frozen to Morocco?

In value terms, Ecuador constituted the largest supplier of norway lobstersi, even smoked, frozen to Morocco, comprising 70% of total imports. The second position in the ranking was occupied by Argentina, with a 19% share of total imports. It was followed by Venezuela, with a 6% share.

What are the leading importers of norway lobstersi, even smoked, frozen from Morocco?

In value terms, Spain remains the key foreign market for norway lobstersi, even smoked, frozen exports from Morocco.

What is the average export price for norway lobstersi, even smoked, frozen in Morocco?

The average export price for norway lobstersi, even smoked, frozen stood at $26,268 per ton in 2020, surging by 22% against the previous year.

What is the average import price for norway lobstersi, even smoked, frozen in Morocco?

In 2020, the average import price for norway lobstersi, even smoked, frozen amounted to $12,878 per ton, falling by -19.5% against the previous year.

This report provides an in-depth analysis of the frozen norway lobster market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023