Morocco: Peanut Butter Market 2025

Peanut Butter Market Size in Morocco

The Moroccan peanut butter market expanded remarkably to $X in 2022, rising by 5.3% against the previous year. Over the period under review, consumption recorded a strong increase. Peanut butter consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Peanut Butter Production in Morocco

In value terms, peanut butter production totaled $X in 2022 estimated in export price. In general, production enjoyed a strong increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 69%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Peanut Butter Exports

Exports from Morocco

In 2022, shipments abroad of peanut butter and prepared or preserved groundnuts was finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed a significant expansion. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, peanut butter exports skyrocketed to $X in 2022. Overall, exports saw a significant expansion. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for peanut butter exports from Morocco, accounting for a 99% share of total exports. It was followed by Turkey (X kg), with a 0.4% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to the UK totaled +299.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-92.1% per year) and France (-87.4% per year).

In value terms, the UK ($X) remains the key foreign market for peanut butter and prepared or preserved groundnuts exports from Morocco, comprising 99% of total exports. The second position in the ranking was held by Turkey ($X), with a 0.2% share of total exports.

From 2015 to 2022, the average annual growth rate of value to the UK totaled +239.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-90.0% per year) and France (-90.8% per year).

Export Prices by Country

In 2022, the average peanut butter export price amounted to $X per ton, dropping by -19.2% against the previous year. Overall, the export price faced a precipitous decline. The pace of growth was the most pronounced in 2021 an increase of 101%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+26.7%), while the prices for the other major destinations experienced a decline.

Peanut Butter Imports

Imports into Morocco

For the sixth consecutive year, Morocco recorded growth in overseas purchases of peanut butter and prepared or preserved groundnuts, which increased by 7.9% to X tons in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 77% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, peanut butter imports shrank to $X in 2022. In general, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 62% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Spain (X tons), India (X tons) and Germany (X tons) were the main suppliers of peanut butter imports to Morocco, together comprising 76% of total imports. Poland, France, Belgium, Egypt, China and the UK lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +236.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest peanut butter suppliers to Morocco were Spain ($X), India ($X) and Germany ($X), with a combined 70% share of total imports. Poland, France, Belgium, Egypt, China and the UK lagged somewhat behind, together accounting for a further 19%.

Poland, with a CAGR of +207.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average peanut butter import price stood at $X per ton in 2022, waning by -15.2% against the previous year. In general, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 30%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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