Morocco: Piper Pepper Market 2024

Piper Pepper Market Size in Morocco

The Moroccan piper pepper market soared to $X in 2022, picking up by 51% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded significant growth. Piper pepper consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Piper Pepper Exports

Exports from Morocco

In 2022, the amount of piper pepper exported from Morocco soared to X tons, with an increase of 87% against the previous year. In general, exports showed a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of 313% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, piper pepper exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 when exports increased by 133%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for piper pepper exports from Morocco, with a 85% share of total exports. Moreover, piper pepper exports to Australia exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. The third position in this ranking was held by Lebanon (X tons), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+217.8% per year) and Lebanon (-1.8% per year).

In value terms, Australia ($X) remains the key foreign market for piper pepper exports from Morocco, comprising 86% of total exports. The second position in the ranking was taken by Sweden ($X), with a 5.4% share of total exports. It was followed by Lebanon, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+139.8% per year) and Lebanon (-5.8% per year).

Export Prices by Country

The average piper pepper export price stood at $X per ton in 2022, dropping by -17.5% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 61% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.7%), while the prices for the other major destinations experienced a decline.

Piper Pepper Imports

Imports into Morocco

In 2022, approx. X tons of piper pepper were imported into Morocco; increasing by 39% on the previous year's figure. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 1,144% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, piper pepper imports skyrocketed to $X in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 517% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main piper pepper supplier to Morocco, with a 93% share of total imports. Moreover, piper pepper imports from Brazil exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at +71.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+6.4% per year) and Madagascar (-50.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of piper pepper to Morocco, comprising 90% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 8.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +84.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+17.9% per year) and Madagascar (-50.9% per year).

Import Prices by Country

The average piper pepper import price stood at $X per ton in 2022, increasing by 22% against the previous year. Over the period under review, the import price showed a tangible expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 124%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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