Morocco: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Morocco

The Moroccan starch manufacture residues market rose rapidly to $X in 2022, with an increase of 5.7% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Starch Manufacture Residues Production in Morocco

In value terms, starch manufacture residues production rose sharply to $X in 2022 estimated in export price. Overall, production enjoyed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 83%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Starch Manufacture Residues Exports

Exports from Morocco

In 2022, starch manufacture residues exports from Morocco was estimated at X tons, approximately equating the previous year's figure. In general, exports saw a dramatic slump. The smallest decline of 99.9% was in 2017. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, starch manufacture residues exports amounted to $X in 2022. Over the period under review, exports showed a sharp contraction. The smallest decline of 99.9% was in 2017. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons) was the main destination for starch manufacture residues exports from Morocco, with a 73% share of total exports. Moreover, starch manufacture residues exports to Bulgaria exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Bulgaria was relatively modest.

From 2014 to 2022, the average annual rate of growth in terms of value to Bulgaria was relatively modest.

Export Prices by Country

In 2022, the average starch manufacture residues export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price showed a noticeable decline. The growth pace was the most rapid in 2017 a decrease of 99.9%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Bulgaria ($X per ton), while the average price for exports to Turkey amounted to $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-6.3%).

Starch Manufacture Residues Imports

Imports into Morocco

In 2022, the amount of residues of starch manufacture imported into Morocco rose markedly to X tons, with an increase of 5.1% against 2021 figures. Overall, imports, however, recorded a perceptible descent. The growth pace was the most rapid in 2016 when imports increased by 142%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, starch manufacture residues imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 109%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest starch manufacture residues supplier to Morocco, with a 74% share of total imports. Moreover, starch manufacture residues imports from the United States exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -6.7%.

In value terms, the United States ($X) constituted the largest supplier of residues of starch manufacture to Morocco, comprising 77% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -3.0%.

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, jumping by 18% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues import price increased by +106.1% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 35%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Bulgaria stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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