Morocco: Preserved Salmon Market 2024

Preserved Salmon Market Size in Morocco

In 2021, the Moroccan preserved salmon market was finally on the rise to reach $X for the first time since 2014, thus ending a six-year declining trend. Overall, consumption, however, showed a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Preserved Salmon Production in Morocco

In value terms, preserved salmon production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a deep slump. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Preserved Salmon Exports

Exports from Morocco

In 2021, approx. X tons of salmon (prepared or preserved) were exported from Morocco; increasing by 56% on 2020 figures. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 499% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved salmon exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by 520%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for preserved salmon exports from Morocco, accounting for a 97% share of total exports. It was followed by Kuwait (X kg), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +4.2%.

In value terms, the Netherlands ($X) remains the key foreign market for salmon (prepared or preserved) exports from Morocco, comprising 82% of total exports. The second position in the ranking was held by Kuwait ($X), with a 5.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Export Prices by Country

In 2021, the average preserved salmon export price amounted to $X per ton, rising by 6.6% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+0.7%).

Preserved Salmon Imports

Imports into Morocco

In 2021, after three years of decline, there was significant growth in overseas purchases of salmon (prepared or preserved), when their volume increased by 4,442% to X tons. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved salmon imports skyrocketed to $X in 2021. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of preserved salmon to Morocco, with a 84% share of total imports. It was followed by Spain (X kg), with a 0.9% share of total imports. Norway (X kg) ranked third in terms of total imports with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +1,948.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.0% per year) and Norway (-1.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of salmon (prepared or preserved) to Morocco, comprising 53% of total imports. The second position in the ranking was held by Sweden ($X), with a 1.7% share of total imports. It was followed by Norway, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +1,350.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+3.6% per year) and Norway (-3.6% per year).

Import Prices by Country

In 2021, the average preserved salmon import price amounted to $X per ton, dropping by -54.8% against the previous year. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+37.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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