Morocco: Preserved Sardines Market 2024

Preserved Sardines Market Size in Morocco

The Moroccan preserved sardines market fell remarkably to $X in 2022, with a decrease of -22.3% against the previous year. Over the period under review, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Preserved Sardines Production in Morocco

In value terms, preserved sardines production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 10% against the previous year. Preserved sardines production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Preserved Sardines Exports

Exports from Morocco

In 2022, exports of sardines (prepared or preserved) from Morocco expanded markedly to X tons, growing by 7.4% against 2021 figures. The total export volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 12% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, preserved sardines exports surged to $X in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), the United States (X tons) and the UK (X tons) were the main destinations of preserved sardines exports from Morocco, together comprising 24% of total exports. The Netherlands, Nigeria, Gabon, Mauritania, Democratic Republic of the Congo, Ghana, Germany, Angola, Cote d'Ivoire and Spain lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +18.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved sardines exported from Morocco were the United States ($X), France ($X) and the UK ($X), with a combined 30% share of total exports. The Netherlands, Nigeria, Germany, Democratic Republic of the Congo, Gabon, Mauritania, Ghana, Spain, Cote d'Ivoire and Angola lagged somewhat behind, together accounting for a further 37%.

The Netherlands, with a CAGR of +17.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average preserved sardines export price amounted to $X per ton, with an increase of 8.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

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 the United States ($X per ton), while the average price for exports to Angola ($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 Mauritania (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sardines Imports

Imports into Morocco

In 2022, the amount of sardines (prepared or preserved) imported into Morocco skyrocketed to X tons, with an increase of 130% compared with 2021 figures. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 77,794%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved sardines imports skyrocketed to $X in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 27,075%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), the UK (X tons) and South Africa (X tons) were the main suppliers of preserved sardines imports to Morocco, with a combined 87% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +113.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest preserved sardines suppliers to Morocco were Spain ($X), the UK ($X) and Germany ($X), with a combined 80% share of total imports.

Among the main suppliers, Spain, with a CAGR of +96.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved sardines import price stood at $X per ton in 2022, declining by -17.8% against the previous year. In general, the import price showed a deep downturn. The growth pace was the most rapid in 2021 an increase of 59% against the previous year. The import price peaked 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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+63.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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