Morocco: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Morocco

The Moroccan market for powdered, condensed or evaporated milk surged to $X in 2022, growing by X% 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). In general, consumption saw buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Morocco

In 2022, powdered, condensed or evaporated milk exports from Morocco contracted sharply to X tons, shrinking by X% on the previous year. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk exports contracted to $X in 2022. Over the period under review, exports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for powdered, condensed or evaporated milk exports from Morocco, accounting for a X% share of total exports. It was followed by Niger (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar stood at X%.

In value terms, Qatar ($X) remains the key foreign market for powdered, condensed or evaporated milk exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled X%.

Export Prices by Country

The average export price for powdered, condensed or evaporated milk stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price showed strong growth. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Morocco

In 2022, approx. X tons of powdered, condensed or evaporated milk were imported into Morocco; jumping by X% compared with the previous year's figure. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, powdered, condensed or evaporated milk imports soared to $X in 2022. In general, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of powdered, condensed or evaporated milk imports to Morocco, with a combined X% share of total imports. The Netherlands, Ireland, the UK, Germany, Lithuania, Spain, the United States and Canada lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered, condensed or evaporated milk suppliers to Morocco were France ($X), Belgium ($X) and Poland ($X), with a combined X% share of total imports. The Netherlands, Ireland, the UK, Germany, Lithuania, the United States, Spain and Canada lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Ireland, with a CAGR of X%, saw 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

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, condensed or evaporated milk import price increased by X% against 2018 indices. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per ton) and the United States ($X per ton), while the price for Spain ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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