Morocco: Smoked Salmon Market 2024

Smoked Salmon Market Size in Morocco

The Moroccan smoked salmon market soared to $X in 2022, with an increase of 16% against the previous year. In general, consumption, however, showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Smoked Salmon Production in Morocco

In value terms, smoked salmon production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Smoked salmon production peaked in 2022 and is expected to retain growth in years to come.

Smoked Salmon Exports

Exports from Morocco

In 2022, approx. X tons of smoked pacific, atlantic and danube salmon were exported from Morocco; jumping by 181% on 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 38,214%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, smoked salmon exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 41,460% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tons) was the main destination for smoked salmon exports from Morocco, with a 88% share of total exports. It was followed by Tunisia (X tons), with a 2.2% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to France stood at +62.9%.

In value terms, France ($X) remains the key foreign market for smoked pacific, atlantic and danube salmon exports from Morocco, comprising 86% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 2.5% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to France stood at +70.7%.

Export Prices by Country

The average smoked salmon export price stood at $X per ton in 2022, with an increase of 15% against the previous year. In general, the export price showed a measured expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 180%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Salmon Imports

Imports into Morocco

Smoked salmon imports into Morocco expanded sharply to X tons in 2022, increasing by 7% against the previous year's figure. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2013 when imports increased by 140% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, smoked salmon imports rose markedly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.5% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 83% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest smoked salmon supplier to Morocco, with a 58% share of total imports. Moreover, smoked salmon imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+230.4% per year) and Germany (-32.5% per year).

In value terms, France ($X) constituted the largest supplier of smoked pacific, atlantic and danube salmon to Morocco, comprising 61% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports. It was followed by Germany, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+220.5% per year) and Germany (-26.4% per year).

Import Prices by Country

The average smoked salmon import price stood at $X per ton in 2022, rising by 6.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 52%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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