Morocco: Soya Bean Market 2025

Soya Bean Market Size in Morocco

The Moroccan soya bean market shrank notably to $X in 2021, waning by -58.1% against the previous year. In general, consumption faced a deep setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Soya Bean Production in Morocco

In value terms, soya bean production dropped modestly to $X in 2021 estimated in export price. In general, production saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 10%. Soya bean production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of soya beans in Morocco was estimated at X kg per ha in 2021, remaining constant against the year before. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by 1.7% against the previous year. Over the period under review, the average soya bean yield hit record highs at X ton per ha in 2016; however, from 2017 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of soya beans in Morocco fell modestly to X ha, remaining stable against 2020 figures. In general, the harvested area showed a pronounced descent. The pace of growth was the most pronounced in 2019 when the harvested area increased by 2.2%. Over the period under review, the harvested area dedicated to soya bean production reached the maximum at X ha in 2016; however, from 2017 to 2021, the harvested area remained at a lower figure.

Soya Bean Exports

Exports from Morocco

Soya bean exports from Morocco skyrocketed to X tons in 2021, jumping by 20% against the year before. Overall, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, soya bean exports soared to $X in 2021. In general, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons) was the main destination for soya bean exports from Morocco, accounting for a 99% share of total exports. It was followed by France (X kg), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-81.6% per year) and Spain (-42.4% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for soya bean exports from Morocco, comprising 99% of total exports. The second position in the ranking was taken by France ($X), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-79.8% per year) and Spain (-40.0% per year).

Export Prices by Country

The average soya bean export price stood at $X per ton in 2021, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+202.4%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Bean Imports

Imports into Morocco

In 2021, the amount of soya beans imported into Morocco dropped notably to X tons, reducing by -69.2% compared with the previous year's figure. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 254% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, soya bean imports shrank dramatically to $X in 2021. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 258% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), the United States (X tons) and Argentina (X tons) were the main suppliers of soya bean imports to Morocco, together accounting for 98% of total imports. Canada lagged somewhat behind, comprising a further 1.7%.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +32.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest soya bean suppliers to Morocco were the United States ($X), Brazil ($X) and Argentina ($X), together accounting for 97% of total imports. Canada lagged somewhat behind, comprising a further 2.9%.

Canada, with a CAGR of +35.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average soya bean import price stood at $X per ton in 2021, rising by 52% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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