Report Update Nov 1, 2024

Morocco - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Sugar Beet Market 2024

Sugar Beet Market Size in Morocco

The Moroccan sugar beet market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Sugar Beet Production in Morocco

In value terms, sugar beet production fell notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of 1,283%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of sugar beet in Morocco expanded rapidly to X tons per ha in 2022, with an increase of 6% compared with 2021. Overall, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by 8.7% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average sugar beet yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of sugar beet were harvested in Morocco; growing by 14% against the year before. Overall, the total harvested area indicated a strong expansion from 2012 to 2022: its figure increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar beet harvested area decreased by -10.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 42%. Over the period under review, the harvested area dedicated to sugar beet production attained the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Sugar Beet Exports

Exports from Morocco

In 2019, shipments abroad of sugar beet decreased by 0% to X kg for the first time since 2016, thus ending a two-year declining trend. In general, exports saw a dramatic shrinkage. The smallest decline of 99.9% was in 2017. The exports peaked at X kg in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

In value terms, sugar beet exports stood at $X in 2019. Over the period under review, exports continue to indicate a precipitous slump. The smallest decline of 99.9% was in 2017. The exports peaked at $X in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

Exports by Country

Mali (X kg) was the main destination for sugar beet exports from Morocco, with a 95% share of total exports. It was followed by the United Arab Emirates (X kg), with a 2.4% share of total exports.

From 2016 to 2019, the average annual rate of growth in terms of volume to Mali was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Germany (0.0% per year).

From 2016 to 2019, the average annual rate of growth in terms of value to Mali was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Germany (0.0% per year).

Export Prices by Country

The average sugar beet export price stood at $X per ton in 2019, remaining stable against the previous year. In general, the export price recorded a modest increase. The most prominent rate of growth was recorded in 2017 a decrease of 99.9%. Over the period under review, the average export prices hit record highs in 2019 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2016 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Beet Imports

Imports into Morocco

In 2022, approx. X kg of sugar beet were imported into Morocco; approximately mirroring 2021 figures. Over the period under review, imports saw a precipitous contraction. The smallest decline of 99.9% was in 2017. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar beet imports soared to $X in 2022. In general, imports showed a deep reduction. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X kg) was the main supplier of sugar beet to Morocco, accounting for a approx. 100% share of total imports.

From 2014 to 2022, the average annual rate of growth in terms of volume from China stood at -9.4%.

In value terms, China ($X) constituted the largest supplier of sugar beet to Morocco.

From 2014 to 2022, the average annual growth rate of value from China stood at +19.6%.

Import Prices by Country

The average sugar beet import price stood at $X per ton in 2022, picking up by 568% against the previous year. Over the period under review, the import price posted significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2014 to 2022, the rate of growth in terms of prices for China amounted to +32.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sugar beet in the world?

The countries with the highest volumes of sugar beet consumption in 2020 were Russia, the United States and Germany, with a combined 37% share of global consumption. These countries were followed by France, Turkey, Poland, Egypt, China, Ukraine, the Netherlands, Iran, the UK and Belgium, which together accounted for a further 48%.

What are the largest producers of sugar beet in the world?

The countries with the highest volumes of sugar beet production in 2020 were Russia, the United States and Germany, together comprising 37% of global production. France, Turkey, Poland, Egypt, China, Ukraine, the Netherlands, Iran, the UK and Belgium lagged somewhat behind, together comprising a further 48%.

What are the leading suppliers of sugar beet to Morocco?

In value terms, Spain constituted the largest supplier of sugar beet to Morocco.

What is the average export price for sugar beet in Morocco?

In 2019, the average sugar beet export price amounted to $3,000 per ton, stabilizing at the previous year.

What is the average import price for sugar beet in Morocco?

The average sugar beet import price stood at $188 per ton in 2016, remaining stable against the previous year.

This report provides an in-depth analysis of the sugar beet market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 157 - Sugar beet

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023