Morocco: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Morocco

In 2021, the Moroccan sweet biscuit market decreased by -16.2% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, saw a significant expansion. Sweet biscuit consumption peaked at $X in 2020, and then reduced notably in the following year.

Sweet Biscuit Exports

Exports from Morocco

In 2021, overseas shipments of sweet biscuits decreased by -9.8% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 65% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, sweet biscuit exports reached $X in 2021. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 81% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Mauritania (X tons) was the main destination for sweet biscuit exports from Morocco, with a 56% share of total exports. Moreover, sweet biscuit exports to Mauritania exceeded the volume sent to the second major destination, Turkey (X tons), fivefold. The third position in this ranking was taken by Oman (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mauritania totaled +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+6.0% per year) and Oman (+51.3% per year).

In value terms, Mauritania ($X) remains the key foreign market for sweet biscuits exports from Morocco, comprising 52% of total exports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total exports. It was followed by Tunisia, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mauritania amounted to +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+8.6% per year) and Tunisia (+34.4% per year).

Export Prices by Country

In 2021, the average sweet biscuit export price amounted to $X per ton, with an increase of 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Oman ($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 the United States (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Morocco

After five years of growth, overseas purchases of sweet biscuits decreased by -20.1% to X tons in 2021. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 116%. Imports peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, sweet biscuit imports declined to $X in 2021. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 84%. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest sweet biscuit supplier to Morocco, accounting for a 60% share of total imports. Moreover, sweet biscuit imports from Spain exceeded the figures recorded by the second-largest supplier, Tunisia (X tons), sixfold. The third position in this ranking was taken by Egypt (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +41.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+19.4% per year) and Egypt (+12.9% per year).

In value terms, Spain ($X) constituted the largest supplier of sweet biscuits to Morocco, comprising 57% of total imports. The second position in the ranking was taken by Tunisia ($X), with a 7% share of total imports. It was followed by Egypt, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+15.1% per year) and Egypt (+10.0% per year).

Import Prices by Country

The average sweet biscuit import price stood at $X per ton in 2021, with an increase of 8.4% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2013 an increase of 8.6% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :