Morocco: Unmanufactured Tobacco Market 2024

Unmanufactured Tobacco Market Size in Morocco

In 2022, the Moroccan unmanufactured tobacco market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Unmanufactured Tobacco Production in Morocco

In value terms, unmanufactured tobacco production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2014 when the production volume increased by 66%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average unmanufactured tobacco yield in Morocco declined to X tons per ha, almost unchanged from 2021. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by 3.3% against the previous year. Over the period under review, the average unmanufactured tobacco yield reached the peak level at X tons per ha in 2014; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The unmanufactured tobacco harvested area in Morocco was estimated at X ha in 2022, standing approx. at 2021 figures. Overall, the harvested area, however, saw a mild decline. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 7.4% against the previous year. The unmanufactured tobacco harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Unmanufactured Tobacco Exports

Exports from Morocco

In 2022, exports of tobacco (unmanufactured) from Morocco skyrocketed to X tons, jumping by 81% against 2021 figures. Over the period under review, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 169%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, unmanufactured tobacco exports surged to $X in 2022. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 255% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for unmanufactured tobacco exports from Morocco, accounting for a 69% share of total exports. Moreover, unmanufactured tobacco exports to Cote d'Ivoire exceeded the volume sent to the second major destination, France (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to +36.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-12.9% per year) and Taiwan (Chinese) (-6.8% per year).

In value terms, Cote d'Ivoire ($X), France ($X) and Taiwan (Chinese) ($X) were the largest markets for unmanufactured tobacco exported from Morocco worldwide, with a combined 99.9% share of total exports.

Cote d'Ivoire, with a CAGR of +25.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average unmanufactured tobacco export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 67%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.3%), while the prices for the other major destinations experienced a decline.

Unmanufactured Tobacco Imports

Imports into Morocco

In 2022, supplies from abroad of tobacco (unmanufactured) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a perceptible setback. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, unmanufactured tobacco imports surged to $X in 2022. Overall, imports, however, continue to indicate a abrupt decline. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of unmanufactured tobacco to Morocco, with a 49% share of total imports. Moreover, unmanufactured tobacco imports from Brazil exceeded the figures recorded by the second-largest supplier, Malawi (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malawi (+7.0% per year) and China (+3.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of tobacco (unmanufactured) to Morocco, comprising 36% of total imports. The second position in the ranking was held by Malawi ($X), with a 17% share of total imports. It was followed by China, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malawi (+9.7% per year) and China (+12.3% per year).

Import Prices by Country

The average unmanufactured tobacco import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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