Morocco: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Morocco

The Moroccan spirits and liqueurs market soared to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Spirits And Liqueurs Exports

Exports from Morocco

In 2022, the amount of spirits, liqueurs and other spirituous beverages exported from Morocco reduced to X litres, dropping by X% compared with 2021. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at X litres in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, spirits and liqueurs exports surged to $X in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X litres) was the main destination for spirits and liqueurs exports from Morocco, with a X% share of total exports. It was followed by Spain (X litres), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France stood at X%.

In value terms, France ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France amounted to X%.

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, surging by X% against the previous year. In general, the export price posted a significant expansion. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per litre), while the average price for exports to France totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%).

Spirits And Liqueurs Imports

Imports into Morocco

In 2022, imports of spirits, liqueurs and other spirituous beverages into Morocco surged to X litres, picking up by X% on 2021. In general, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs imports surged to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X litres), France (X litres) and Spain (X litres) were the main suppliers of spirits and liqueurs imports to Morocco, together accounting for X% of total imports. Bulgaria, Italy, the United States, Sweden and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Morocco, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, average import prices attained the maximum at $X per litre in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Poland ($X per litre), while the price for Bulgaria ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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