Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Morocco - 2023

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Morocco (FOB) - 2023
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Morocco (CIF) - 2022
3. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Morocco
4. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Morocco

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Morocco (FOB) - 2023

In June 2023, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $6,791 per ton, growing by 29% against the previous month. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($10,593 per ton), while the average price for exports to Denmark ($3,057 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Morocco (CIF) - 2022

The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $5,790 per ton in 2022, falling by -15.6% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds decreased by -36.6% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 67% against the previous year. Over the period under review, average import prices attained the maximum at $9,127 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 France ($14,476 per ton), while the price for Spain ($3,440 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Morocco

In 2022, the amount of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds exported from Morocco fell remarkably to 13K tons, dropping by -15.8% compared with the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of 16K tons, and then fell sharply in the following year.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds shrank to $80M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of $89M, and then contracted in the following year.

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Morocco in 2022:

1. Netherlands (9.5K tons)
2. Sweden (1.8K tons)
3. Belgium (0.7K tons)
4. Germany (0.6K tons)
5. Denmark (0.5K tons)
6. Spain (0.3K tons)

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Morocco

In 2022, supplies from abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds decreased by -67.5% to 152 tons, falling for the second consecutive year after two years of growth. In general, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 1% against the previous year. As a result, imports attained the peak of 516 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds shrank dramatically to $881K in 2022. Overall, imports saw a dramatic shrinkage. The smallest decline of -7.6% was in 2020.

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Morocco in 2022:

1. Spain (90.6 tons)
2. Egypt (17.9 tons)
3. Chile (11.5 tons)
4. Netherlands (8.8 tons)
5. Venezuela (5.1 tons)
6. Lithuania (5.0 tons)
7. France (4.3 tons)
8. Vietnam (3.1 tons)

Source: IndexBox Market Intelligence Platform