Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Morocco - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Morocco (FOB) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Morocco (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Morocco
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Morocco
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Morocco (FOB) - 2023
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $3,998 per ton in December 2022, surging by 4.7% against the previous month. Over the period from June 2022 to December 2022, it increased at an average monthly rate of +4.9%. The pace of growth appeared the most rapid in July 2022 when the average export price increased by 18% month-to-month. The export price peaked in December 2022.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Germany ($4,344 per ton), while the average price for exports to Chile ($2,763 per ton) was amongst the lowest.
From June 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Morocco (CIF) - 2022
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $3,348 per ton in 2022, reducing by -34.7% against the previous year. Over the period under review, the import price, however, showed a resilient increase. The growth pace was the most rapid in 2013 an increase of 244%. As a result, import price attained the peak level of $5,815 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +8.1% per year.
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Morocco
In 2022, approx. 50K tons of fats and oils and their fractions; of fish, (excluding liver-oils)s were exported from Morocco; increasing by 67% against 2021. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $159M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 15.4 | 9.5 | 18.3 | 44.1 | 42.0% |
| France | 12.6 | 21.9 | 12.4 | 27.6 | 29.9% |
| China | 4.8 | 9.5 | 1.4 | 27.2 | 78.3% |
| Norway | 6.9 | 7.5 | 7.0 | 24.7 | 53.0% |
| Chile | 3.9 | 4.5 | 2.7 | 8.9 | 31.7% |
| Denmark | N/A | 1.4 | 1.5 | 6.8 | 120.4% |
| Iceland | N/A | 2.6 | 3.8 | 4.3 | 28.6% |
| Spain | 2.7 | 3.1 | 4.0 | 1.4 | -19.7% |
| Netherlands | 10.4 | 15.6 | 6.6 | 0.7 | -59.3% |
| Malaysia | 2.2 | 1.2 | N/A | 0.4 | -43.3% |
| Others | 4.5 | 10.2 | 7.7 | 13.4 | 43.9% |
| Total | 63.4 | 87.1 | 65.3 | 159 | 35.9% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Morocco in 2022:
- Peru (11.3K tons)
- France (8.2K tons)
- Norway (7.9K tons)
- Chile (7.7K tons)
- China (7.0K tons)
- Denmark (2.0K tons)
- Iceland (1.1K tons)
- Spain (0.5K tons)
- Netherlands (0.3K tons)
- Malaysia (0.2K tons)
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Morocco
In 2022, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s into Morocco soared to 1.2K tons, jumping by 2,732% against 2021 figures. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $4M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.1 | N/A | N/A | 4.0 | 242.0% |
| Thailand | 0.4 | 1.2 | N/A | N/A | 200.0% |
| Peru | 0.1 | N/A | N/A | N/A | 0% |
| Georgia | N/A | 0.1 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 0.7 | 1.4 | 0.2 | 4.0 | 78.8% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Morocco in 2022:
- Turkey (1197.1 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Morocco.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Morocco.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
