Bovine Animals; Live Price in Morocco - 2022
Contents:
Bovine Animals; Live Price in Morocco (CIF) - 2022
In December 2022, the average bovine animals; live import price amounted to $1,449 per unit, growing by 32% against the previous month. Over the period under review, import price indicated a noticeable expansion from December 2021 to December 2022: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, bovine animals; live import price decreased by -6.9% against October 2022 indices. The growth pace was the most rapid in October 2022 an increase of 53% month-to-month. As a result, import price reached the peak level of $1,556 per unit; afterwards, it flattened through to December 2022.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($1,743 per unit), while the price for Spain totaled $955 per unit.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced a decline.
Bovine Animals; Live Imports in Morocco
In 2022, bovine animals; live imports into Morocco shrank dramatically to 22K units, declining by -60.8% compared with 2021 figures. Over the period under review, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. Over the period under review, imports attained the peak figure at 60K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, bovine animals; live imports reduced sharply to $27M in 2022. Overall, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. As a result, imports attained the peak of $60M, and then shrank sharply in the following year.
| Import of Bovine Animals; Live in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.6 | 7.0 | 12.2 | 12.0 | 16.4% |
| France | 11.9 | 8.3 | 9.9 | 7.9 | -12.8% |
| Germany | 5.8 | 7.1 | 5.6 | 6.9 | 6.0% |
| Portugal | 1.8 | 0.2 | 0.1 | 0.2 | -51.9% |
| United States | 2.4 | 2.2 | 2.2 | N/A | -4.3% |
| Others | 29.2 | 25.2 | 30.1 | 0.4 | -76.1% |
| Total | 58.7 | 50.0 | 60.1 | 27.4 | -22.4% |
Top Suppliers of Bovine Animals; Live to Morocco in 2022:
- Spain (12.6K units)
- France (5.6K units)
- Germany (4.0K units)
- Portugal (0.1K units)
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