Cereals; Millet Price in Morocco - 2022
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Cereals; Millet Price in Morocco (CIF) - 2022
In 2022, the average cereals; millet import price amounted to $487 per ton, picking up by 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 an increase of 5.9% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($1,119 per ton), while the price for India stood at $174 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+11.8%), while the prices for the other major suppliers experienced a decline.
Cereals; Millet Imports in Morocco
For the fourth year in a row, Morocco recorded growth in purchases abroad of cereals; millets, which increased by 7.6% to 9K tons in 2022. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 7.6% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, cereals; millet imports expanded significantly to $4.4M in 2022. The total import value increased at an average annual rate of +11.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Cereals; Millet in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ukraine | 2.1 | 2.4 | 2.9 | 3.3 | 16.3% |
India | 1.1 | 1.1 | 1.1 | 1.0 | -3.1% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 3.2 | 3.5 | 3.9 | 4.4 | 11.2% |
Top Suppliers of Cereals; Millet to Morocco in 2022:
- India (6.0K tons)
- Ukraine (3.0K tons)
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