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Morocco - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in Morocco - 2022
Contents:
- Frozen Fish Meat Price in Morocco (CIF) - 2022
- Frozen Fish Meat Price in Morocco (FOB) - 2022
- Frozen Fish Meat Imports in Morocco
- Frozen Fish Meat Exports in Morocco
Frozen Fish Meat Price in Morocco (CIF) - 2022
The average frozen fish meat import price stood at $3,380 per ton in 2022, growing by 34% against the previous year. Over the period under review, import price indicated a prominent increase from 2015 to 2022: its price increased at an average annual rate of +9.5% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 52%. Over the period under review, average import prices attained the maximum at $3,595 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($4,577 per ton), while the price for Vietnam ($3,298 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Meat Price in Morocco (FOB) - 2022
In December 2022, the average frozen fish meat export price amounted to $1,958 per ton, growing by 3.2% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when the average export price increased by 91% month-to-month. As a result, the export price attained the peak level of $3,561 per ton. From April 2022 to December 2022, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for France.
From January 2022 to December 2022, the rate of growth in terms of prices for France amounted to +0.4% per month.
Frozen Fish Meat Imports in Morocco
In 2022, overseas purchases of frozen fish meat decreased by -65.9% to 47 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 78% against the previous year. As a result, imports reached the peak of 158 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, frozen fish meat imports contracted markedly to $159K in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year. As a result, imports attained the peak of $462K. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Frozen Fish Meat in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 121 | 64.8 | 201 | 149 | 7.2% |
France | 6.2 | N/A | N/A | 4.9 | -7.5% |
Spain | N/A | N/A | 129 | 1.9 | -98.5% |
Norway | N/A | 52.1 | N/A | N/A | 0% |
China | 84.0 | 333 | 2.9 | N/A | -81.4% |
Others | 27.8 | 12.1 | 13.1 | 3.0 | -52.4% |
Total | 239 | 462 | 347 | 159 | -12.7% |
Top Suppliers of Frozen Fish Meat to Morocco in 2022:
- Vietnam (45.2 tons)
- France (1.1 tons)
- Spain (0.5 tons)
Frozen Fish Meat Exports in Morocco
In 2022, the amount of frozen fish meat exported from Morocco surged to 414 tons, with an increase of 3,932% against the previous year. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish meat exports surged to $769K in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Frozen Fish Meat in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 0.8 | 36.5 | 22.1 | 761 | 883.5% |
Spain | N/A | 108 | N/A | 7.6 | -73.5% |
United States | 60.9 | N/A | N/A | N/A | 0% |
Others | N/A | 0.5 | N/A | N/A | 0% |
Total | 61.7 | 145 | 22.1 | 769 | 131.9% |
Top Export Markets for Frozen Fish Meat from Morocco in 2022:
- United States (undefined tons)
- France (410.4 tons)
- Spain (3.3 tons)
This report provides an in-depth analysis of the frozen fish meat market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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