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Morocco - Olive Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOlive Oil Price in Morocco - 2021
Contents:
- Olive Oil Price in Morocco (FOB) - 2021
- Olive Oil Price in Morocco (CIF) - 2021
- Olive Oil Exports in Morocco
- Olive Oil Imports in Morocco
Olive Oil Price in Morocco (FOB) - 2021
The average olive oil export price stood at $4,323 per ton in December 2021, picking up by 16% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2021 an increase of 98% month-to-month. As a result, the export price reached the peak level of $11,023 per ton. From September 2021 to December 2021, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($24,014 per ton), while the average price for exports to Spain ($2,214 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Olive Oil Price in Morocco (CIF) - 2021
The average olive oil import price stood at $3,497 per ton in December 2021, dropping by -6.4% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in April 2021 an increase of 28% m-o-m. Over the period under review, average import prices reached the maximum at $4,228 per ton in August 2021; however, from September 2021 to December 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Italy ($32,056 per ton), while the price for Spain totaled $3,455 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Olive Oil Exports in Morocco
In 2022, the amount of olive oil and its fractions exported from Morocco dropped to 12K tons, waning by -12.3% on 2021. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 32%.
In value terms, olive oil exports dropped dramatically to $48M in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, the exports reached the peak of $61M, and then declined remarkably in the following year.
Export of Olive Oil in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 16.4 | 17.6 | 34.3 | 22.0 | 10.3% |
Spain | 26.7 | 4.6 | 9.9 | 12.7 | -21.9% |
Italy | 5.9 | 2.4 | 1.0 | 3.0 | -20.2% |
Netherlands | 2.0 | 2.9 | 2.9 | 2.3 | 4.8% |
Canada | 1.4 | 1.3 | 2.5 | 1.6 | 4.6% |
France | 2.0 | 1.1 | 2.4 | 1.6 | -7.2% |
Belgium | 0.5 | 1.4 | 2.3 | 1.5 | 44.2% |
Others | 4.3 | 4.2 | 5.2 | 3.5 | -6.6% |
Total | 59.2 | 35.5 | 60.6 | 48.1 | -6.7% |
Top Export Markets for Olive Oil from Morocco in 2022:
- Spain (5.3K tons)
- United States (3.4K tons)
- Italy (1.0K tons)
- Netherlands (0.5K tons)
- Canada (0.3K tons)
- France (0.3K tons)
- Belgium (0.3K tons)
Olive Oil Imports in Morocco
In 2022, supplies from abroad of olive oil and its fractions decreased by -8.5% to 2.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year.
In value terms, olive oil imports declined rapidly to $8.1M in 2022. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 67%. As a result, imports reached the peak of $10M, and then shrank markedly in the following year.
Import of Olive Oil in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Tunisia | 0.1 | 3.2 | 5.1 | 4.0 | 242.0% |
Spain | 4.7 | 2.8 | 4.7 | 3.8 | -6.8% |
Italy | N/A | 0.1 | 0.4 | 0.3 | 73.2% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 4.9 | 6.1 | 10.2 | 8.1 | 18.2% |
Top Suppliers of Olive Oil to Morocco in 2022:
- Tunisia (1559.9 tons)
- Spain (1256.7 tons)
- Italy (71.2 tons)
This report provides an in-depth analysis of the olive oil 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:
- FCL 261 - Oil of Olives, Virgin
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
This report provides an in-depth analysis of the olive oil market in Morocco.
This report provides an in-depth analysis of the virgin olive oil market in Morocco.
This report provides an in-depth analysis of the refined olive oil market in Morocco.
This report provides an in-depth analysis of the global olive oil market.
This report provides an in-depth analysis of the global virgin olive oil market.
This report provides an in-depth analysis of the global refined olive oil market.
This report provides an in-depth analysis of the olive oil market in Morocco.
This report provides an in-depth analysis of the virgin olive oil market in Morocco.
This report provides an in-depth analysis of the refined olive oil market in Morocco.
This report provides an in-depth analysis of the global olive oil market.
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