Onion Price in Morocco - 2023
Contents:
- Onion Price in Morocco (FOB) - 2023
- Onion Price in Morocco (CIF) - 2022
- Onion Exports in Morocco
- Onion Imports in Morocco
Onion Price in Morocco (FOB) - 2023
The average onion export price stood at $544 per ton in June 2023, falling by -62.1% against the previous month. Overall, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in November 2022 an increase of 215% against the previous month. Over the period under review, the average export prices hit record highs at $1,630 per ton in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the Czech Republic ($663 per ton), while the average price for exports to Senegal ($199 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Price in Morocco (CIF) - 2022
In 2022, the average onion import price amounted to $321 per ton, falling by -30.1% against the previous year. In general, the import price saw a slight slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39%. Over the period under review, average import prices hit record highs at $519 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($365 per ton) and India ($355 per ton), while the price for Egypt ($301 per ton) and Spain ($307 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Exports in Morocco
In 2022, approx. 69K tons of onions (dry) were exported from Morocco; growing by 15% on 2021 figures. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 104%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, onion exports totaled $22M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Onion in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.4 | 5.3 | 8.1 | 9.4 | 20.3% |
| Mauritania | 2.8 | 3.2 | 5.0 | 3.6 | 8.7% |
| Mali | 0.9 | 2.1 | 2.2 | 3.5 | 57.3% |
| Senegal | 0.2 | 0.1 | N/A | 2.0 | 115.4% |
| Cote d'Ivoire | 0.4 | 2.9 | 3.1 | 2.0 | 71.0% |
| Burkina Faso | N/A | 0.2 | 0.3 | 0.3 | 22.5% |
| Ghana | N/A | 0.5 | 0.7 | 0.2 | -36.8% |
| Others | 0.7 | 1.3 | 0.7 | 0.7 | 0.0% |
| Total | 10.4 | 15.6 | 20.2 | 21.6 | 27.6% |
Top Export Markets for Onion from Morocco in 2022:
- Mauritania (18.7K tons)
- Mali (18.2K tons)
- Cote d'Ivoire (11.4K tons)
- Senegal (11.1K tons)
- Netherlands (6.3K tons)
- Burkina Faso (1.3K tons)
- Ghana (0.8K tons)
Onion Imports in Morocco
In 2022, approx. 1.1K tons of onions (dry) were imported into Morocco; jumping by 1,130% against 2021 figures. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 1,691% against the previous year. As a result, imports reached the peak of 3.7K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, onion imports soared to $347K in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,340% against the previous year. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Onion in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 37.1 | 1,157 | 16.1 | 223 | 81.8% |
| Netherlands | N/A | 16.2 | N/A | 76.9 | 117.9% |
| France | 25.2 | 28.5 | 18.0 | 23.8 | -1.9% |
| Egypt | 17.9 | N/A | N/A | 16.3 | -3.1% |
| India | N/A | 14.8 | 6.2 | 7.1 | -30.7% |
| Others | 5.5 | 17.0 | N/A | 0.3 | -62.1% |
| Total | 85.7 | 1,234 | 40.4 | 347 | 59.4% |
Top Suppliers of Onion to Morocco in 2022:
- Spain (725.2 tons)
- Netherlands (210.8 tons)
- France (68.8 tons)
- Egypt (54.2 tons)
- India (19.9 tons)
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