Price for Cereal Groats and Meal; of Maize (Corn) in Morocco - 2023

Contents:

  1. Price for Cereal Groats and Meal; of Maize (Corn) in Morocco (CIF) - 2022
  2. Price for Cereal Groats and Meal; of Maize (Corn) in Morocco (FOB) - 2022
  3. Imports of Cereal Groats and Meal; of Maize (Corn) in Morocco
  4. Exports of Cereal Groats and Meal; of Maize (Corn) in Morocco

Price for Cereal Groats and Meal; of Maize (Corn) in Morocco (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $544 per ton, growing by 22% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $554 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($722 per ton), while the price for Spain stood at $504 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Groats and Meal; of Maize (Corn) in Morocco (FOB) - 2022

The average export price for cereal groats and meal; of maize (corn)s stood at $617 per ton in 2022, rising by 15% against the previous year. In general, the export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of 492% against the previous year. As a result, the export price reached the peak level of $1,030 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($358 per ton), while the average price for exports to Mauritania totaled $351 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Maize (Corn) in Morocco

In 2022, imports of cereal groats and meal; of maize (corn)s into Morocco declined rapidly to 737 tons, waning by -54.9% on the previous year. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. As a result, imports reached the peak of 1.6K tons, and then contracted remarkably in the following year.

In value terms, imports of cereal groats and meal; of maize (corn)s fell remarkably to $401K in 2022. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of $731K, and then fell rapidly in the following year.

Import of Cereal Groats and Meal; of Maize (Corn) in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain17416922231321.6%
Italy34.825.876.081.632.9%
India6.910.230.8N/A111.3%
Lebanon87.213.169.5N/A-10.7%
Turkey27.034.156.2N/A44.3%
Others2131832766.1-69.4%
Total544435731401-9.7%

Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Morocco in 2022:

  1. Spain (621.3 tons)
  2. Italy (113.1 tons)

Exports of Cereal Groats and Meal; of Maize (Corn) in Morocco

In 2022, overseas shipments of cereal groats and meal; of maize (corn)s decreased by -4.3% to 25 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of 109% against the previous year. As a result, the exports reached the peak of 206 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cereal groats and meal; of maize (corn)s expanded notably to $16K in 2022. In general, exports faced a sharp reduction. The pace of growth was the most pronounced in 2020 when exports increased by 149%. As a result, the exports attained the peak of $132K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Cereal Groats and Meal; of Maize (Corn) in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada5.16.86.45.0-0.7%
Mauritania1.61.61.10.5-32.1%
Spain21.162.1N/AN/A194.3%
Nigeria4.4N/AN/AN/A0%
Others21.162.06.610.1-21.8%
Total53.313214.115.5-33.7%

Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Morocco in 2022:

  1. Canada (13.9 tons)
  2. Mauritania (1.4 tons)

Source: IndexBox Market Intelligence Platform

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