Price for Cheese of All Kinds, Grated or Powdered in Morocco - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Morocco (CIF) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Morocco (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Morocco
- Exports of Cheese of All Kinds, Grated or Powdered in Morocco
Price for Cheese of All Kinds, Grated or Powdered in Morocco (CIF) - 2023
In June 2023, the average import price for cheese of all kinds, grated or powdered amounted to $10,665 per ton, surging by 19% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.5%. The growth pace was the most rapid in March 2023 an increase of 35% m-o-m. Over the period under review, average import prices reached the maximum in June 2023.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($11,011 per ton), while the price for Spain ($9,519 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Morocco (FOB) - 2022
The average export price for cheese of all kinds, grated or powdered stood at $4,901 per ton in 2022, with a decrease of -17.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the maximum at $7,799 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Mauritania.
From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to +17.8% per year.
Imports of Cheese of All Kinds, Grated or Powdered in Morocco
In 2022, approx. 183 tons of cheese of all kinds, grated or powdered were imported into Morocco; rising by 28% against the previous year's figure. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cheese of all kinds, grated or powdered surged to $1.4M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cheese of All Kinds, Grated or Powdered in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 420 | 527 | 502 | 946 | 31.1% |
| Italy | 65.1 | 60.0 | 70.5 | 208 | 47.3% |
| Spain | 86.8 | 57.3 | 53.4 | 86.2 | -0.2% |
| United States | 394 | 387 | 367 | 80.9 | -41.0% |
| United Kingdom | 6.9 | 6.5 | 5.8 | 61.2 | 107.0% |
| Denmark | N/A | N/A | N/A | 37.0 | 0% |
| Belgium | 45.4 | 32.8 | 11.4 | N/A | -49.9% |
| Egypt | 85.3 | 98.6 | 110 | N/A | 13.6% |
| Netherlands | 81.5 | 76.6 | 69.7 | N/A | -7.5% |
| Others | 6.7 | 6.1 | 6.1 | N/A | -4.6% |
| Total | 1,191 | 1,251 | 1,197 | 1,419 | 6.0% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Morocco in 2022:
- France (116.2 tons)
- Italy (24.9 tons)
- United States (11.7 tons)
- United Kingdom (11.3 tons)
- Spain (11.2 tons)
- Denmark (7.7 tons)
Exports of Cheese of All Kinds, Grated or Powdered in Morocco
For the third consecutive year, Morocco recorded decline in shipments abroad of cheese of all kinds, grated or powdered, which decreased by -78.9% to 362 kg in 2022. Overall, exports continue to indicate a dramatic decrease. The smallest decline of -42.5% was in 2020.
In value terms, exports of cheese of all kinds, grated or powdered fell significantly to $1.8K in 2022. In general, exports showed a precipitous shrinkage. The smallest decline of -41.1% was in 2021.
| Export of Cheese of All Kinds, Grated or Powdered in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | 10.6 | 1.4 | 0.9 | 1.7 | -45.7% |
| Cote d'Ivoire | 18.8 | 15.4 | 9.0 | N/A | -30.8% |
| Others | N/A | 0.5 | 0.3 | N/A | -40.0% |
| Total | 29.4 | 17.3 | 10.2 | 1.8 | -60.6% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Morocco in 2022:
- Mauritania (360.0 kg)
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