Morocco - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cocoa Powder with Sugar in Morocco - 2022
Contents:
- Price for Cocoa Powder with Sugar in Morocco (CIF) - 2022
- Price for Cocoa Powder with Sugar in Morocco (FOB) - 2022
- Imports of Cocoa Powder with Sugar in Morocco
- Exports of Cocoa Powder with Sugar in Morocco
Price for Cocoa Powder with Sugar in Morocco (CIF) - 2022
In December 2022, the average cocoa powder with sugar import price amounted to $3,988 per ton, picking up by 25% against the previous month. In general, import price indicated notable growth from December 2021 to December 2022: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, cocoa powder with sugar import price increased by +228.2% against August 2022 indices. The pace of growth was the most pronounced in September 2022 an increase of 144% m-o-m. Over the period under review, average import prices reached the peak figure at $4,164 per ton in January 2022; however, from February 2022 to December 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the countries with the highest prices were Portugal ($4,559 per ton) and Spain ($4,266 per ton), while the price for France ($3,462 per ton) and Germany ($3,643 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa Powder with Sugar in Morocco (FOB) - 2022
In 2022, the average cocoa powder with sugar export price amounted to $3,606 per ton, shrinking by -16.4% against the previous year. Overall, the export price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 93% against the previous year. The export price peaked at $4,311 per ton in 2021, and then reduced sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($19,495 per ton), while the average price for exports to Mali ($1,374 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+51.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Powder with Sugar in Morocco
Cocoa powder with sugar imports into Morocco expanded sharply to 581 tons in 2022, with an increase of 14% against 2021 figures. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 52%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, cocoa powder with sugar imports expanded modestly to $2M in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 58%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
Import of Cocoa Powder with Sugar in Morocco (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 473 | 773 | 1,466 | 1,361 | 42.2% |
France | 21.2 | 99.6 | 94.8 | 149 | 91.6% |
Portugal | 0.6 | 90.2 | 84.7 | 119 | 483.2% |
Italy | 46.0 | 33.7 | 35.5 | 112 | 34.5% |
Egypt | 101 | 57.3 | 59.6 | 93.1 | -2.7% |
Germany | 94.7 | 111 | 112 | 59.5 | -14.4% |
Uruguay | 17.3 | 18.9 | 19.2 | 29.1 | 18.9% |
Others | 29.4 | 54.0 | 34.0 | 48.3 | 18.0% |
Total | 784 | 1,237 | 1,906 | 1,971 | 36.0% |
Top Suppliers of Cocoa Powder with Sugar to Morocco in 2022:
- Spain (398.6 tons)
- Egypt (58.8 tons)
- France (33.9 tons)
- Portugal (26.2 tons)
- Italy (21.8 tons)
- Germany (20.4 tons)
- Uruguay (11.8 tons)
Exports of Cocoa Powder with Sugar in Morocco
Cocoa powder with sugar exports from Morocco reduced to 4.5 tons in 2022, waning by -13.4% against the year before. Over the period under review, exports showed a sharp decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 33%.
In value terms, cocoa powder with sugar exports dropped dramatically to $16K in 2022. Overall, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 123% against the previous year.
Export of Cocoa Powder with Sugar in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Senegal | 27.2 | 4.0 | 7.0 | 4.9 | -43.5% |
Mali | 9.1 | 3.0 | 5.7 | 4.4 | -21.5% |
Spain | 0.8 | 0.4 | 1.4 | 3.7 | 66.6% |
Congo | 6.0 | 1.1 | 0.8 | 1.3 | -39.9% |
Mauritania | 2.1 | 0.6 | 0.1 | 0.5 | -38.0% |
Cameroon | 0.9 | 0.2 | 0.3 | 0.2 | -39.4% |
Lebanon | 26.5 | N/A | N/A | N/A | 0% |
Others | 3.0 | 0.7 | 7.3 | 1.3 | -24.3% |
Total | 75.5 | 10.1 | 22.5 | 16.3 | -40.0% |
Top Export Markets for Cocoa Powder with Sugar from Morocco in 2022:
- Mali (3187.0 kg)
- Senegal (616.0 kg)
- Congo (264.0 kg)
- Spain (190.0 kg)
- Mauritania (106.0 kg)
- Cameroon (68.0 kg)
This report provides an in-depth analysis of the market for cocoa powder with sugar 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 10821400 - Cocoa powder, containing added sugar or other sweetening matter
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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