Price for Fish Meal; Fit for Human Consumption in Morocco - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in Morocco (CIF) - 2022
- Imports of Fish Meal; Fit for Human Consumption in Morocco
Price for Fish Meal; Fit for Human Consumption in Morocco (CIF) - 2022
The average import price for fish meal; fit for human consumptia stood at $18,851 per ton in 2022, falling by -6.1% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish meal; fit for human consumptia increased by +37.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29%. The import price peaked at $20,071 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($28,047 per ton), while the price for Norway amounted to $12,425 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.4%), while the prices for the other major suppliers experienced a decline.
Imports of Fish Meal; Fit for Human Consumption in Morocco
In 2022, overseas purchases of fish meal; fit for human consumptia were finally on the rise to reach 8.6 tons after two years of decline. Overall, imports, however, showed a pronounced curtailment.
In value terms, imports of fish meal; fit for human consumptia contracted modestly to $161K in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 25%.
| Import of Fish Meal; Fit for Human Consumption in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 44.0 | 73.0 | 61.3 | 59.6 | 10.6% |
| France | 21.0 | 46.6 | 45.7 | 44.5 | 28.4% |
| Egypt | 27.0 | N/A | N/A | N/A | 0% |
| Others | 33.4 | 37.1 | 58.8 | 57.2 | 19.6% |
| Total | 125 | 157 | 166 | 161 | 8.8% |
Top Suppliers of Fish Meal; Fit for Human Consumption to Morocco in 2022:
- Norway (4.8 tons)
- France (1.6 tons)
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