Price for Protein; Concentrates and Textured Protein Substances in Morocco - 2023
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Morocco (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Morocco (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Morocco
- Exports of Protein; Concentrates and Textured Protein Substances in Morocco
Price for Protein; Concentrates and Textured Protein Substances in Morocco (CIF) - 2022
In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $6,014 per ton, leveling off at the previous year. Over the period under review, the import price posted strong growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 79%. The import price peaked at $7,305 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Hungary ($18,153 per ton), while the price for Argentina ($1,306 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+115.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Morocco (FOB) - 2022
The average export price for protein; concentrates and textured protein substanceses stood at $7,298 per ton in 2022, surging by 84% against the previous year. Over the period under review, the export price continues to indicate a moderate increase. The growth pace was the most rapid in 2020 an increase of 324%. As a result, the export price reached the peak level of $19,194 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($15,250 per ton), while the average price for exports to the Netherlands ($3,800 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 France (+92.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Protein; Concentrates and Textured Protein Substances in Morocco
Imports of protein; concentrates and textured protein substanceses into Morocco skyrocketed to 1.5K tons in 2022, picking up by 50% compared with the year before. Overall, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of protein; concentrates and textured protein substanceses soared to $8.9M in 2022. In general, imports recorded a tangible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6,170 | 3,113 | 4,197 | 5,658 | -2.8% |
| Hungary | 1,016 | 234 | 1,017 | 934 | -2.8% |
| Serbia | 435 | 333 | 325 | 796 | 22.3% |
| Canada | N/A | 0.5 | 80.7 | 452 | 2906.7% |
| Argentina | 20.1 | 17.8 | 68.8 | 302 | 146.8% |
| United Kingdom | 57.0 | 0.2 | 11.4 | 205 | 53.2% |
| India | 51.1 | 93.1 | N/A | 133 | 37.6% |
| Spain | 29.0 | 55.2 | 71.4 | 56.6 | 25.0% |
| Others | 235 | 121 | 126 | 350 | 14.2% |
| Total | 8,015 | 3,969 | 5,897 | 8,887 | 3.5% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Morocco in 2022:
- Serbia (505.6 tons)
- United States (462.7 tons)
- Argentina (231.3 tons)
- India (79.5 tons)
- Hungary (51.5 tons)
- Canada (45.2 tons)
- United Kingdom (32.5 tons)
- Spain (25.2 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Morocco
In 2022, shipments abroad of protein; concentrates and textured protein substanceses increased by 572% to 1.1 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses surged to $7.8K in 2022. Overall, exports posted a significant increase.
| Export of Protein; Concentrates and Textured Protein Substances in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | N/A | N/A | N/A | 7.3 | 0% |
| France | N/A | N/A | 0.3 | 0.4 | 33.3% |
| Spain | N/A | 10.7 | 0.2 | 0.1 | -90.3% |
| Cote d'Ivoire | 3.5 | N/A | 0.1 | N/A | -83.1% |
| Belgium | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 3.6 | 10.8 | 0.6 | 7.8 | 29.4% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Morocco in 2022:
- Senegal (1000.0 kg)
- France (57.0 kg)
- Spain (4.0 kg)
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