Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in Morocco - 2023
Contents:
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (FOB) - 2022
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (CIF) - 2023
- Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco
- Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (FOB) - 2022
In 2022, the average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $1,500 per ton, standing approx. at the previous year. Over the period under review, the export price showed a perceptible setback. The growth pace was the most rapid in 2014 an increase of 42% against the previous year. As a result, the export price attained the peak level of $2,379 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($1,653 per ton), while the average price for exports to France ($750 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 Spain (+0.8%), while the prices for the other major destinations experienced a decline.
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (CIF) - 2023
The average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $1,309 per ton in June 2023, almost unchanged from the previous month. Over the period under review, the import price showed a slight expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Egypt.
From February 2023 to June 2023, the rate of growth in terms of prices for Egypt amounted to +1.2% per month.
Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco
In 2022, the amount of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia exported from Morocco soared to 175 tons, with an increase of 35% against the year before. Over the period under review, exports showed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 52%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia soared to $263K in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 24.8 | 10.2 | 60.7 | 220 | 107.0% |
Spain | N/A | 0.2 | N/A | 42.2 | 1352.6% |
France | 21.8 | N/A | N/A | N/A | 0% |
United Arab Emirates | 104 | 95.4 | 85.6 | N/A | -9.3% |
Italy | 43.6 | 32.7 | 49.3 | N/A | 6.3% |
Others | N/A | N/A | 0.3 | 0.9 | 200.0% |
Total | 195 | 139 | 196 | 263 | 10.5% |
Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Morocco in 2022:
- United States (149.0 tons)
- Spain (25.6 tons)
Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco
In 2022, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia into Morocco shrank markedly to 17 tons, dropping by -64.4% compared with 2021. In general, imports faced a sharp downturn. The smallest decline of -13.3% was in 2020.
In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia shrank rapidly to $29K in 2022. Overall, imports faced a sharp decline. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of $89K, and then shrank dramatically in the following year.
Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | N/A | 75.2 | 89.5 | 29.5 | -37.4% |
Tunisia | 82.2 | N/A | N/A | N/A | 0% |
Others | N/A | 3.7 | N/A | N/A | 0% |
Total | 82.2 | 78.9 | 89.5 | 29.5 | -28.9% |
Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Morocco in 2022:
- Spain (17.4 tons)
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