Morocco - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Oils Price in Morocco - 2022
Contents:
- Vegetable Oils Price in Morocco (CIF) - 2022
- Vegetable Oils Price in Morocco (FOB) - 2022
- Vegetable Oils Imports in Morocco
- Vegetable Oils Exports in Morocco
Vegetable Oils Price in Morocco (CIF) - 2022
In December 2022, the average vegetable oils import price amounted to $1,952 per ton, waning by -5.6% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in March 2022 an increase of 13% against the previous month. The import price peaked at $2,286 per ton in August 2022; however, from September 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Egypt ($2,240 per ton) and Sweden ($2,166 per ton), while the price for Indonesia ($1,632 per ton) and Tunisia ($1,770 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 Egypt (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Oils Price in Morocco (FOB) - 2022
In 2022, the average vegetable oils export price amounted to $2,495 per ton, with a decrease of -38.4% against the previous year. Over the period under review, the export price saw a perceptible decrease. The growth pace was the most rapid in 2017 when the average export price increased by 106%. Over the period under review, the average export prices attained the maximum at $12,113 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($2,524 per ton), while the average price for exports to the United Arab Emirates amounted to $1,793 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+75.3%), while the prices for the other major destinations experienced mixed trend patterns.
Vegetable Oils Imports in Morocco
In 2022, imports of vegetable fats and oils into Morocco expanded remarkably to 29K tons, growing by 11% against 2021 figures. Overall, imports, however, saw a perceptible decline.
In value terms, vegetable oils imports skyrocketed to $59M in 2022. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Vegetable Oils in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 10.3 | 7.8 | 16.7 | 15.1 | 13.6% |
Egypt | 2.3 | 3.4 | 6.6 | 12.5 | 75.8% |
Tunisia | 3.9 | 2.7 | 3.3 | 11.3 | 42.6% |
Malaysia | 3.8 | 4.7 | 4.2 | 8.0 | 28.2% |
Indonesia | 5.9 | 3.7 | 2.1 | 6.1 | 1.1% |
Sweden | 3.6 | 3.5 | 4.3 | 2.2 | -15.1% |
Spain | 1.0 | 0.9 | 1.0 | 0.5 | -20.6% |
Others | 2.3 | 1.6 | 1.5 | 3.0 | 9.3% |
Total | 33.1 | 28.3 | 39.5 | 58.7 | 21.0% |
Top Suppliers of Vegetable Oils to Morocco in 2022:
- United Arab Emirates (8.2K tons)
- Egypt (7.4K tons)
- Tunisia (5.5K tons)
- Malaysia (3.3K tons)
- Indonesia (2.4K tons)
- Sweden (1.0K tons)
- Spain (0.3K tons)
Vegetable Oils Exports in Morocco
In 2022, vegetable oils exports from Morocco surged to 212 tons, rising by 172% against the previous year. Over the period under review, exports, however, faced a dramatic slump.
In value terms, vegetable oils exports surged to $529K in 2022. Overall, exports, however, recorded a dramatic slump.
Export of Vegetable Oils in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Senegal | 694 | 1,564 | N/A | 444 | -13.8% |
United Arab Emirates | 11.2 | 20.2 | 59.3 | 63.5 | 78.3% |
France | 486 | 170 | 77.2 | 15.1 | -68.6% |
Cote d'Ivoire | 60.7 | N/A | N/A | N/A | 0% |
Malaysia | 126 | N/A | N/A | N/A | 0% |
Others | 462 | 134 | 180 | 6.0 | -76.5% |
Total | 1,839 | 1,888 | 316 | 529 | -34.0% |
Top Export Markets for Vegetable Oils from Morocco in 2022:
- Senegal (176.0 tons)
- United Arab Emirates (35.4 tons)
- France (0.5 tons)
This report provides an in-depth analysis of the vegetable oils market 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 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
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
This report provides an in-depth analysis of the vegetable oils market in Morocco.
This report provides an in-depth analysis of the animal fats market in Morocco.
This report provides an in-depth analysis of the global vegetable oils market.
This report provides an in-depth analysis of the global animal fats market.
This report provides an in-depth analysis of the vegetable oils market in Morocco.
This report provides an in-depth analysis of the animal fats market in Morocco.
This report provides an in-depth analysis of the global vegetable oils market.
This report provides an in-depth analysis of the global animal fats market.
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.