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Morocco - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMorocco: Cherry Market 2024
Cherry Market Size in Morocco
The Moroccan cherry market totaled $X in 2023, growing by X% against the previous year. Over the period under review, consumption saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.
Cherry Production in Morocco
In value terms, cherry production amounted to $X in 2023 estimated in export price. Overall, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.
The average yield of cherries in Morocco expanded significantly to X tons per ha in 2023, with an increase of X% compared with the previous year. In general, the yield, however, saw a mild setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the average cherry yield attained the maximum level at X tons per ha in 2015; however, from 2016 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2023, the total area harvested in terms of cherries production in Morocco shrank slightly to X ha, standing approx. at 2022. Over the period under review, the total harvested area indicated a strong increase from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cherry harvested area increased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 when the harvested area increased by X%. The cherry harvested area peaked at X ha in 2017; however, from 2018 to 2023, the harvested area remained at a lower figure.
Cherry Exports
Exports from Morocco
In 2023, overseas shipments of cherries decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2022, and then fell dramatically in the following year.
In value terms, cherry exports reduced sharply to $X in 2023. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then plummeted in the following year.
Exports by Country
Saudi Arabia (X tons), Mauritania (X tons) and Kuwait (X tons) were the main destinations of cherry exports from Morocco, with a combined X% share of total exports.
From 2015 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of X.0%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for cherry exported from Morocco were Saudi Arabia ($X), Kuwait ($X) and Liberia ($X), with a combined X% share of total exports.
Among the main countries of destination, Kuwait, with a CAGR of X.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average cherry export price stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the export price posted mild growth. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Liberia ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.
From 2015 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.
Cherry Imports
Imports into Morocco
In 2023, approx. X tons of cherries were imported into Morocco; growing by X% compared with the previous year's figure. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.
In value terms, cherry imports reached $X in 2023. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, Spain (X tons) was the main cherry supplier to Morocco, with a approx. X% share of total imports.
From 2012 to 2023, the average annual growth rate of volume from Spain totaled X%.
In value terms, Spain ($X) constituted the largest supplier of cherries to Morocco.
From 2012 to 2023, the average annual growth rate of value from Spain totaled X%.
Import Prices by Country
The average cherry import price stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then dropped significantly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From 2012 to 2023, the rate of growth in terms of prices for Spain amounted to X% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the cherry 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:
- FCL 531 - Cherries
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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