Morocco: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in Morocco

In 2023, the Moroccan market for frozen and fresh or chilled skipjack tuna decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, posted a prominent increase. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in Morocco

In value terms, production of frozen and fresh or chilled skipjack tuna expanded rapidly to $X in 2023 estimated in export price. In general, production faced a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports from Morocco

After two years of growth, shipments abroad of frozen and fresh or chilled skipjack tuna decreased by X% to X tons in 2023. Over the period under review, exports, however, showed a pronounced increase. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2022, and then declined sharply in the following year.

In value terms, exports of frozen and fresh or chilled skipjack tuna contracted rapidly to $X in 2023. In general, exports, however, showed a perceptible expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2022, and then shrank significantly in the following year.

Exports by Country

Spain (X tons) was the main destination for exports of frozen and fresh or chilled skipjack tuna from Morocco, accounting for a X% share of total exports. Moreover, exports of frozen and fresh or chilled skipjack tuna to Spain exceeded the volume sent to the second major destination, Mali (X tons), tenfold. The third position in this ranking was held by Cote d'Ivoire (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Cote d'Ivoire (X% per year).

In value terms, Spain ($X) remains the key foreign market for frozen and fresh or chilled skipjack tuna exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Mali, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Mali (X% per year).

Export Prices by Country

The average export price for frozen and fresh or chilled skipjack tuna stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports into Morocco

In 2023, overseas purchases of frozen and fresh or chilled skipjack tuna decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, imports of frozen and fresh or chilled skipjack tuna reduced to $X in 2023. In general, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Spain (X tons) constituted the largest supplier of frozen and fresh or chilled skipjack tuna to Morocco, accounting for a X% share of total imports. Moreover, imports of frozen and fresh or chilled skipjack tuna from Spain exceeded the figures recorded by the second-largest supplier, Senegal (X tons), fourfold.

From 2012 to 2023, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (X% per year) and France (X% per year).

In value terms, Spain ($X) constituted the largest supplier of frozen and fresh or chilled skipjack tuna to Morocco, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (X% per year) and France (X% per year).

Import Prices by Country

The average import price for frozen and fresh or chilled skipjack tuna stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Senegal ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cabo Verde (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform