Price for Cereal Groats; Meal and Pellets in Morocco - 2022

Contents:

1. Price for Cereal Groats; Meal and Pellets in Morocco (FOB) - 2022
2. Price for Cereal Groats; Meal and Pellets in Morocco (CIF) - 2022
3. Exports of Cereal Groats; Meal and Pellets in Morocco
4. Imports of Cereal Groats; Meal and Pellets in Morocco

Price for Cereal Groats; Meal and Pellets in Morocco (FOB) - 2022

The average export price for cereal groats; meal and pelletses stood at $813 per ton in December 2022, with a decrease of -1.5% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2022 an increase of 28% m-o-m. As a result, the export price attained the peak level of $1,006 per ton. From March 2022 to December 2022, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($1,228 per ton), while the average price for exports to Mauritania ($648 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Groats; Meal and Pellets in Morocco (CIF) - 2022

The average import price for cereal groats; meal and pelletses stood at $600 per ton in 2022, with an increase of 12% against the previous year. In general, the import price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the maximum at $667 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 France ($1,937 per ton), while the price for Turkey ($448 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Groats; Meal and Pellets in Morocco

After three years of growth, shipments abroad of cereal groats; meal and pelletses decreased by -14.4% to 5.1K tons in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 134% against the previous year.

In value terms, cereal groats; meal and pellets exports skyrocketed to $5M in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 158% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Cereal Groats; Meal and Pellets from Morocco in 2022:

1. Spain (1454.2 tons)
2. Mauritania (1292.5 tons)
3. Belgium (671.4 tons)
4. France (519.0 tons)
5. Canada (451.8 tons)
6. Algeria (368.0 tons)
7. Italy (134.6 tons)

Imports of Cereal Groats; Meal and Pellets in Morocco

In 2022, the amount of cereal groats; meal and pelletses imported into Morocco plummeted to 1.3K tons, reducing by -31% against the previous year's figure. Overall, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2021 when imports increased by 57%. As a result, imports attained the peak of 1.9K tons, and then reduced notably in the following year.

In value terms, cereal groats; meal and pellets imports reduced remarkably to $801K in 2022. Over the period under review, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. As a result, imports reached the peak of $1M, and then fell markedly in the following year.

Top Suppliers of Cereal Groats; Meal and Pellets to Morocco in 2022:

1. Spain (799.0 tons)
2. Turkey (214.2 tons)
3. Italy (212.8 tons)
4. India (106.1 tons)

Source: IndexBox Market Intelligence Platform