Morocco: Sugar Crop Market 2024

Sugar Crop Market Size in Morocco

The Moroccan sugar crop market shrank sharply to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a slight descent. Sugar crop consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Sugar Crop Production in Morocco

In value terms, sugar crop production reduced sharply to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of sugar crops in Morocco contracted to X tons per ha in 2022, which is down by X% compared with the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The sugar crop yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sugar crops production in Morocco contracted to X ha, with a decrease of X% compared with 2021. Overall, the total harvested area indicated a modest increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar crop harvested area decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production attained the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Morocco

For the third consecutive year, Morocco recorded decline in shipments abroad of sugar crops, which decreased by X% to X tons in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X,996% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sugar crop exports reduced notably to $X in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2015 when exports increased by X,170%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Spain (X tons) was the main destination for sugar crop exports from Morocco, accounting for a X% share of total exports. Moreover, sugar crop exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), twofold. Switzerland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Switzerland (X% per year).

In value terms, the largest markets for sugar crop exported from Morocco were Spain ($X), Italy ($X) and Switzerland ($X), together comprising X% of total exports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Spain ($X 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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Morocco

For the third year in a row, Morocco recorded growth in purchases abroad of sugar crops, which increased by X% to X tons in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, sugar crop imports skyrocketed to $X in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Algeria (X tons), Libya (X tons) and Lebanon (X tons) were the main suppliers of sugar crop imports to Morocco, together comprising X% of total imports. Jordan, Spain, Cyprus and Tunisia lagged somewhat behind, together accounting for a further X%.

From 2014 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Jordan (with a CAGR of X.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar crop suppliers to Morocco were Lebanon ($X), Cyprus ($X) and Spain ($X), with a combined X% share of total imports. Libya, Algeria, Jordan and Tunisia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Jordan, with a CAGR of X.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Cyprus ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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