Starches; Inulin Price in Morocco - 2022
Contents:
- Starches; Inulin Price in Morocco (CIF) - 2022
- Starches; Inulin Price in Morocco (FOB) - 2022
- Starches; Inulin Imports in Morocco
- Starches; Inulin Exports in Morocco
Starches; Inulin Price in Morocco (CIF) - 2022
The average starches; inulin import price stood at $704 per ton in 2022, increasing by 26% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $775 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 the United States ($1,175 per ton), while the price for Spain ($482 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Morocco (FOB) - 2022
The average starches; inulin export price stood at $620 per ton in December 2022, increasing by 3.8% against the previous month. In general, the export price posted a pronounced expansion. The pace of growth appeared the most rapid in March 2022 when the average export price increased by 828% m-o-m. As a result, the export price attained the peak level of $4,618 per ton. From April 2022 to December 2022, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Tunisia.
From December 2021 to December 2022, the rate of growth in terms of prices for Tunisia amounted to +2.1% per month.
Starches; Inulin Imports in Morocco
For the fourth consecutive year, Morocco recorded growth in overseas purchases of starches; inulins, which increased by 15% to 16K tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, starches; inulin imports surged to $11M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 89.6 | 83.5 | 71.0 | 3,396 | 235.9% |
| Denmark | 195 | 1,363 | 1,861 | 2,410 | 131.2% |
| Spain | 571 | 976 | 2,628 | 1,597 | 40.9% |
| Bulgaria | 887 | 1,159 | 793 | 971 | 3.1% |
| Netherlands | 893 | 909 | 1,026 | 897 | 0.1% |
| Romania | 8.2 | 31.8 | N/A | 872 | 373.8% |
| France | 647 | 895 | 605 | 328 | -20.3% |
| Germany | 1,091 | 1,012 | 195 | 237 | -39.9% |
| Turkey | 328 | 60.8 | 89.8 | 93.3 | -34.2% |
| Poland | 1,497 | N/A | 261 | 61.4 | -65.5% |
| Others | 574 | 179 | 334 | 584 | 0.6% |
| Total | 6,780 | 6,669 | 7,865 | 11,447 | 19.1% |
Top Suppliers of Starches; Inulin to Morocco in 2022:
- Egypt (4.4K tons)
- Denmark (3.6K tons)
- Spain (3.3K tons)
- Bulgaria (1.4K tons)
- Romania (1.1K tons)
- Netherlands (1.0K tons)
- France (0.4K tons)
- Germany (0.4K tons)
- Turkey (0.1K tons)
- Poland (0.1K tons)
Starches; Inulin Exports in Morocco
After three years of growth, overseas shipments of starches; inulins decreased by -7.2% to 1.4K tons in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 62% against the previous year.
In value terms, starches; inulin exports rose slightly to $837K in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 72% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Starches; Inulin in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | 380 | 628 | 786 | 820 | 29.2% |
| Others | 2.1 | 29.3 | 31.5 | 16.6 | 99.2% |
| Total | 382 | 658 | 818 | 837 | 29.9% |
Top Export Markets for Starches; Inulin from Morocco in 2022:
- Tunisia (1386.0 tons)
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