Price for Flours and Meals; of Soya Beans in Morocco - 2023

Contents:

1. Price for Flours and Meals; of Soya Beans in Morocco (CIF) - 2022
2. Imports of Flours and Meals; of Soya Beans in Morocco

Price for Flours and Meals; of Soya Beans in Morocco (CIF) - 2022

In 2022, the average import price for flours and meals; of soya beanses amounted to $1,349 per ton, with an increase of 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2013 an increase of 17%. As a result, import price attained the peak level of $1,423 per ton. From 2014 to 2022, the average 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 Denmark ($2,116 per ton), while the price for the Netherlands ($1,063 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+1.8%), while the prices for the other major suppliers experienced a decline.

Imports of Flours and Meals; of Soya Beans in Morocco

In 2022, approx. 140 tons of flours and meals; of soya beanses were imported into Morocco; picking up by 30% on 2021. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of flours and meals; of soya beanses surged to $189K in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flours and Meals; of Soya Beans to Morocco in 2022:

1. Austria (73.3 tons)
2. Serbia (36.0 tons)
3. Netherlands (20.2 tons)
4. Denmark (10.9 tons)

Source: IndexBox Market Intelligence Platform