Milled Rice Price in Morocco - 2022
Contents:
- Milled Rice Price in Morocco (CIF) - 2022
- Milled Rice Price in Morocco (FOB) - 2022
- Milled Rice Imports in Morocco
- Milled Rice Exports in Morocco
Milled Rice Price in Morocco (CIF) - 2022
The average milled rice import price stood at $655 per ton in December 2022, declining by -8.5% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2022 an increase of 18% month-to-month. As a result, import price attained the peak level of $862 per ton. From July 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($909 per ton), while the price for India ($605 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Morocco (FOB) - 2022
The average milled rice export price stood at $727 per ton in 2022, rising by 8.2% against the previous year. Overall, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2014 an increase of 167%. Over the period under review, the average export prices attained the maximum at $1,895 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2013 to 2022, the rate of growth in terms of prices for Spain amounted to +6.1% per year.
Milled Rice Imports in Morocco
In 2022, imports of semi-milled or wholly milled (bleached) rice into Morocco stood at 55K tons, rising by 12% compared with the year before. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 76%. As a result, imports reached the peak of 64K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, milled rice imports skyrocketed to $41M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +27.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +107.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 74% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Milled Rice in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.9 | 9.1 | 15.1 | 18.0 | 66.5% |
| Thailand | 8.7 | 14.5 | 3.3 | 14.3 | 18.0% |
| Pakistan | 1.4 | 3.2 | 3.4 | 2.1 | 14.5% |
| United States | 3.2 | 1.7 | 1.8 | 1.8 | -17.5% |
| Portugal | N/A | 0.1 | 0.8 | 1.5 | 287.3% |
| China | 1.8 | 4.0 | 4.9 | 1.5 | -5.9% |
| Others | 0.5 | 1.4 | 1.4 | 1.3 | 37.5% |
| Total | 19.5 | 34.0 | 30.9 | 40.6 | 27.7% |
Top Suppliers of Milled Rice to Morocco in 2022:
- India (25.7K tons)
- Thailand (19.1K tons)
- Pakistan (3.5K tons)
- United States (2.0K tons)
- China (1.8K tons)
- Portugal (1.6K tons)
Milled Rice Exports in Morocco
In 2022, the amount of semi-milled or wholly milled (bleached) rice exported from Morocco dropped significantly to 478 tons, reducing by -75.4% compared with the previous year's figure. Overall, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2021 when exports increased by 1,529%. As a result, the exports reached the peak of 1.9K tons, and then declined dramatically in the following year.
In value terms, milled rice exports shrank significantly to $347K in 2022. In general, exports, however, showed resilient growth. The growth pace was the most rapid in 2021 with an increase of 1,517% against the previous year. As a result, the exports reached the peak of $1.3M, and then fell significantly in the following year.
| Export of Milled Rice in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | 79.9 | 986 | 347 | 108.4% |
| Niger | 146 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 307 | N/A | 0% |
| Gambia | 58.6 | N/A | N/A | N/A | 0% |
| Others | 23.7 | 0.8 | 12.7 | 0.2 | -79.6% |
| Total | 229 | 80.8 | 1,306 | 347 | 14.9% |
Top Export Markets for Milled Rice from Morocco in 2022:
- Spain (478.1 tons)
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