Broken Rice Price in Morocco - 2022
Contents:
- Broken Rice Price in Morocco (CIF) - 2022
- Broken Rice Price in Morocco (FOB) - 2022
- Broken Rice Imports in Morocco
- Broken Rice Exports in Morocco
Broken Rice Price in Morocco (CIF) - 2022
The average broken rice import price stood at $485 per ton in 2022, dropping by -12.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 19%. As a result, import price reached the peak level of $555 per ton, and then reduced in the following year.
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 Portugal ($759 per ton), while the price for France ($292 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Broken Rice Price in Morocco (FOB) - 2022
The average broken rice export price stood at $411 per ton in 2022, surging by 9% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, broken rice export price decreased by -16.7% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 19%. The export price peaked at $493 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Belgium.
From 2012 to 2022, the rate of growth in terms of prices for Gambia amounted to +895.7% per year.
Broken Rice Imports in Morocco
In 2022, broken rice imports into Morocco soared to 251 tons, with an increase of 154% compared with the year before. Over the period under review, imports posted a prominent increase.
In value terms, broken rice imports soared to $122K in 2022. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 166% against the previous year. As a result, imports attained the peak of $188K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Broken Rice in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 45.7 | 49.7 | 22.8 | 41.8 | -2.9% |
| Thailand | 8.8 | 32.7 | 11.0 | 20.1 | 31.7% |
| France | 13.9 | 17.4 | 9.0 | 18.8 | 10.6% |
| Senegal | 1.2 | 9.8 | 8.3 | 15.3 | 133.6% |
| Portugal | 0.5 | 1.1 | 1.9 | 3.5 | 91.3% |
| China | N/A | 8.0 | N/A | N/A | 0% |
| Vietnam | N/A | 27.6 | N/A | N/A | 0% |
| Pakistan | N/A | 40.9 | N/A | N/A | 0% |
| Others | 0.6 | 1.3 | 2.0 | 22.1 | 232.7% |
| Total | 70.7 | 188 | 54.9 | 122 | 19.9% |
Top Suppliers of Broken Rice to Morocco in 2022:
- India (105.7 tons)
- France (64.3 tons)
- Thailand (47.7 tons)
- Senegal (26.3 tons)
- Portugal (4.7 tons)
Broken Rice Exports in Morocco
After two years of decline, shipments abroad of broken rice increased by 138% to 55 tons in 2022. In general, exports, however, recorded a sharp reduction.
In value terms, broken rice exports skyrocketed to $23K in 2022. Over the period under review, exports, however, saw a significant decrease.
| Export of Broken Rice in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 16.6 | 30.8 | 4.3 | 22.5 | 10.7% |
| Mali | 18.1 | N/A | N/A | N/A | 0% |
| Gambia | 28.6 | 3.0 | N/A | N/A | -89.5% |
| Others | 0.6 | 2.5 | 4.4 | N/A | 170.8% |
| Total | 64.0 | 36.3 | 8.7 | 22.5 | -29.4% |
Top Export Markets for Broken Rice from Morocco in 2022:
- Belgium (54.8 tons)
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