Morocco

Market Snapshot 2018 - Morocco - Commodity Table

Supply/Demand Basics

  • Steady growth of corn imports, 2 MMT in 2017.
  • Decrease of local barley crop 600 TMT and imports of 400,000 MT in 2017.
  • Growing imports of DDGS.
  • Price-sensitive market with moderate emphasis on quality.

Country Overview

  • Population / growth: 9 million / 1.35%
  • Urban % / growth: 8% / 2.16%
  • GDP / growth (PPP): $300 billion / 2.9%
  • GDP per capita (PPP): $8,600
  • Open-market oriented economy with good diversity (13% agriculture, 29% industry, 58% services).
  • Government endorses economy reforms that resulted in low inflation and steady economic growth.
  • Political stability and no security issues compared to neighboring countries to the west and the south.
  • Potential to be conduit for trade to West African countries.

Trade and Market Share Issues

  • Argentina is the lead corn supplier with the U.S. at second place with 42% market share.
  • France and the Ukraine are the main barley exporters to Morocco.
  • No barley exports from the U.S.
  • Poultry and dairy are the main consumers of imported corn.

Policy Issues

  • U.S.-Morocco FTA is no longer advantageous as other export origins receive the same import duties on corn and other feed products.

Market Snapshot 2018 - Morocco - Chart