Market Profile - Morocco

Morocco Market Snapshot

Supply/Demand Basics

  • Steady growth of corn imports, 1.9 MMT in 2016.
  • Large local barley crop (3.5 MMT) reduced 2016 imports to 958 TMT.
  • Growing imports of CGF and DDGS.
  • Price-sensitive market with moderate emphasis on quality.

Country Overview

  • Population: 34.8 million
  • Population growth: 1.28%
  • Urban %: 59.9%
  • Urban growth: 2.2%
  • GDP: $252.4 billion
  • GDP growth: 2.9%
  • GDP per capita: $7,606
  • Open-market oriented economy with good diversity (13% agriculture, 29%indus try, 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 cover 49% of corn imports. The U.S. is the 2rd largest exporter with 38%market share.
  • The EU 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.
Morocco Supply Demand