Preserved Sardines Market in Morocco
In value terms, preserved sardines production contracted modestly to $ in estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2009 with an increase of %. Preserved sardines production peaked at $ in , and then fell modestly in the following year.
The size of the preserved sardines market in Morocco soared to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.