Morocco’s fisheries exports reached a record $2.7 billion in 2022

Published 2023년 1월 30일

Tridge summary

Morocco's fisheries exports hit a record high of 883,000 tons, valued at MAD 28 billion ($2.7 billion) in 2022, marking an annual increase of 13% in volume and 16% in value. The growth was led by high global demand for canned and frozen sardines, as well as fishmeal and oil. Morocco is the world's largest exporter of canned sardines and semi-preserved anchovies, and the demand for these products rose by 33% and 71% respectively. The diversity of Morocco's food industry and a strategic marketing approach by the ministry have contributed to this success, with 130 countries making up the kingdom's fisheries market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The increase in the volume of exports was the direct result of increasing demand abroad for Morocco’s fisheries products. Rabat - Morocco’s fisheries exports reached 883,000 tons, with a record value of MAD 28 billion ($2.7 billion) at the end of 2022. Fisheries exports rose by an annual average of 13% in volume and 16% in value at the end of 2022, according to Zakia Driouich, Secretary General of the Ministry of Agriculture, Maritime Fisheries, Rural Development, and Water and Forests. Speaking in an interview with Morocco’s state-owned media MAP, Driouich explained that the increase mainly concerned canned sardines that recorded an annual growth of 9% in volume. Other fisheries products that saw a significant increase include frozen sardines, with an export volume increase of 43%, and fishmeal and oil, with a 36% increase. The increase in the volume of exports was the direct result of increasing demand abroad on Morocco’s fisheries products. Demand for canned sardines rose by ...

Source: MoroccoWorldNews