India’s exports of sugar to Morocco stood at US$1.32 million in 2016, according to Trading Economics global macro models and the latest IMF data. In the long term, the Indian Sugar Exports to Morocco was projected to trend around US$1.36 million in 2020, according to our econometric models. India’s exports of sugar to Morocco are expected to increase 97.2% from 2016 to 2020 at an estimated annual rate of 9.6%.
In the last five years, global sugar prices have been on a roller coaster ride as a result of trade restrictions and weather-related events such as droughts and hurricanes. The U.S., one of the world’s largest importers of sugar, has imposed import duties on Venezuelan raw sugar and is also considering imposing tariffs on imports from Mexico due to concerns about lax border security and drug trafficking.
Sugar Export From India To Morocco
Sugar export from India to Morocco is expected to grow at a CAGR of 1.53% during the forecast period, 2019-2023. Sugar exports from India to Morocco were USD 0.66 billion in 2018 and are expected to reach USD 0.72 billion by 2023 end.
Sugar import Morocco has been increasing over the years mainly due to the increasing demand for sugar in Morocco. The Moroccan government has been promoting the production of sugarcane in order to increase the domestic supply of sugarcane and reduce dependency on imports from other countries like Brazil, Thailand and Mauritania.
The Moroccan government has also been providing subsidies for cultivation of sugarcane as well as ethanol production plants in order to promote local production of sugarcane products which include molasses, bagasse and fuel alcohols such as ethanol, methanol and propanol etc.
Demand of Sugar in Morocco
The demand for sugar in Morocco is on the increase. The major reason behind this is the ever-growing population as well as the rising economy. In addition, many people have become aware of the fact that sugar has many health benefits and it can also help to lose weight.
The per capita consumption of sugar in Morocco is about 22 kgs per year and this is expected to rise further due to increasing awareness among people regarding its health benefits. The demand for sugar will continue to increase at a steady rate till 2023 due to growing population, increase in disposable income along with changing lifestyle patterns.
Sugar Market Size of Morocco
The sugar market size of Morocco is projected to remain stable during the forecast period. The consumption of sugar in Morocco is expected to reach 2 million tonnes by 2025-end.
Sugar consumption in Morocco has been steadily increasing over the past few years and is projected to increase at a CAGR of 3% during the forecast period 2019-2025. The growth in demand for sugar can be attributed to its sweet taste, which makes it an essential ingredient across various food & beverage products such as confectionery, bakery, beverages etc. In addition, growing health consciousness among consumers is one of the key drivers for the growth of this market.
According to a report by Transparency Market Research (TMR), the global sugar market was valued at USD 66 billion in 2018 and is expected to reach USD 80 billion by 2024, growing at 5.2% annually during 2019-2025.
Buy Sugar Online in Morocco Through Tradologie.com
If you’re looking to import sugar in Morocco, you can procure online sugar through Tradologie.com. The Platform offers a variety of sugar from around the world at affordable prices. You can choose from different kinds of sugar including brown sugar, powdered sugar, and more.
Tradologie.com is a B2B Platform but it is not just another B2B trade platform, the platform is the world’s first next-generation digital trade hub for food and agri-commodities. The platform has unique features such as a reverse bidding mechanism so that buyers can negotiate prices directly from the manufacturers in real-time. It eliminates intermediaries so that you can buy sugar at a fraction of the cost. With Tradologie.com, you can buy sugar in Morocco without making a phone call or an email through Tradologie.com.