Moroccan Pepper Dominance: Second Largest Supplier to EU in Q1 2024
In a remarkable display of agricultural prowess, Morocco has solidified its position as the second-largest supplier of peppers to the European Union (EU) market during the first quarter of 2024. According to the specialized website Hortoinfo, which based its analysis on data from the statistical service Euroestacom (ICEX-Eurostat), Morocco's pepper exports to EU markets surged by an impressive 48.47% compared to the same period in 2019, reaching a volume of nearly 64,000 tons.
This impressive export performance has yielded Moroccan exporters a substantial revenue of 84.88 million euros, with an average price of 1.33 euros per kilogram. Consequently, Morocco now holds a commanding 19.23% share of the total pepper sales in EU markets during the first three months of 2024, firmly securing its position as the second-largest supplier.
While Morocco basked in the success of its pepper exports, Spain retained its top spot, accounting for nearly half of the peppers sold in EU markets during the same period. However, it is noteworthy that Spain's exports experienced a significant decline of 46.33% compared to the end of March 2019. Interestingly, according to the same source, the EU's overall pepper imports witnessed a remarkable 28% decrease during the period under consideration.
The third-place position was claimed by Turkey, with a sales volume of over 38,000 tons of peppers in EU markets between January and March 2024, capturing an 11.43% market share. Following closely behind were Germany (with 19,000 tons) and the Netherlands (15,000 tons).
Morocco's ascent to the second-largest supplier of peppers to the EU market is a testament to the country's unwavering commitment to agricultural excellence and its ability to meet the demands of the European market. This achievement not only underscores Morocco's strategic positioning in the global agricultural trade but also highlights the nation's potential for further growth and diversification in the export of high-quality produce.
As the world's appetite for fresh and nutritious agricultural products continues to grow, Morocco's remarkable performance in the pepper export sector serves as a compelling narrative of innovation, adaptability, and a deep-rooted dedication to sustainable agricultural practices. With this accomplishment, Morocco has once again demonstrated its capacity to compete on the global stage, setting the stage for even greater successes in the years to come.