In 2023, the value of cherries exported to Morocco by Spain stood at 81.0 thousand US dollars. Based on the forecast data, the export value is expected to reach 88.0 thousand US dollars in 2024, growing year-on-year by 8.6%. In subsequent years, the values are projected to increase to 95.0 thousand US dollars in 2025 (7.95% YoY), 103.0 thousand US dollars in 2026 (8.42% YoY), 110.0 thousand US dollars in 2027 (6.80% YoY), and 117.0 thousand US dollars in 2028 (6.36% YoY). This represents a compound annual growth rate (CAGR) of 7.61% from 2023 to 2028.
Future trends to watch for include the impact of climatic changes on cherry production, potential trade policy adjustments between Spain and Morocco, and evolving consumer preferences in Morocco which may influence the growth rate of cherry exports. Additionally, monitoring advancements in agricultural technology and supply chain efficiency could also help in forecasting and strategizing for future market dynamics.
