Morocco: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Morocco

The Moroccan market for tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced to $X in 2022, falling by -14.5% 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). The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Morocco

In 2022, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles exported from Morocco dropped notably to X units, declining by -51% compared with the year before. Overall, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2015 with an increase of 113% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles shrank sharply to $X in 2022. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 132%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X units) was the main destination for exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Morocco, with a 88% share of total exports. Moreover, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Mauritania exceeded the volume sent to the second major destination, Senegal (X units), more than tenfold. Guinea (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania amounted to +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (-11.5% per year) and Guinea (-12.9% per year).

In value terms, Mauritania ($X) remains the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Morocco, comprising 87% of total exports. The second position in the ranking was held by Senegal ($X), with a 6.4% share of total exports. It was followed by Sudan, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mauritania totaled +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (-4.4% per year) and Sudan (-28.0% per year).

Export Prices by Country

The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, jumping by 58% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 95% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per unit), while the average price for exports to Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1,512.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Morocco

In 2022, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles into Morocco contracted markedly to X units, falling by -21.4% compared with the previous year. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 85%. As a result, imports reached the peak of X units, and then shrank significantly in the following year.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles dropped to $X in 2022. In general, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest agricultural, construction and industrial machinery tyre supplier to Morocco, with a 50% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), twofold. India (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.4% per year) and India (+8.7% per year).

In value terms, Turkey ($X) constituted the largest supplier of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Morocco, comprising 31% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by France, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.8% per year) and France (+6.5% per year).

Import Prices by Country

The average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, with an increase of 17% against the previous year. Overall, the import price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 20%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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