Morocco: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Morocco

The Moroccan market for turbo, rotary and reciporating displacement compressors reduced slightly to $X in 2022, with a decrease of -4.2% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Morocco

In value terms, production of turbo, rotary and reciporating displacement compressors reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 46% against the previous year. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Morocco

After six years of growth, shipments abroad of turbo, rotary and reciporating displacement compressors decreased by -15.2% to X units in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 325% against the previous year. The exports peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors declined to $X in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 368% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Spain (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Morocco, accounting for a 82% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to Spain exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The Netherlands (X units) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +142.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+85.9% per year) and the Netherlands (+54.6% per year).

In value terms, Spain ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Morocco, comprising 69% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 21% share of total exports. It was followed by France, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at +269.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+138.2% per year) and France (+83.6% per year).

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, with an increase of 15% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for turbo, rotary and reciporating displacement compressors increased by +118.6% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Germany ($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 Slovakia (+503.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Morocco

Imports of turbo, rotary and reciporating displacement compressors into Morocco expanded rapidly to X units in 2022, with an increase of 7.8% on the previous year's figure. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 102%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of turbo, rotary and reciporating displacement compressors rose remarkably to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 163%. Over the period under review, imports of reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X units), Italy (X units) and France (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to Morocco, with a combined 66% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +105.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Malaysia ($X) and Italy ($X) appeared to be the largest turbo, rotary and reciporating displacement compressor suppliers to Morocco, together accounting for 50% of total imports.

Among the main suppliers, Malaysia, with a CAGR of +72.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, falling by -2.4% against the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 53%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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