Morocco: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Morocco

In 2022, the Moroccan tow-behind air compressor market decreased by -6.7% to $X for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.8% against 2014 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Tow-Behind Air Compressor Exports

Exports from Morocco

Tow-behind air compressor exports from Morocco soared to X units in 2022, picking up by 193% on the previous year's figure. Overall, exports, however, continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2020 with an increase of 344%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, tow-behind air compressor exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 432% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritania (X units) was the main destination for tow-behind air compressor exports from Morocco, with a 43% share of total exports. Moreover, tow-behind air compressor exports to Mauritania exceeded the volume sent to the second major destination, Senegal (X units), twofold. Gabon (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania totaled +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+1.3% per year) and Gabon (+21.5% per year).

In value terms, Mauritania ($X) remains the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Morocco, comprising 47% of total exports. The second position in the ranking was held by Senegal ($X), with a 21% share of total exports. It was followed by Gabon, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mauritania stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+0.4% per year) and Gabon (+61.6% per year).

Export Prices by Country

In 2022, the average tow-behind air compressor export price amounted to $X per unit, flattening at the previous year. Over the period under review, the export price, however, showed a mild slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guinea ($X per unit), while the average price for exports to Libya ($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 Benin (+46.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Morocco

In 2022, supplies from abroad of air compressors mounted on a wheeled chassis for towing decreased by -20.4% to X units, falling for the second year in a row after six years of growth. Over the period under review, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 25%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tow-behind air compressor imports fell modestly to $X in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.5% against 2014 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tow-behind air compressor to Morocco, accounting for a 27% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. Belgium (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.3% per year) and Belgium (-3.7% per year).

In value terms, China ($X) constituted the largest supplier of air compressors mounted on a wheeled chassis for towing to Morocco, comprising 33% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.5% per year) and Belgium (-3.9% per year).

Import Prices by Country

The average tow-behind air compressor import price stood at $X per unit in 2022, picking up by 25% against the previous year. Overall, the import price, however, showed a slight contraction. The pace of growth was the most pronounced in 2021 an increase of 39%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China ($X per unit), while the price for Switzerland ($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 (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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