Morocco: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Morocco

The Moroccan air conditioning machine market contracted notably to $X in 2021, waning by -36.3% against the previous year. Overall, consumption recorded a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Air Conditioning Machine Production in Morocco

In value terms, air conditioning machine production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, saw perceptible growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 163% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Morocco

In 2021, overseas shipments of air conditioning machines decreased by -4% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 800%. As a result, the exports reached the peak of X units, and then declined slightly in the following year.

In value terms, air conditioning machine exports soared to $X in 2021. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 509%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X units) was the main destination for air conditioning machine exports from Morocco, with a 98% share of total exports. It was followed by Cote d'Ivoire (X units), with a 1.8% share of total exports. Algeria (X units) ranked third in terms of total exports with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +124.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+162.2% per year) and Algeria (-24.7% per year).

In value terms, Spain ($X) remains the key foreign market for air conditioning machine exports from Morocco, comprising 94% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 3.3% share of total exports. It was followed by Algeria, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +90.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+146.6% per year) and Algeria (-18.6% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, increasing by 22% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Algeria ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+8.1%), while the prices for the other major destinations experienced a decline.

Air Conditioning Machine Imports

Imports into Morocco

In 2021, supplies from abroad of air conditioning machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a perceptible descent. The growth pace was the most rapid in 2016 when imports increased by 53%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, air conditioning machine imports expanded markedly to $X in 2021. In general, imports, however, continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2016 with an increase of 66% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of air conditioning machine to Morocco, accounting for a 55% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. Spain (X units) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-2.0% per year) and Spain (+3.9% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Morocco, comprising 50% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.5% per year) and Italy (-0.9% per year).

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, rising by 7.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 8.7%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :