Morocco: Automotive Lighting Market 2024

Automotive Lighting Market Size in Morocco

In 2021, the Moroccan automotive lighting market increased by 37% to $X, rising for the third year in a row after six years of decline. In general, consumption, however, saw a mild decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Automotive Lighting Production in Morocco

In value terms, automotive lighting production shrank to $X in 2021 estimated in export price. In general, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 49%. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Automotive Lighting Exports

Exports from Morocco

For the sixth year in a row, Morocco recorded growth in shipments abroad of automotive lighting, which increased by 52% to X units in 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 213%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, automotive lighting exports soared to $X in 2021. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 166% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Spain (X units) was the main destination for automotive lighting exports from Morocco, with a 87% share of total exports. Moreover, automotive lighting exports to Spain exceeded the volume sent to the second major destination, France (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +63.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+58.2% per year) and Germany (+155.7% per year).

In value terms, Spain ($X) remains the key foreign market for automotive lighting exports from Morocco, comprising 83% of total exports. The second position in the ranking was held by France ($X), with an 8.3% share of total exports. It was followed by Germany, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +51.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+47.7% per year) and Germany (+138.8% per year).

Export Prices by Country

The average automotive lighting export price stood at $X per unit in 2021, declining by -6.3% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 48% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Portugal ($X per unit) and Germany ($X per unit), while the average price for exports to Spain ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (-3.5%), while the prices for the other major destinations experienced a decline.

Automotive Lighting Imports

Imports into Morocco

In 2021, overseas purchases of automotive lighting decreased by -25.2% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 268%. As a result, imports reached the peak of X units, and then fell notably in the following year.

In value terms, automotive lighting imports dropped significantly to $X in 2021. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 270% against the previous year. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of automotive lighting to Morocco, with a 30% share of total imports. Moreover, automotive lighting imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by China (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+34.3% per year) and China (+11.8% per year).

In value terms, Spain ($X) constituted the largest supplier of automotive lighting to Morocco, comprising 31% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +43.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+38.6% per year) and China (+15.3% per year).

Import Prices by Country

The average automotive lighting import price stood at $X per unit in 2021, approximately mirroring the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2014 an increase of 14% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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