Morocco: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in Morocco

The Moroccan metal vehicle lock market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a slight contraction. Metal vehicle lock consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Vehicle Lock Production in Morocco

In value terms, metal vehicle lock production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 45% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Vehicle Lock Exports

Exports from Morocco

In 2021, the amount of base metal motor vehicle locks exported from Morocco soared to X tons, rising by 14,784% on the year before. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 31,546% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal vehicle lock exports surged to $X in 2021. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for metal vehicle lock exports from Morocco, accounting for a 81% share of total exports. Moreover, metal vehicle lock exports to the UK exceeded the volume sent to the second major destination, the Czech Republic (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +234.8%.

In value terms, the UK ($X) remains the key foreign market for base metal motor vehicle locks exports from Morocco, comprising 82% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +225.3%.

Export Prices by Country

The average metal vehicle lock export price stood at $X per ton in 2021, falling by -36.7% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 515%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to the Czech Republic stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-2.5%).

Metal Vehicle Lock Imports

Imports into Morocco

In 2021, imports of base metal motor vehicle locks into Morocco soared to X tons, jumping by 701% compared with the year before. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal vehicle lock imports surged to $X in 2021. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Slovakia (X tons) and China (X tons) were the main suppliers of metal vehicle lock imports to Morocco, with a combined 90% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +140.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Slovakia ($X) and China ($X) appeared to be the largest metal vehicle lock suppliers to Morocco, with a combined 96% share of total imports.

Among the main suppliers, Slovakia, with a CAGR of +137.9%, 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

In 2021, the average metal vehicle lock import price amounted to $X per ton, jumping by 108% against the previous year. Over the period under review, the import price enjoyed a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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