Morocco: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Morocco

The Moroccan market for electrical boards, panels, consoles, desks and cabinets was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from Morocco

In 2021, electric board, desk and panel exports from Morocco stood at X units, increasing by 3% on the previous year. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 213%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, electric board, desk and panel exports reduced modestly to $X in 2021. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by 73% against the previous year. The exports peaked at $X in 2020, and then contracted slightly in the following year.

Exports by Country

France (X units) was the main destination for electric board, desk and panel exports from Morocco, with a 84% share of total exports. Moreover, electric board, desk and panel exports to France exceeded the volume sent to the second major destination, Spain (X units), tenfold. Senegal (X units) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+52.8% per year) and Senegal (-18.9% per year).

In value terms, France ($X) remains the key foreign market for electrical boards, panels, consoles, desks and cabinets exports from Morocco, comprising 86% of total exports. The second position in the ranking was held by Spain ($X), with a 3.2% share of total exports. It was followed by Mauritania, with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+47.1% per year) and Mauritania (+0.2% per year).

Export Prices by Country

In 2021, the average export price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, dropping by -4% against the previous year. Over the period under review, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 122% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cameroon ($X per unit), while the average price for exports to Spain ($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 Cameroon (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into Morocco

In 2021, approx. X units of electrical boards, panels, consoles, desks and cabinets were imported into Morocco; picking up by 12% on 2020. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 37% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, electric board, desk and panel imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a mild contraction. The growth pace was the most rapid in 2016 with an increase of 41%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X units), Spain (X units) and China (X units) were the main suppliers of electric board, desk and panel imports to Morocco, together accounting for 77% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +28.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Spain ($X) and France ($X) appeared to be the largest electric board, desk and panel suppliers to Morocco, together comprising 56% of total imports.

Among the main suppliers, Turkey, with a CAGR of +29.9%, recorded 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 import price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, surging by 12% against the previous year. Overall, the import price, however, showed a deep downturn. The growth pace was the most rapid in 2013 when the average import price increased by 23%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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