Morocco: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in Morocco

The Moroccan special vehicle body market rose modestly to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a mild increase. Special vehicle body consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Special Vehicle Body Exports

Exports from Morocco

Special vehicle body exports from Morocco declined sharply to X units in 2022, with a decrease of X% compared with 2021. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, special vehicle body exports fell remarkably to $X in 2022. Overall, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for special vehicle body exports from Morocco, accounting for a X% share of total exports. Moreover, special vehicle body exports to Turkey exceeded the volume sent to the second major destination, the Netherlands (X units), sevenfold. Belgium (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, Belgium ($X) emerged as the key foreign market for bodies for special purpose motor vehicles exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average special vehicle body export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, continues to indicate a significant curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Turkey ($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 Algeria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Special Vehicle Body Imports

Imports into Morocco

For the third consecutive year, Morocco recorded growth in overseas purchases of bodies for special purpose motor vehicles, which increased by X% to X units in 2022. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, special vehicle body imports contracted to $X in 2022. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), Japan (X units) and South Korea (X units) were the main suppliers of special vehicle body imports to Morocco, together accounting for X% of total imports. Turkey, France, China, Portugal, Brazil, Italy, the Netherlands, Sweden and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest special vehicle body suppliers to Morocco were Japan ($X), Turkey ($X) and France ($X), with a combined X% share of total imports. Spain, Italy, China, South Korea, Portugal, Brazil, Germany, the Netherlands and Sweden lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Brazil, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average special vehicle body import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :