Morocco: Magnetic Card Market 2025

Magnetic Card Market Size in Morocco

In 2021, the Moroccan magnetic card market decreased by -39.4% to $X, falling for the fifth consecutive year after five years of growth. Over the period under review, consumption showed a sharp curtailment. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Magnetic Card Exports

Exports from Morocco

In 2021, overseas shipments of cards incorporating a magnetic stripe increased by 84% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a dramatic descent. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, magnetic card exports surged to $X in 2021. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 57% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Mali (X units), Congo (X units) and Madagascar (X units) were the main destinations of magnetic card exports from Morocco, together accounting for 60% of total exports.

From 2015 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mali (with a CAGR of +8.8%), while the other leaders experienced a decline.

In value terms, the largest markets for magnetic card exported from Morocco were Congo ($X), Cote d'Ivoire ($X) and Madagascar ($X), together accounting for 63% of total exports. Mali, Belgium, Democratic Republic of the Congo, France, Burundi, Burkina Faso, Benin, Rwanda and Senegal lagged somewhat behind, together comprising a further 21%.

Belgium, with a CAGR of +49.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average magnetic card export price amounted to $X per unit, waning by -33.6% against the previous year. Over the period under review, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 139% against the previous year. The export price peaked at $X per unit in 2020, and then declined significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Rwanda ($X per unit) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+85.6%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Card Imports

Imports into Morocco

In 2021, overseas purchases of cards incorporating a magnetic stripe decreased by -29.6% to X units, falling for the fifth consecutive year after two years of growth. Over the period under review, imports recorded a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of 47% 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 somewhat lower figure.

In value terms, magnetic card imports contracted remarkably to $X in 2021. In general, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2016 with an increase of 35% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) were the main suppliers of magnetic card imports to Morocco, together accounting for 43% of total imports. The UK, Spain, France, Algeria, Italy and Germany lagged somewhat behind, together accounting for a further 24%.

From 2015 to 2021, the biggest increases were recorded for the UK (with a CAGR of -5.4%), while purchases for the other leaders experienced a decline.

In value terms, Spain ($X), China ($X) and the United Arab Emirates ($X) constituted the largest magnetic card suppliers to Morocco, with a combined 44% share of total imports. France, Saudi Arabia, the UK, Italy, Algeria and Germany lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, the UK, with a CAGR of -0.3%, 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 a decline.

Import Prices by Country

In 2021, the average magnetic card import price amounted to $X per unit, waning by -13.3% against the previous year. In general, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 an increase of 0.3% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Algeria ($X per unit) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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