Report Update Nov 1, 2024

Morocco - Castors With Mountings of Base Metal - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Metal Castor Mounting Market 2024

Metal Castor Mounting Market Size in Morocco

The Moroccan metal castor mounting market surged to $X in 2022, picking up by 38% 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 recorded a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Metal Castor Mounting Exports

Exports from Morocco

Metal castor mounting exports from Morocco reduced remarkably to X tons in 2022, waning by -48% on 2021. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 8,058%. As a result, the exports reached the peak of X tons, and then reduced notably in the following year.

In value terms, metal castor mounting exports contracted notably to $X in 2022. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 10,677%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Spain (X tons) was the main destination for metal castor mounting exports from Morocco, with a 55% share of total exports. Moreover, metal castor mounting exports to Spain exceeded the volume sent to the second major destination, Italy (X kg), twofold. Turkey (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +49.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+85.5% per year) and Turkey (0.0% per year).

In value terms, Spain ($X) remains the key foreign market for castors with mountings of base metal exports from Morocco, comprising 61% of total exports. The second position in the ranking was taken by Italy ($X), with a 17% share of total exports. It was followed by Turkey, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at +73.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+85.7% per year) and Turkey (0.0% per year).

Export Prices by Country

The average metal castor mounting export price stood at $X per ton in 2022, dropping by -20.2% against the previous year. In general, the export price showed a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 125% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Castor Mounting Imports

Imports into Morocco

In 2022, approx. X tons of castors with mountings of base metal were imported into Morocco; growing by 60% on 2021 figures. Overall, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal castor mounting imports skyrocketed to $X in 2022. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 48%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of metal castor mounting to Morocco, accounting for a approx. 95% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +15.4%.

In value terms, China ($X) constituted the largest supplier of castors with mountings of base metal to Morocco.

From 2012 to 2022, the average annual growth rate of value from China amounted to +15.8%.

Import Prices by Country

In 2022, the average metal castor mounting import price amounted to $X per ton, falling by -18.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 13% against the previous year. The import price peaked at $X per ton in 2021, and then reduced markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for castors with mountings of base metal in the world?

China remains the largest metal castor mounting consuming country worldwide, comprising approx. 27% of total volume. Moreover, metal castor mounting consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. Germany ranked third in terms of total consumption with a 10% share.

What are the largest producers of castors with mountings of base metal in the world?

China constituted the country with the largest volume of metal castor mounting production, accounting for 45% of total volume. Moreover, metal castor mounting production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Germany ranked third in terms of total production with a 10% share.

What are the leading suppliers of castors with mountings of base metal to Morocco?

In value terms, China constituted the largest supplier of metal castor mounting to Morocco, comprising 62% of total imports. The second position in the ranking was occupied by Spain, with a 15% share of total imports. It was followed by Italy, with a 5.6% share.

What are the leading importers of castors with mountings of base metal from Morocco?

In value terms, Mauritania $706) remains the key foreign market for metal castor mounting exports from Morocco.

What is the average export price for castors with mountings of base metal in Morocco?

In 2021, the average metal castor mounting export price amounted to $7,060 per ton, declining by -30.4% against the previous year.

What is the average import price for castors with mountings of base metal in Morocco?

The average metal castor mounting import price stood at $2,260 per ton in 2021, dropping by -2.1% against the previous year.

This report provides an in-depth analysis of the metal castor mounting market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25721420 - Castors with mountings of base metal

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023