Report Update Nov 1, 2024

Morocco - Compressors for Refrigeration Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in Morocco

The Moroccan refrigerator compressor market skyrocketed to $X in 2022, picking up by 112% 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). Overall, consumption posted a remarkable increase. Refrigerator compressor consumption peaked in 2022 and is likely to see gradual growth in years to come.

Refrigerator Compressor Exports

Exports from Morocco

Refrigerator compressor exports from Morocco skyrocketed to X units in 2022, with an increase of 347% on the previous year's figure. Over the period under review, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, refrigerator compressor exports reduced to $X in 2022. In general, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 91% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritania (X units), Germany (X units) and Cote d'Ivoire (X units) were the main destinations of refrigerator compressor exports from Morocco, together comprising 8.3% of total exports. Ghana, Slovakia, Libya, the Netherlands and Algeria lagged somewhat behind, together comprising a further 5.1%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +57.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) emerged as the key foreign market for compressors for refrigeration equipment exports from Morocco, comprising 51% of total exports. The second position in the ranking was held by Mauritania ($X), with an 11% share of total exports. It was followed by Germany, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia stood at +392.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+15.5% per year) and Germany (+14.2% per year).

Export Prices by Country

In 2022, the average refrigerator compressor export price amounted to $X per unit, falling by -79.6% against the previous year. Overall, the export price continues to indicate a significant curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Ghana ($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 Slovakia (+213.4%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports

Imports into Morocco

Refrigerator compressor imports into Morocco surged to X units in 2022, increasing by 175% against the previous year. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, refrigerator compressor imports reduced to $X in 2022. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 106%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Malaysia (X units), China (X units) and Brazil (X units) were the main suppliers of refrigerator compressor imports to Morocco, with a combined 13% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +105.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of compressors for refrigeration equipment to Morocco, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at +105.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.9% per year) and Germany (+11.8% per year).

Import Prices by Country

In 2022, the average refrigerator compressor import price amounted to $X per unit, declining by -65.9% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 7.1%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for compressors for refrigeration equipment in the world?

The country with the largest volume of refrigerator compressor consumption was China, accounting for 29% of total volume. Moreover, refrigerator compressor consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with an 8.3% share.

What are the largest producers of compressors for refrigeration equipment in the world?

The country with the largest volume of refrigerator compressor production was China, accounting for 50% of total volume. Moreover, refrigerator compressor production in China exceeded the figures recorded by the second-largest producer, India, eightfold. The third position in this ranking was occupied by Japan, with a 5.8% share.

What are the leading suppliers of compressors for refrigeration equipment to Morocco?

In value terms, Austria, Spain and China constituted the largest refrigerator compressor suppliers to Morocco, together comprising 58% of total imports. Germany, Malaysia, France and Brazil lagged somewhat behind, together accounting for a further 29%.

What are the leading importers of compressors for refrigeration equipment from Morocco?

In value terms, Spain remains the key foreign market for refrigerator compressor exports from Morocco, comprising 80% of total exports. The second position in the ranking was occupied by Algeria, with a 13% share of total exports.

What is the average export price for compressors for refrigeration equipment in Morocco?

In 2021, the average refrigerator compressor export price amounted to $51 per unit, reducing by -13% against the previous year.

What is the average import price for compressors for refrigeration equipment in Morocco?

In 2021, the average refrigerator compressor import price amounted to $18 per unit, declining by -18.6% against the previous year.

This report provides an in-depth analysis of the refrigerator compressor 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 28132300 - Compressors for refrigeration equipment

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