Morocco: Computing Machinery Market 2024

Computing Machinery Market Size in Morocco

The Moroccan computing machinery market soared to $X in 2021, rising by 20% 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). The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Computing Machinery Exports

Exports from Morocco

In 2021, the amount of computing machinery and parts and accessories thereof exported from Morocco shrank slightly to X tons, dropping by -3.4% against the previous year. Over the period under review, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2019 with an increase of 11% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, computing machinery exports contracted to $X in 2021. In general, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2014 with an increase of 39% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for computing machinery exports from Morocco, accounting for a 57% share of total exports. Moreover, computing machinery exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic stood at +138.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+56.5% per year) and Spain (+21.8% per year).

In value terms, the Czech Republic ($X), Germany ($X) and France ($X) were the largest markets for computing machinery exported from Morocco worldwide, with a combined 81% share of total exports. These countries were followed by Spain, Egypt and Switzerland, which together accounted for a further 12%.

Among the main countries of destination, Egypt, with a CAGR of +142.7%, saw the highest growth rate of the value of exports, 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 computing machinery export price amounted to $X per ton, dropping by -3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2014 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average 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 Egypt ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Computing Machinery Imports

Imports into Morocco

For the third year in a row, Morocco recorded growth in supplies from abroad of computing machinery and parts and accessories thereof, which increased by 20% to X tons in 2021. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, computing machinery imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of computing machinery imports to Morocco, together accounting for 65% of total imports. The Netherlands, the Czech Republic, Belgium, Poland, France, the United States, the UK and Japan lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +14.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Morocco, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.0% per year) and the Netherlands (+9.3% per year).

Import Prices by Country

In 2021, the average computing machinery import price amounted to $X per ton, reducing by -3.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 18%. As a result, import price attained the peak level of $X per ton. From 2015 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 the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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