Morocco: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Morocco

The Moroccan conveyor or transmission belt market shrank to $X in 2021, which is down by -13.9% against the previous year. Over the period under review, consumption saw a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Morocco

In value terms, conveyor or transmission belt production declined notably to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt decline. The growth pace was the most rapid in 2014 when the production volume increased by 135% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Morocco

In 2021, exports of conveyor or transmission belts or belting from Morocco soared to X tons, growing by 35% against the year before. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 210% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, conveyor or transmission belt exports surged to $X in 2021. Overall, exports enjoyed a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of 289%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Guinea (X tons) was the main destination for conveyor or transmission belt exports from Morocco, accounting for a 58% share of total exports. Moreover, conveyor or transmission belt exports to Guinea exceeded the volume sent to the second major destination, Italy (X tons), sixfold. The third position in this ranking was held by Senegal (X tons), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guinea totaled +95.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+27.4% per year) and Senegal (+23.3% per year).

In value terms, Guinea ($X), Italy ($X) and Senegal ($X) constituted the largest markets for conveyor or transmission belt exported from Morocco worldwide, together accounting for 61% of total exports. Mauritania, Guinea-Bissau, Cameroon, Djibouti, Burkina Faso and France lagged somewhat behind, together comprising a further 24%.

Guinea-Bissau, with a CAGR of +80.6%, 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 conveyor or transmission belt export price amounted to $X per ton, declining by -7.1% against the previous year. Overall, the export price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 67% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 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 Cameroon ($X per ton), while the average price for exports to Guinea ($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 Cameroon (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Morocco

In 2021, conveyor or transmission belt imports into Morocco shrank slightly to X tons, remaining relatively unchanged against the previous year's figure. Overall, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 74%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, conveyor or transmission belt imports rose markedly to $X in 2021. Over the period under review, imports saw a noticeable descent. The growth pace was the most rapid in 2013 with an increase of 76%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of conveyor or transmission belt imports to Morocco, with a combined 54% share of total imports. Italy, China, Romania, the Netherlands, France and Hungary lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +72.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest conveyor or transmission belt suppliers to Morocco were Italy ($X), Germany ($X) and France ($X), with a combined 40% share of total imports. These countries were followed by Poland, Turkey, Romania, China, the Netherlands and Hungary, which together accounted for a further 40%.

Romania, with a CAGR of +51.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average conveyor or transmission belt import price stood at $X per ton in 2021, increasing by 11% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 24%. The import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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