Morocco: Crane Market 2025

Crane Market Size in Morocco

The Moroccan crane market declined rapidly to $X in 2022, waning by -41.5% 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 saw a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Crane Exports

Exports from Morocco

In 2022, crane exports from Morocco shrank dramatically to X units, with a decrease of -59.6% compared with the previous year's figure. Over the period under review, exports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 130%. As a result, the exports attained the peak of X units, and then shrank dramatically in the following year.

In value terms, crane exports contracted sharply to $X in 2022. In general, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by 155%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Cote d'Ivoire (X units), Turkey (X units) and Mauritania (X units) were the main destinations of crane exports from Morocco, with a combined 84% share of total exports. Senegal, Burkina Faso, Gabon and Spain lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of +81.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exports from Morocco, comprising 82% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 9% share of total exports. It was followed by Burkina Faso, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+84.7% per year) and Burkina Faso (+319.4% per year).

Export Prices by Country

The average crane export price stood at $X per unit in 2022, growing by 55% against the previous year. Over the period under review, the export price recorded strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Cote d'Ivoire ($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 Turkey (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Morocco

In 2022, crane imports into Morocco dropped sharply to X units, waning by -29.4% against the previous year's figure. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, crane imports dropped markedly to $X in 2022. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 99% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of crane to Morocco, with a 59% share of total imports. Moreover, crane imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. France (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.1% per year) and France (-7.6% per year).

In value terms, the largest crane suppliers to Morocco were Italy ($X), Spain ($X) and Germany ($X), with a combined 69% share of total imports. France, China, the United States, Japan and Ireland lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, China, with a CAGR of +26.0%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average crane import price amounted to $X per unit, waning by -33% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 59% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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