Morocco: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Morocco

For the fourth year in a row, the Moroccan off-highway dumper market recorded decline in sales value, which decreased by -21.4% to $X in 2021. Overall, consumption showed a sharp slump. Off-highway dumper consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Off-Highway Dumper Exports

Exports from Morocco

In 2021, approx. X units of dumpers for off-highway use were exported from Morocco; waning by -98.9% against the previous year. Overall, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 14,813% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, off-highway dumper exports dropped markedly to $X in 2021. Over the period under review, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 28,332%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Gabon (X units) was the main destination for off-highway dumper exports from Morocco, accounting for a 73% share of total exports. Moreover, off-highway dumper exports to Gabon exceeded the volume sent to the second major destination, Spain (X units), fivefold. Portugal (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Gabon stood at -19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-27.9% per year) and Portugal (-28.6% per year).

In value terms, Gabon ($X) remains the key foreign market for dumpers for off-highway use exports from Morocco, comprising 96% of total exports. The second position in the ranking was held by Benin ($X), with a 1.7% share of total exports. It was followed by Spain, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value to Gabon totaled -24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (0.0% per year) and Spain (-48.0% per year).

Export Prices by Country

In 2021, the average off-highway dumper export price amounted to $X per unit, which is down by -8.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 90% against the previous year. As a result, the export price attained the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($X per unit), while the average price for exports to Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+33.2%), while the prices for the other major destinations experienced a decline.

Off-Highway Dumper Imports

Imports into Morocco

In 2021, the amount of dumpers for off-highway use imported into Morocco contracted markedly to X units, which is down by -27.9% compared with the previous year's figure. Overall, imports saw a sharp descent. The pace of growth appeared the most rapid in 2015 with an increase of 256% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, off-highway dumper imports fell significantly to $X in 2021. In general, imports saw a significant decrease. The pace of growth was the most pronounced in 2015 with an increase of 312%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of off-highway dumper to Morocco, with a 41% share of total imports. Moreover, off-highway dumper imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. The third position in this ranking was held by the UK (X units), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-22.9% per year) and the UK (-23.2% per year).

In value terms, Japan ($X) constituted the largest supplier of dumpers for off-highway use to Morocco, comprising 36% of total imports. The second position in the ranking was taken by Spain ($X), with a 12% share of total imports. It was followed by the United States, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-20.1% per year) and the United States (-38.2% per year).

Import Prices by Country

In 2021, the average off-highway dumper import price amounted to $X per unit, with a decrease of -14.9% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 49% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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