Morocco: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Morocco

In 2022, the Moroccan market for industrial, laboratory or bakery ovens increased by 14% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption showed mild growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Morocco

In 2022, approx. X units of industrial, laboratory or bakery ovens were exported from Morocco; waning by -11.1% on the previous year's figure. Overall, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2019 with an increase of 38% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven exports totaled $X in 2022. Over the period under review, exports showed a precipitous contraction. The growth pace was the most rapid in 2014 when exports increased by 72%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Guinea (X units), Senegal (X units) and Mali (X units) were the main destinations of industrial, laboratory or bakery oven exports from Morocco, together accounting for 38% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guinea (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial, laboratory or bakery oven exported from Morocco were Italy ($X), Germany ($X) and Mauritania ($X), together comprising 74% of total exports.

Germany, with a CAGR of -2.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, surging by 27% against the previous year. In general, the export price, however, saw a precipitous curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 55%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Italy ($X per unit), while the average price for exports to France ($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 Germany (-2.9%), while the prices for the other major destinations experienced a decline.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Morocco

In 2022, the amount of industrial, laboratory or bakery ovens imported into Morocco rose slightly to X units, growing by 3.9% compared with the year before. In general, imports showed a moderate increase. The pace of growth appeared the most rapid in 2018 when imports increased by 188%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial, laboratory or bakery oven imports soared to $X in 2022. Overall, imports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 81% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X units), Italy (X units) and China (X units) were the main suppliers of industrial, laboratory or bakery oven imports to Morocco, with a combined 17% share of total imports. South Korea, the United States, France, Germany, Belgium and Switzerland lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +56.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial, laboratory or bakery oven suppliers to Morocco were Spain ($X), Italy ($X) and South Korea ($X), with a combined 28% share of total imports. Germany, the United States, France, China, Switzerland and Belgium lagged somewhat behind, together accounting for a further 23%.

The United States, with a CAGR of +33.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, jumping by 44% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 75%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat 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 ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+68.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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