Morocco: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Morocco

The Moroccan market for electric burglar or fire alarms and similar apparatus was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Morocco

In 2021, approx. X units of electric burglar or fire alarms and similar apparatus were exported from Morocco; reducing by -12.6% against 2020. In general, exports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2015 with an increase of 428% against the previous year. The exports peaked at X units in 2020, and then declined in the following year.

In value terms, electric burglar or fire alarm exports reduced to $X in 2021. Over the period under review, exports saw a noticeable slump. The growth pace was the most rapid in 2015 with an increase of 1,032% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Senegal (X units), Cote d'Ivoire (X units) and Chad (X units) were the main destinations of electric burglar or fire alarm exports from Morocco, together comprising 58% of total exports. Spain, Mauritania, Burkina Faso, Togo, France and Congo lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Togo (with a CAGR of +287.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Burkina Faso ($X) appeared to be the largest markets for electric burglar or fire alarm exported from Morocco worldwide, with a combined 54% share of total exports. These countries were followed by Togo, Mauritania, Chad, Spain, France and Congo, which together accounted for a further 25%.

Togo, with a CAGR of +382.7%, recorded the highest growth rate of the value of exports, in terms of 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 export price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, picking up by 3.1% against the previous year. In general, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 114% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Congo ($X per unit), while the average price for exports to Spain ($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 Togo (+24.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Morocco

After three years of decline, overseas purchases of electric burglar or fire alarms and similar apparatus increased by 1.5% to X units in 2021. In general, imports, however, showed a noticeable contraction. The growth pace was the most rapid in 2013 when imports increased by 28%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, electric burglar or fire alarm imports skyrocketed to $X in 2021. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.8% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 55% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Spain (X units) and France (X units) were the main suppliers of electric burglar or fire alarm imports to Morocco, with a combined 61% share of total imports. These countries were followed by Italy, Portugal, Germany, Bulgaria, Romania, the UK and Mexico, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +72.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and Germany ($X) constituted the largest electric burglar or fire alarm suppliers to Morocco, together accounting for 37% of total imports. These countries were followed by Spain, Italy, Romania, Bulgaria, the UK, Mexico and Portugal, which together accounted for a further 43%.

Romania, with a CAGR of +72.3%, recorded the highest growth rate of 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

In 2021, the average import price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, rising by 37% against the previous year. Over the period under review, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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