Morocco: Market for Electric Shavers, Hair-Removing Appliances And Hair Clippers 2024

Market Size for Electric Shavers, Hair-Removing Appliances And Hair Clippers in Morocco

In 2022, the Moroccan market for electric shavers, hair-removing appliances and hair clippers decreased by -0.9% to $X, falling for the second year in a row after five years of growth. Overall, consumption recorded a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Exports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Exports from Morocco

In 2022, approx. X units of electric shavers, hair-removing appliances and hair clippers were exported from Morocco; jumping by 1,063% on the previous year. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,400%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers surged to $X in 2022. Over the period under review, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Senegal (X units), France (X units) and Libya (X units) were the main destinations of exports of electric shavers, hair-removing appliances and hair clippers from Morocco, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +39.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), France ($X) and Libya ($X) were the largest markets for electric shavers, hair-removing appliances and hair clippers exported from Morocco worldwide, with a combined 99% share of total exports.

Senegal, with a CAGR of +49.8%, 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

The average export price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, growing by 15% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 50%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per unit) and France ($X per unit), while the average price for exports to Bulgaria ($X per unit) and Libya ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Imports into Morocco

In 2022, the amount of electric shavers, hair-removing appliances and hair clippers imported into Morocco expanded markedly to X units, increasing by 6.7% compared with the previous year's figure. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 58% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers declined slightly to $X in 2022. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 71% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric shavers, hair-removing appliances and hair clippers to Morocco, with a 79% share of total imports. Moreover, imports of electric shavers, hair-removing appliances and hair clippers from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by Hungary (X units), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.1% per year) and Hungary (+34.9% per year).

In value terms, China ($X) constituted the largest supplier of electric shavers, hair-removing appliances and hair clippers to Morocco, comprising 79% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.3% share of total imports. It was followed by Hungary, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.9% per year) and Hungary (+35.6% per year).

Import Prices by Country

In 2022, the average import price for electric shavers, hair-removing appliances and hair clippers amounted to $X per unit, with a decrease of -7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. The import price peaked at $X per unit in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and China ($X per unit), while the price for Hungary ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :