Morocco: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Morocco

The Moroccan electric soldering iron market surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded a significant increase. Electric soldering iron consumption peaked in 2022 and is expected to retain growth in the immediate term.

Electric Soldering Iron Production in Morocco

In value terms, electric soldering iron production declined to $X in 2022 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Electric Soldering Iron Exports

Exports from Morocco

In 2022, electric soldering iron exports from Morocco fell significantly to X units, with a decrease of X% against the year before. Over the period under review, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, electric soldering iron exports declined significantly to $X in 2022. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for electric soldering iron exports from Morocco, accounting for a X% share of total exports. Moreover, electric soldering iron exports to Spain exceeded the volume sent to the second major destination, Congo (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to X%.

In value terms, Spain ($X) remains the key foreign market for electric soldering irons and guns exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Congo ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain totaled X%.

Export Prices by Country

In 2022, the average electric soldering iron export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($X per unit), while the average price for exports to Spain amounted to $X per unit.

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

Electric Soldering Iron Imports

Imports into Morocco

Electric soldering iron imports into Morocco soared to X units in 2022, picking up by X% compared with 2021. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric soldering iron imports expanded markedly to $X in 2022. In general, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric soldering iron to Morocco, accounting for a X% share of total imports. Moreover, electric soldering iron imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. France (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of electric soldering irons and guns to Morocco, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Germany (X% per year).

Import Prices by Country

The average electric soldering iron import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price saw a deep setback. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 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 Taiwan (Chinese) ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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