Morocco: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Morocco

The Moroccan electrical signalling apparatus market declined to $X in 2022, which is down by -5.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a strong increase. Electrical signalling apparatus consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports from Morocco

In 2022, approx. X units of electrical apparatus for sound or visual signalling were exported from Morocco; rising by 83% on the year before. In general, exports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 157% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, electrical signalling apparatus exports soared to $X in 2022. Over the period under review, exports showed a noticeable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 121%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X units), Turkey (X units) and Spain (X units) were the main destinations of electrical signalling apparatus exports from Morocco, with a combined 68% share 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 Spain (with a CAGR of +90.2%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Cote d'Ivoire ($X) and Mali ($X) appeared to be the largest markets for electrical signalling apparatus exported from Morocco worldwide, with a combined 50% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +82.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electrical signalling apparatus export price amounted to $X per unit, rising by 1.8% against the previous year. In general, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Turkey ($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 Burkina Faso (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports into Morocco

Electrical signalling apparatus imports into Morocco contracted modestly to X units in 2022, waning by -2.1% compared with 2021. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 89% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, electrical signalling apparatus imports fell to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 55%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical signalling apparatus to Morocco, accounting for a 59% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. Portugal (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+19.9% per year) and Portugal (+25.9% per year).

In value terms, China ($X) constituted the largest supplier of electrical apparatus for sound or visual signalling to Morocco, comprising 49% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by Portugal, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+16.4% per year) and Portugal (+21.7% per year).

Import Prices by Country

In 2022, the average electrical signalling apparatus import price amounted to $X per unit, falling by -3.1% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 4.5% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood 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 France ($X per unit), while the price for Poland ($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 (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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