Morocco: Electrical Fuse Market 2025

Electrical Fuse Market Size in Morocco

The Moroccan electrical fuse market dropped to $X in 2021, which is down by -4.3% against the previous year. Overall, consumption showed a perceptible decrease. Electrical fuse consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electrical Fuse Production in Morocco

In value terms, electrical fuse production stood at $X in 2021 estimated in export price. In general, production, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 8.8% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electrical Fuse Exports

Exports from Morocco

Electrical fuse exports from Morocco surged to X tons in 2021, picking up by 30% against the year before. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 38%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, electrical fuse exports soared to $X in 2021. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 77% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons) was the main destination for electrical fuse exports from Morocco, with a 94% share of total exports. Moreover, electrical fuse exports to Spain exceeded the volume sent to the second major destination, Mauritania (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +5.4%.

In value terms, Spain ($X) remains the key foreign market for electrical fuses exports from Morocco, comprising 81% of total exports. The second position in the ranking was held by Mauritania ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +14.7%.

Export Prices by Country

In 2021, the average electrical fuse export price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 42% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+20.0%).

Electrical Fuse Imports

Imports into Morocco

In 2021, supplies from abroad of electrical fuses decreased by -21.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a slight curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 38% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, electrical fuse imports declined rapidly to $X in 2021. Overall, imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2018 when imports increased by 49%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest electrical fuse supplier to Morocco, with a 70% share of total imports. Moreover, electrical fuse imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by France (X tons), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.4% per year) and France (+3.6% per year).

In value terms, Spain ($X) constituted the largest supplier of electrical fuses to Morocco, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.3% per year) and France (+5.2% per year).

Import Prices by Country

In 2021, the average electrical fuse import price amounted to $X per ton, flattening at the previous year. In general, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electrical fuse import price decreased by -9.4% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 25%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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