Morocco: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in Morocco

The Moroccan electromagnetic lifting head market contracted modestly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.2% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Electromagnetic Lifting Head Production in Morocco

In value terms, electromagnetic lifting head production fell to $X in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +2.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 58%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Electromagnetic Lifting Head Exports

Exports from Morocco

In 2022, overseas shipments of electromagnets and electromagnetic lifting heads increased by 186% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 678%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, electromagnetic lifting head exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 814% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X kg), Italy (X kg) and Mauritania (X kg) were the main destinations of electromagnetic lifting head exports from Morocco, with a combined 85% 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 China (with a CAGR of +16,066.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for electromagnets and electromagnetic lifting heads exports from Morocco, comprising 48% of total exports. The second position in the ranking was held by Sudan ($X), with a 21% share of total exports. It was followed by Mauritania, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +5,788.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (0.0% per year) and Mauritania (+16.7% per year).

Export Prices by Country

The average electromagnetic lifting head export price stood at $X per ton in 2022, reducing by -45.8% against the previous year. Over the period under review, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 188% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports into Morocco

For the third year in a row, Morocco recorded growth in overseas purchases of electromagnets and electromagnetic lifting heads, which increased by 52% to X tons in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 229% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electromagnetic lifting head imports skyrocketed to $X in 2022. Overall, imports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 94%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Italy (X tons) and China (X tons) were the main suppliers of electromagnetic lifting head imports to Morocco, with a combined 82% share of total imports. Turkey, Portugal, Germany and Spain lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +142.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of electromagnets and electromagnetic lifting heads to Morocco, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by Germany, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.5% per year) and Germany (+10.3% per year).

Import Prices by Country

In 2022, the average electromagnetic lifting head import price amounted to $X per ton, reducing by -4.6% against the previous year. Overall, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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