Morocco: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Morocco

In 2022, the Moroccan geometrical quantities electronic measurer market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a resilient increase. Geometrical quantities electronic measurer consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Morocco

In 2022, after two years of decline, there was significant growth in shipments abroad of electronic instruments and machines for measuring geometrical quantities, when their volume increased by 68% to X units. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 645%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer exports reduced to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 420% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

Tunisia (X units) was the main destination for geometrical quantities electronic measurer exports from Morocco, accounting for a 53% share of total exports. Moreover, geometrical quantities electronic measurer exports to Tunisia exceeded the volume sent to the second major destination, Romania (X units), fivefold. The third position in this ranking was held by France (X units), with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tunisia totaled +111.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+37.9% per year) and France (-13.4% per year).

In value terms, the largest markets for geometrical quantities electronic measurer exported from Morocco were France ($X), Portugal ($X) and Tunisia ($X), together comprising 50% of total exports. The United States, Spain, Romania, Germany and Vietnam lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, the United States, with a CAGR of +93.1%, recorded the highest growth rate of 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 geometrical quantities electronic measurer export price amounted to $X per unit, with a decrease of -46.7% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 82% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Tunisia ($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 Spain (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Morocco

In 2022, the amount of electronic instruments and machines for measuring geometrical quantities imported into Morocco soared to X units, picking up by 41% on 2021. In general, imports saw strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 68%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, geometrical quantities electronic measurer imports soared to $X in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 65% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Portugal (X units) were the main suppliers of geometrical quantities electronic measurer imports to Morocco, together accounting for 59% of total imports. Spain, Germany, France, Poland and South Korea lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +43.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest geometrical quantities electronic measurer suppliers to Morocco were Italy ($X), Germany ($X) and Spain ($X), together comprising 40% of total imports. France, China, Portugal, Poland and South Korea lagged somewhat behind, together accounting for a further 40%.

Poland, with a CAGR of +42.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average geometrical quantities electronic measurer import price stood at $X per unit in 2022, which is down by -10% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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