Morocco: Electronic Chip Market 2025

Electronic Chip Market Size in Morocco

In 2021, the Moroccan electronic chip market decreased by -25.3% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption continues to indicate a deep downturn. Electronic chip consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electronic Chip Production in Morocco

In value terms, electronic chip production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electronic Chip Exports

Exports from Morocco

In 2021, exports of electronic chips from Morocco surged to X units, jumping by 55% compared with 2020. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 300% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, electronic chip exports soared to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.1% against 2013 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X units) was the main destination for electronic chip exports from Morocco, accounting for a 26% share of total exports. Moreover, electronic chip exports to China exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was taken by Singapore (X units), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+20.0% per year) and Singapore (+33.0% per year).

In value terms, China ($X), Hong Kong SAR ($X) and Singapore ($X) constituted the largest markets for electronic chip exported from Morocco worldwide, with a combined 55% share of total exports. These countries were followed by France, the United States, Germany, Mexico, Malaysia, Taiwan (Chinese) and Thailand, which together accounted for a further 17%.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +23.0%, recorded 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 2021, the average electronic chip export price amounted to less than $X per unit, falling by -23.2% against the previous year. In general, the export price saw a precipitous curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 7.2% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Thailand (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-13.5%), while the prices for the other major destinations experienced a decline.

Electronic Chip Imports

Imports into Morocco

Electronic chip imports into Morocco soared to X units in 2021, surging by 62% on the previous year. Over the period under review, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic chip imports soared to $X in 2021. Overall, imports saw a temperate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), Singapore (X units) and France (X units) were the main suppliers of electronic chip imports to Morocco, with a combined 91% share of total imports. Italy and Romania lagged somewhat behind, together comprising a further 4%.

From 2015 to 2021, the biggest increases were recorded for Italy (with a CAGR of +122.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Singapore ($X) and Italy ($X) constituted the largest electronic chip suppliers to Morocco, with a combined 41% share of total imports.

Among the main suppliers, Italy, with a CAGR of +83.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electronic chip import price amounted to $X per thousand units, with an increase of 31% against the previous year. Over the period under review, the import price, however, showed a slight slump. The import price peaked at $X per thousand units in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per thousand units), while the price for Romania ($X per thousand units) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by France (-8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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