Morocco: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in Morocco

The Moroccan electronic material tester market contracted significantly to $X in 2021, which is down by -34.3% 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). Over the period under review, consumption, however, enjoyed temperate growth. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Electronic Material Tester Exports

Exports from Morocco

In 2021, approx. X units of electronic machines and appliances for testing materials were exported from Morocco; picking up by 2.1% on the year before. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,520%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, electronic material tester exports rose to $X in 2021. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 406%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Djibouti (X units), Germany (X units) and Guinea (X units) were the main destinations of electronic material tester exports from Morocco, with a combined 82% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +65.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electronic material tester exported from Morocco were the UK ($X), Djibouti ($X) and Germany ($X), with a combined 64% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +64.5%, 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

The average electronic material tester export price stood at $X per unit in 2021, remaining stable against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 116% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Djibouti ($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 the UK (+14.1%), while the prices for the other major destinations experienced a decline.

Electronic Material Tester Imports

Imports into Morocco

In 2021, the amount of electronic machines and appliances for testing materials imported into Morocco contracted significantly to X units, declining by -23.4% against the previous year's figure. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 40%. Over the period under review, imports hit record highs at X units in 2020, and then fell remarkably in the following year.

In value terms, electronic material tester imports declined sharply to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 53% against the previous year. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of electronic material tester to Morocco, with a 29% share of total imports. Moreover, electronic material tester imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Italy (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.0% per year) and Italy (+12.7% per year).

In value terms, the largest electronic material tester suppliers to Morocco were Germany ($X), Turkey ($X) and France ($X), with a combined 18% share of total imports. These countries were followed by China, the United States, Italy, Spain and India, which together accounted for a further 21%.

In terms of the main suppliers, India, with a CAGR of +37.3%, 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 material tester import price amounted to $X per unit, which is down by -21.9% against the previous year. Over the period under review, the import price recorded a deep reduction. The growth pace was the most rapid in 2020 when the average import price increased by 45%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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