Morocco: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Morocco

After five years of growth, the Moroccan electronic metal tester market decreased by -10.8% to $X in 2021. Overall, consumption, however, posted a prominent increase. Electronic metal tester consumption peaked at $X in 2020, and then contracted in the following year.

Electronic Metal Tester Exports

Exports from Morocco

In 2021, overseas shipments of electronic machines and appliances for testing metals decreased by -5.7% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 660%. The exports peaked at X units in 2020, and then dropped in the following year.

In value terms, electronic metal tester exports soared to $X in 2021. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 474% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Italy (X units) was the main destination for electronic metal tester exports from Morocco, accounting for a 47% share of total exports. Moreover, electronic metal tester exports to Italy exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by Spain (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +53.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.8% per year) and Spain (-12.3% per year).

In value terms, Italy ($X) remains the key foreign market for electronic machines and appliances for testing metals exports from Morocco, comprising 67% of total exports. The second position in the ranking was taken by Germany ($X), with a 20% share of total exports. It was followed by Romania, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Italy stood at +63.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.3% per year) and Romania (+70.4% per year).

Export Prices by Country

In 2021, the average electronic metal tester export price amounted to $X per unit, rising by 71% against the previous year. Overall, the export price showed prominent growth. The growth pace was the most rapid in 2015 an increase of 164% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per unit), while the average price for exports to Kenya ($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 Italy (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Metal Tester Imports

Imports into Morocco

After three years of growth, overseas purchases of electronic machines and appliances for testing metals decreased by -12.2% to X units in 2021. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 132% against the previous year. Imports peaked at X units in 2020, and then reduced in the following year.

In value terms, electronic metal tester imports fell to $X in 2021. Over the period under review, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2016 with an increase of 171%. Over the period under review, imports hit record highs at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, France (X units) constituted the largest electronic metal tester supplier to Morocco, with a 70% share of total imports. Moreover, electronic metal tester imports from France exceeded the figures recorded by the second-largest supplier, India (X units), eightfold. The third position in this ranking was held by South Korea (X units), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+39.2% per year) and South Korea (+64.8% per year).

In value terms, France ($X) constituted the largest supplier of electronic machines and appliances for testing metals to Morocco, comprising 69% of total imports. The second position in the ranking was held by Italy ($X), with a 4.7% share of total imports. It was followed by South Korea, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value from France stood at +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.3% per year) and South Korea (+67.0% per year).

Import Prices by Country

In 2021, the average electronic metal tester import price amounted to $X per unit, rising by 2.8% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of 62% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 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, the country with the highest price was Spain ($X per unit), while the price for India ($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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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