Report Update Nov 1, 2024

Morocco - Endless Bands for Machinery, of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Morocco

The Moroccan endless machinery band market surged to $X in 2021, growing by 236% 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, recorded a pronounced decrease. Endless machinery band consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Endless Machinery Band Exports

Exports from Morocco

Endless machinery band exports from Morocco reached X square meters in 2021, increasing by 9.4% on the year before. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2018 with an increase of 527% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, endless machinery band exports stood at $X in 2021. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 339% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mauritania (X square meters) was the main destination for endless machinery band exports from Morocco, with a 92% share of total exports. Moreover, endless machinery band exports to Mauritania exceeded the volume sent to the second major destination, Senegal (X square meters), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mauritania totaled +39.0%.

In value terms, Mauritania ($X) and Senegal ($X) constituted the largest markets for endless machinery band exported from Morocco worldwide.

Senegal, with a CAGR of +53.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average endless machinery band export price amounted to $X per square meter, falling by -3.4% against the previous year. In general, the export price saw a precipitous slump. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Senegal ($X per square meter), while the average price for exports to Mauritania amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (-6.9%).

Endless Machinery Band Imports

Imports into Morocco

In 2021, purchases abroad of endless bands for machinery, of stainless steel increased by 187% to X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a slight curtailment. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, endless machinery band imports soared to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 109% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest endless machinery band supplier to Morocco, accounting for a 59% share of total imports. Moreover, endless machinery band imports from China exceeded the figures recorded by the second-largest supplier, Italy (X square meters), sevenfold. Belgium (X square meters) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +82.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.0% per year) and Belgium (+16.0% per year).

In value terms, China ($X), Germany ($X) and France ($X) were the largest endless machinery band suppliers to Morocco, with a combined 50% share of total imports.

In terms of the main suppliers, China, with a CAGR of +44.0%, recorded the highest rates of growth with regard to 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

The average endless machinery band import price stood at $X per square meter in 2021, dropping by -49.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 71%. Over the period under review, average import prices reached the peak figure at $X per square meter in 2020, and then contracted sharply in the following year.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per square meter), while the price for Sweden ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+132.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for endless bands for machinery, of stainless steel in the world?

Romania remains the largest endless machinery band consuming country worldwide, accounting for 50% of total volume. Moreover, endless machinery band consumption in Romania exceeded the figures recorded by the second-largest consumer, Germany, fourfold. The third position in this ranking was occupied by France, with a 6.5% share.

What are the largest producers of endless bands for machinery, of stainless steel in the world?

Romania constituted the country with the largest volume of endless machinery band production, accounting for 48% of total volume. Moreover, endless machinery band production in Romania exceeded the figures recorded by the second-largest producer, Germany, fourfold. South Africa ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of endless bands for machinery, of stainless steel to Morocco?

In value terms, the largest endless machinery band suppliers to Morocco were Italy, China and France, together comprising 40% of total imports.

What are the leading importers of endless bands for machinery, of stainless steel from Morocco?

In value terms, Mauritania and Senegal appeared to be the largest markets for endless machinery band exported from Morocco worldwide.

What is the average export price for endless bands for machinery, of stainless steel in Morocco?

In 2021, the average endless machinery band export price amounted to $4.5 per square meter, growing by 1.9% against the previous year.

What is the average import price for endless bands for machinery, of stainless steel in Morocco?

In 2021, the average endless machinery band import price amounted to $21 per square meter, dropping by -45.9% against the previous year.

This report provides an in-depth analysis of the endless machinery band market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931313 - Endless bands for machinery, of stainless steel

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023