Morocco: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Morocco

The Moroccan market for forage harvesters and other harvesting machines skyrocketed to $X in 2021, increasing by 40% 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). In general, consumption saw a modest expansion. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Morocco

In 2021, overseas shipments of forage harvesters and other harvesting machines decreased by 0% to X units, falling for the second year in a row after two years of decline. In general, exports continue to indicate a abrupt decline. The smallest decline of -12.5% was in 2013. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of forage harvesters and other harvesting machines skyrocketed to $X in 2021. Overall, exports recorded a precipitous decrease. The growth pace was the most rapid in 2017 with an increase of 278% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) and the Netherlands (X units) were the main destinations of exports of forage harvesters and other harvesting machines from Morocco.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of 0.0%).

In value terms, the largest markets for forage harvesters and other harvesting machines exported from Morocco were the United States ($X), Spain ($X) and the Netherlands ($X), with a combined 91% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for forage harvesters and other harvesting machines amounted to $X per unit, shrinking by -95.3% against the previous year. Overall, the export price saw a dramatic decline. The most prominent rate of growth was recorded in 2020 an increase of 2,204% 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the Netherlands ($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 Senegal (+135.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Morocco

In 2021, the amount of forage harvesters and other harvesting machines imported into Morocco surged to X units, picking up by 30% compared with the previous year. In general, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +13.8% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 85%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of forage harvesters and other harvesting machines soared to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 93% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), Spain (X units) and Italy (X units) were the main suppliers of imports of forage harvesters and other harvesting machines to Morocco, together accounting for 40% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of forage harvesters and other harvesting machines to Morocco, comprising 27% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports. It was followed by France, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+10.6% per year) and France (-16.7% per year).

Import Prices by Country

In 2021, the average import price for forage harvesters and other harvesting machines amounted to $X per unit, surging by 19% against the previous year. In general, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of 23%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 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 Italy ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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