Morocco: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Morocco

The Moroccan non-self-propelled fork-lift truck market rose sharply to $X in 2022, growing by 8.9% against the previous year. In general, consumption recorded a noticeable increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Non-Self-Propelled Fork-Lift Truck Production in Morocco

In value terms, non-self-propelled fork-lift truck production rose markedly to $X in 2022 estimated in export price. Overall, production recorded a perceptible expansion. The pace of growth appeared the most rapid in 2018 with an increase of 1,985% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from Morocco

In 2022, exports of non-self-propelled fork-lift trucks from Morocco plummeted to X units, declining by -57.8% compared with the previous year. In general, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 12,396%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck exports shrank rapidly to $X in 2022. Overall, exports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,418% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for non-self-propelled fork-lift truck exports from Morocco, with a 71% share of total exports. Moreover, non-self-propelled fork-lift truck exports to France exceeded the volume sent to the second major destination, Mauritania (X units), threefold. Senegal (X units) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+58.2% per year) and Senegal (+11.6% per year).

In value terms, France ($X) remains the key foreign market for non-self-propelled fork-lift trucks exports from Morocco, comprising 66% of total exports. The second position in the ranking was held by Mauritania ($X), with a 15% share of total exports. It was followed by Spain, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+36.4% per year) and Spain (-14.3% per year).

Export Prices by Country

The average non-self-propelled fork-lift truck export price stood at $X per unit in 2022, growing by 12% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 19,484%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Mauritania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.8%), while the prices for the other major destinations experienced a decline.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into Morocco

In 2022, overseas purchases of non-self-propelled fork-lift trucks were finally on the rise to reach X units after three years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 47%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-self-propelled fork-lift truck imports stood at $X in 2022. Overall, imports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2016 when imports increased by 33%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-self-propelled fork-lift truck supplier to Morocco, accounting for a 89% share of total imports. It was followed by Sweden (X units), with a 2.3% share of total imports. The third position in this ranking was held by Spain (X units), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+23.4% per year) and Spain (-21.0% per year).

In value terms, China ($X) constituted the largest supplier of non-self-propelled fork-lift trucks to Morocco, comprising 61% of total imports. The second position in the ranking was held by France ($X), with a 9.6% share of total imports. It was followed by Spain, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.8% per year) and Spain (-17.4% per year).

Import Prices by Country

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2022, surging by 2.4% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2021 an increase of 34%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, 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 France ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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