Morocco: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Morocco

The Moroccan fuel or lubricating pump market soared to $X in 2021, with an increase of 34% 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 showed a temperate increase. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Morocco

In 2021, the amount of fuel, lubricating or cooling-medium pumps for internal combustion engines exported from Morocco dropped sharply to X units, falling by -19.6% compared with 2020 figures. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 218%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, fuel or lubricating pump exports rose notably to $X in 2021. In general, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 220% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Mauritania (X units) was the main destination for fuel or lubricating pump exports from Morocco, accounting for a 45% share of total exports. Moreover, fuel or lubricating pump exports to Mauritania exceeded the volume sent to the second major destination, Spain (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Mauritania amounted to +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+5.8% per year) and Germany (+10.7% per year).

In value terms, Mauritania ($X) emerged as the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Morocco, comprising 43% of total exports. The second position in the ranking was held by Senegal ($X), with an 18% share of total exports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Mauritania totaled +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+42.0% per year) and Belgium (-3.7% per year).

Export Prices by Country

The average fuel or lubricating pump export price stood at $X per unit in 2021, rising by 34% against the previous year. Overall, the export price enjoyed significant growth. The growth pace was the most rapid in 2013 when the average export price increased by 90%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Equatorial Guinea ($X per unit), while the average price for exports to Germany ($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 Jordan (+1,532.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Morocco

Fuel or lubricating pump imports into Morocco soared to X units in 2021, growing by 19% against the previous year. In general, imports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2016 when imports increased by 149% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, fuel or lubricating pump imports surged to $X in 2021. Overall, imports enjoyed strong growth. The growth pace was the most rapid in 2016 with an increase of 185% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), France (X units) and Spain (X units) were the main suppliers of fuel or lubricating pump imports to Morocco, with a combined 71% share of total imports. These countries were followed by Poland, Turkey, Germany, Italy, Japan, India, Taiwan (Chinese), the UK and the United States, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +57.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to Morocco, comprising 39% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+56.6% per year) and China (+8.0% per year).

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2021, picking up by 18% against the previous year. Overall, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 45%. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+36.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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