Morocco: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Morocco

In 2022, the Moroccan market for fully or partly automatic electric machines for arc welding of metals decreased by -52.4% to $X, falling for the second year in a row after six years of growth. Overall, consumption continues to indicate a noticeable decrease. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from Morocco

In 2022, overseas shipments of fully or partly automatic electric machines for arc welding of metals were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 2,208% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals surged to $X in 2022. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,187% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for exports of fully or partly automatic electric machines for arc welding of metals from Morocco, accounting for a 55% share of total exports. Moreover, exports of fully or partly automatic electric machines for arc welding of metals to Belgium exceeded the volume sent to the second major destination, Spain (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 19% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +138.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+22.2% per year) and Italy (0.0% per year).

In value terms, Spain ($X) remains the key foreign market for fully or partly automatic electric machines for arc welding of metals exports from Morocco, comprising 66% of total exports. The second position in the ranking was taken by Italy ($X), with a 19% share of total exports. It was followed by Belgium, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +67.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Belgium (+4.5% per year).

Export Prices by Country

The average export price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, which is down by -51.8% against the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 118%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Belgium ($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 the Netherlands (+121.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into Morocco

In 2022, overseas purchases of fully or partly automatic electric machines for arc welding of metals decreased by -54.5% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2016 with an increase of 271% against the previous year. Over the period under review, imports of hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals plummeted to $X in 2022. Overall, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2016 with an increase of 252%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and Spain (X units) were the main suppliers of imports of fully or partly automatic electric machines for arc welding of metals to Morocco, together comprising 61% of total imports. Sweden, Turkey, Poland, Portugal, France and Germany lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +44.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fully or partly automatic arc welding machine suppliers to Morocco were China ($X), Sweden ($X) and Italy ($X), together accounting for 56% of total imports. Spain, Turkey, France, Poland, Germany and Portugal lagged somewhat behind, together accounting for a further 31%.

Turkey, with a CAGR of +47.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, growing by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+89.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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