Report Update Jan 1, 2025

Morocco - Gear Boxes - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Gear Box Market 2025

Gear Box Market Size in Morocco

In 2022, the Moroccan gear box market increased by 13% to $X, rising for the second year in a row after three years of decline. In general, consumption saw a significant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Gear Box Exports

Exports from Morocco

In 2022, approx. X units of gear boxes were exported from Morocco; picking up by 25% against 2021. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 142% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, gear box exports shrank slightly to $X in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2013 with an increase of 265%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for gear box exports from Morocco, accounting for a 90% share of total exports. Moreover, gear box exports to Spain exceeded the volume sent to the second major destination, Nigeria (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +91.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+3.2% per year) and France (-24.8% per year).

In value terms, Spain ($X) remains the key foreign market for gear boxes exports from Morocco, comprising 97% of total exports. The second position in the ranking was held by Nigeria ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +83.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+4.6% per year) and France (-22.0% per year).

Export Prices by Country

The average gear box export price stood at $X per unit in 2022, reducing by -20.5% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2013 an increase of 333% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, 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 France ($X per unit), while the average price for exports to Nigeria ($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 Syrian Arab Republic (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Box Imports

Imports into Morocco

In 2022, supplies from abroad of gear boxes increased by 17% to X units, rising for the second year in a row after three years of decline. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 1,326% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, gear box imports reached $X in 2022. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 604%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), Portugal (X units) and France (X units) were the main suppliers of gear box imports to Morocco, with a combined 89% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +77.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gear box suppliers to Morocco were Spain ($X), Portugal ($X) and France ($X), together accounting for 87% of total imports.

In terms of the main suppliers, Portugal, with a CAGR of +106.8%, saw the highest growth rate of 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

In 2022, the average gear box import price amounted to $X per unit, shrinking by -5.3% against the previous year. Overall, the import price saw a pronounced decrease. The pace of growth was the most pronounced in 2018 an increase of 47% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+16.9%), 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 gear boxes in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 43% of global consumption. Japan, Germany, Brazil, Indonesia, Mexico, Italy, South Korea, France, Saudi Arabia and Canada lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of gear boxes in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, with a combined 44% share of global production. Germany, India, South Korea, Indonesia, Brazil, Italy, Mexico, France and Saudi Arabia lagged somewhat behind, together accounting for a further 40%.

What are the leading suppliers of gear boxes to Morocco?

In value terms, the largest gear box suppliers to Morocco were Spain, Romania and France, together accounting for 78% of total imports. These countries were followed by Turkey, China and Japan, which together accounted for a further 12%.

What are the leading importers of gear boxes from Morocco?

In value terms, Spain emerged as the key foreign market for gear box exports from Morocco, comprising 73% of total exports. The second position in the ranking was occupied by the Czech Republic, with a 17% share of total exports. It was followed by France, with a 3.3% share.

What is the average export price for gear boxes in Morocco?

In 2021, the average gear box export price amounted to $11 per unit, falling by -35.4% against the previous year.

What is the average import price for gear boxes in Morocco?

The average gear box import price stood at $11 per unit in 2021, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the gear box 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 29323033 - Gear boxes and their parts

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024