Morocco: Engine Generator Market 2024

Engine Generator Market Size in Morocco

The Moroccan engine generator market skyrocketed to $X in 2022, rising by 25% 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 enjoyed significant growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Engine Generator Exports

Exports from Morocco

In 2022, shipments abroad of generators for internal combustion engines increased by 104% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 353% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, engine generator exports skyrocketed to $X in 2022. Overall, exports recorded a strong increase. The growth pace was the most rapid in 2014 with an increase of 338% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Togo (X units) was the main destination for engine generator exports from Morocco, with a 60% share of total exports. Moreover, engine generator exports to Togo exceeded the volume sent to the second major destination, Belgium (X units), threefold. Romania (X units) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+15.4% per year) and Romania (-11.0% per year).

In value terms, Togo ($X) emerged as the key foreign market for generators for internal combustion engines exports from Morocco, comprising 60% of total exports. The second position in the ranking was held by Belgium ($X), with a 20% share of total exports. It was followed by Romania, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+15.5% per year) and Romania (-13.0% per year).

Export Prices by Country

The average engine generator export price stood at $X per unit in 2022, waning by -2.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 11%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Sweden ($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 (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Morocco

In 2022, approx. X units of generators for internal combustion engines were imported into Morocco; increasing by 38% compared with 2021 figures. In general, imports posted significant growth. The pace of growth was the most pronounced in 2017 with an increase of 2,331%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, engine generator imports soared to $X in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 2,317%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, France (X units) constituted the largest engine generator supplier to Morocco, with a 86% share of total imports. Moreover, engine generator imports from France exceeded the figures recorded by the second-largest supplier, Romania (X units), more than tenfold. The third position in this ranking was taken by China (X units), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +70.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+210.6% per year) and China (+28.9% per year).

In value terms, France ($X) constituted the largest supplier of generators for internal combustion engines to Morocco, comprising 86% of total imports. The second position in the ranking was held by Romania ($X), with a 5.4% share of total imports. It was followed by China, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +72.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+227.1% per year) and China (+30.7% per year).

Import Prices by Country

The average engine generator import price stood at $X per unit in 2022, reducing by -10.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($X per unit) and Romania ($X per unit), while the price for France ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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