Morocco: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Morocco

In 2021, after two years of decline, there was significant growth in the Moroccan glass electrical insulator market, when its value increased by 305% to $X. Over the period under review, consumption, however, continues to indicate a deep slump. Glass electrical insulator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Glass Electrical Insulator Exports

Exports from Morocco

After three years of decline, shipments abroad of glass electrical insulators increased by 92% to X units in 2021. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2014 with an increase of 564%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, glass electrical insulator exports totaled $X in 2021. Overall, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 417% 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 stood at a somewhat lower figure.

Exports by Country

Mali (X units) was the main destination for glass electrical insulator exports from Morocco, accounting for a 86% share of total exports. Moreover, glass electrical insulator exports to Mali exceeded the volume sent to the second major destination, Cameroon (X units), more than tenfold. The third position in this ranking was taken by Senegal (X units), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Mali stood at +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (-8.2% per year) and Senegal (-18.9% per year).

In value terms, Mali ($X) remains the key foreign market for glass electrical insulators exports from Morocco, comprising 80% of total exports. The second position in the ranking was held by Cameroon ($X), with a 6.9% share of total exports. It was followed by Senegal, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Mali amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (-13.8% per year) and Senegal (-25.2% per year).

Export Prices by Country

In 2021, the average glass electrical insulator export price amounted to $X per unit, reducing by -44.4% against the previous year. Overall, the export price showed a deep downturn. The growth pace was the most rapid in 2016 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Senegal ($X per unit) and Burkina Faso ($X per unit), while the average price for exports to Mali ($X per unit) and Cameroon ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (-6.1%), while the prices for the other major destinations experienced a decline.

Glass Electrical Insulator Imports

Imports into Morocco

In 2021, overseas purchases of glass electrical insulators were finally on the rise to reach X units after two years of decline. In general, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 when imports increased by 521% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, glass electrical insulator imports surged to $X in 2021. Overall, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 567%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of glass electrical insulator to Morocco, with a 30% share of total imports. Moreover, glass electrical insulator imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. France (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-13.8% per year) and France (-9.3% per year).

In value terms, the largest glass electrical insulator suppliers to Morocco were Austria ($X), Italy ($X) and Spain ($X), together accounting for 48% of total imports.

Among the main suppliers, Italy, with a CAGR of +28.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average glass electrical insulator import price stood at $X per unit in 2021, dropping by -18.4% against the previous year. Over the period under review, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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