Morocco: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Morocco

For the third year in a row, the Moroccan market for grinding, sanding and polishing machines recorded growth in sales value, which increased by 25% to $X in 2021. Over the period under review, consumption posted a buoyant increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Morocco

In 2021, shipments abroad of grinding, sanding and polishing machines decreased by -64.7% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 592% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports shrank remarkably to $X in 2021. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 1,209%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) was the main destination for grinding, sanding and polishing machine exports from Morocco, accounting for a 50% share of total exports. Moreover, grinding, sanding and polishing machine exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Mexico (X units), threefold. The third position in this ranking was held by Spain (X units), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-12.3% per year) and Spain (-19.4% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for grinding, sanding and polishing machines exports from Morocco, comprising 36% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports. It was followed by Spain, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire amounted to +47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+53.3% per year) and Spain (-29.8% per year).

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, declining by -62.9% against the previous year. Over the period under review, the export price showed a noticeable decrease. The pace of growth was the most pronounced in 2020 an increase of 619%. As a result, the export price attained the peak level of $X per unit, and then dropped markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Singapore ($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 Ghana (+269.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding, Sanding and Polishing Machines

Imports into Morocco

In 2021, approx. X units of grinding, sanding and polishing machines were imported into Morocco; rising by 25% on 2020 figures. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 388% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports soared to $X in 2021. Overall, imports enjoyed a mild expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 103% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest grinding, sanding and polishing machine supplier to Morocco, accounting for a 83% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.2% per year) and Italy (+2.1% per year).

In value terms, Italy ($X) constituted the largest supplier of grinding, sanding and polishing machines to Morocco, comprising 48% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by Spain, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.4% per year) and Spain (-20.4% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, which is down by -6% against the previous year. In general, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 an increase of 57% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :