Morocco: Market for Hand-Operated Drilling, Threading or Tapping Tools 2025

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Morocco

In 2022, the Moroccan market for hand-operated drilling, threading or tapping tools decreased by -1.8% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Morocco

In value terms, production of hand-operated drilling, threading or tapping tools amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 25% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from Morocco

For the fifth consecutive year, Morocco recorded decline in shipments abroad of hand-operated drilling, threading or tapping tools, which decreased by -77.1% to X kg in 2022. Over the period under review, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 983%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of hand-operated drilling, threading or tapping tools soared to $X in 2022. In general, exports recorded a sharp curtailment. The growth pace was the most rapid in 2017 when exports increased by 1,716%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

France (X kg), Nigeria (X kg) and Sudan (X kg) were the main destinations of exports of hand-operated drilling, threading or tapping tools from Morocco, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sudan (with a CAGR of -18.4%), while shipments for the other leaders experienced a decline.

It was followed by Senegal, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled -28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-69.9% per year) and Senegal (-66.7% per year).

Export Prices by Country

In 2022, the average export price for hand-operated drilling, threading or tapping tools amounted to $X per ton, increasing by 537% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Sudan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+109.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into Morocco

In 2022, supplies from abroad of hand-operated drilling, threading or tapping tools decreased by -32.4% to X tons, falling for the second year in a row after five years of growth. In general, imports saw a slight slump. The growth pace was the most rapid in 2016 when imports increased by 113% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools fell markedly to $X in 2022. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 296% against the previous year. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main hand-operated drilling, threading or tapping tool supplier to Morocco, accounting for a 91% share of total imports. It was followed by Turkey (X kg), with a 2.5% share of total imports. France (X kg) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+21.1% per year) and France (-14.1% per year).

In value terms, China ($X) constituted the largest supplier of hand-operated drilling, threading or tapping tools to Morocco, comprising 50% of total imports. The second position in the ranking was taken by France ($X), with a 15% share of total imports. It was followed by Spain, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-10.3% per year) and Spain (-16.9% per year).

Import Prices by Country

The average import price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, increasing by 14% against the previous year. Overall, the import price, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 251% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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