Morocco: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Morocco

The Moroccan horizontal machining centre market fell notably to $X in 2021, with a decrease of -70.6% 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, however, enjoyed strong growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Horizontal Machining Centre Exports

Exports from Morocco

In 2021, overseas shipments of horizontal machining centres for working metal increased by 67% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 200%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, horizontal machining centre exports skyrocketed to $X in 2021. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,122% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Poland (X units), Spain (X units) and France (X units) were the main destinations of horizontal machining centre exports from Morocco, with a combined 60% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X) emerged as the key foreign market for horizontal machining centres for working metal exports from Morocco, comprising 53% of total exports. The second position in the ranking was held by Poland ($X), with a 9.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-72.4% per year) and Spain (-5.6% per year).

Export Prices by Country

In 2021, the average horizontal machining centre export price amounted to $X per unit, which is down by -12.6% against the previous year. Overall, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2019 an increase of 985% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Spain ($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 France (+6.3%), while the prices for the other major destinations experienced a decline.

Horizontal Machining Centre Imports

Imports into Morocco

In 2021, approx. X units of horizontal machining centres for working metal were imported into Morocco; waning by -65.6% on 2020 figures. Over the period under review, imports, however, showed a strong increase. The growth pace was the most rapid in 2013 with an increase of 271%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, horizontal machining centre imports dropped dramatically to $X in 2021. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 221%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest horizontal machining centre supplier to Morocco, with a 17% share of total imports. Moreover, horizontal machining centre imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. South Korea (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+13.0% per year) and South Korea (+4.6% per year).

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Germany ($X) appeared to be the largest horizontal machining centre suppliers to Morocco, together comprising 33% of total imports.

Germany, with a CAGR of +59.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average horizontal machining centre import price stood at $X per unit in 2021, waning by -29.5% against the previous year. Over the period under review, the import price showed a deep reduction. The growth pace was the most rapid in 2016 an increase of 208% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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