Morocco: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Morocco

In 2021, the Moroccan market for in-hand motor grinders, sanders and planers was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Morocco

In 2021, exports of in-hand motor grinders, sanders and planers from Morocco surged to X units, jumping by 47% against the previous year. Over the period under review, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 61%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. In general, exports, however, recorded a abrupt decrease. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Benin (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Morocco, with a 41% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Benin exceeded the volume sent to the second major destination, France (X units), threefold. Mali (X units) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to Benin stood at +625.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-15.3% per year) and Mali (-20.7% per year).

In value terms, Benin ($X) emerged as the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Morocco, comprising 38% of total exports. The second position in the ranking was held by Spain ($X), with a 14% share of total exports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Benin totaled +877.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+12.9% per year) and France (-11.4% per year).

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, surging by 28% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for in-hand motor grinders, sanders and planers increased by +81.9% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to Mali ($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 China (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Morocco

In 2021, after two years of decline, there was significant growth in supplies from abroad of in-hand motor grinders, sanders and planers, when their volume increased by 45% to X units. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Morocco, with a 62% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. Germany (X units) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+24.8% per year) and Germany (-16.0% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Morocco, comprising 60% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Germany, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+23.1% per year) and Germany (-15.4% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, picking up by 8.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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