Morocco: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Morocco

In 2022, the Moroccan industrial sewing machines (non-automatic) market increased by 1% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.8% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Industrial Sewing Machines (Non-Automatic) in Morocco

In value terms, industrial sewing machines (non-automatic) production amounted to $X in 2022 estimated in export price. Overall, production showed a sharp shrinkage. The pace of growth was the most pronounced in 2014 when the production volume decreased by 99.9% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Morocco

In 2022, after two years of growth, there was significant decline in overseas shipments of industrial sewing machines (non-automatic), when their volume decreased by -83.4% to X units. Over the period under review, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 485% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports contracted dramatically to $X in 2022. In general, exports saw a dramatic decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 939%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X units) was the main destination for industrial sewing machines (non-automatic) exports from Morocco, with a 39% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Togo exceeded the volume sent to the second major destination, Spain (X units), twofold. The third position in this ranking was held by India (X units), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-5.0% per year) and India (+4.1% per year).

In value terms, Togo ($X) emerged as the key foreign market for industrial sewing machines (non-automatic) exports from Morocco, comprising 44% of total exports. The second position in the ranking was held by Spain ($X), with a 22% share of total exports. It was followed by France, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+0.1% per year) and France (+10.2% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, declining by -24.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 77%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Morocco

Industrial sewing machines (non-automatic) imports into Morocco declined dramatically to X units in 2022, waning by -27.6% on 2021. In general, imports, however, recorded a measured increase. The pace of growth appeared the most rapid in 2017 when imports increased by 67% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports skyrocketed to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 51% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Spain (X units) and Germany (X units) were the main suppliers of industrial sewing machines (non-automatic) imports to Morocco, together accounting for 82% of total imports. Poland, Japan, Italy and Turkey lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +108.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Morocco, comprising 74% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.5% share of total imports. It was followed by Japan, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.8% per year) and Japan (-8.4% per year).

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, rising by 65% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial sewing machines (non-automatic) import price increased by +66.5% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :