Morocco: Test And Measurement Market 2024

Test And Measurement Market Size in Morocco

The Moroccan test and measurement market skyrocketed to $X in 2021, surging by 36% 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, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. 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.

Test And Measurement Exports

Exports from Morocco

In 2021, overseas shipments of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by 2.7% to X units, rising for the second year in a row after two years of decline. In general, exports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 610% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, test and measurement exports soared to $X in 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 2,427% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for test and measurement exports from Morocco, with a 73% share of total exports. Moreover, test and measurement exports to China exceeded the volume sent to the second major destination, Niger (X units), sixfold. The third position in this ranking was taken by Singapore (X units), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +81.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+86.3% per year) and Singapore (+41.7% per year).

In value terms, Niger ($X) remains the key foreign market for instruments and apparatus for measuring or checking pressure of liquids or gasses exports from Morocco, comprising 39% of total exports. The second position in the ranking was held by China ($X), with a 15% share of total exports. It was followed by Singapore, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Niger amounted to +135.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+79.6% per year) and Singapore (+49.2% per year).

Export Prices by Country

The average test and measurement export price stood at $X per unit in 2021, jumping by 38% against the previous year. Overall, the export price saw buoyant growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 256% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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 Singapore ($X per unit), while the average price for exports to China ($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 Niger (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Morocco

In 2021, imports of instruments and apparatus for measuring or checking pressure of liquids or gasses into Morocco surged to X units, increasing by 51% on 2020. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, test and measurement imports soared to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 26%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of test and measurement to Morocco, with a 57% share of total imports. Moreover, test and measurement imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Italy (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.5% per year) and Italy (+4.5% per year).

In value terms, Spain ($X), Germany ($X) and Mexico ($X) constituted the largest test and measurement suppliers to Morocco, together accounting for 49% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +57.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average test and measurement import price amounted to $X per unit, reducing by -17.2% against the previous year. Over the period under review, the import price showed a deep setback. The pace of growth was the most pronounced in 2015 an increase of 34%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :