Morocco: Measuring Instrument Market 2022

Measuring Instrument Market Size in Morocco

The Moroccan measuring instrument market declined modestly to $X in 2021, dropping by -2.1% 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). The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Measuring Instrument Exports

Exports from Morocco

For the sixth consecutive year, Morocco recorded growth in shipments abroad of instruments and apparatus for measuring or checking the flow or level of liquids, which increased by 38% to X units in 2021. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 171%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, measuring instrument exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 131%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for measuring instrument exports from Morocco, with a 59% share of total exports. Moreover, measuring instrument exports to Spain exceeded the volume sent to the second major destination, Sudan (X units), threefold. Mauritania (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +56.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+185.7% per year) and Mauritania (+47.2% per year).

In value terms, Spain ($X) remains the key foreign market for measuring instrument exports from Morocco, comprising 40% of total exports. The second position in the ranking was taken by Sudan ($X), with an 18% share of total exports. It was followed by Mauritania, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+235.7% per year) and Mauritania (+63.9% per year).

Export Prices by Country

The average measuring instrument export price stood at $X per unit in 2021, picking up by 21% against the previous year. Over the period under review, the export price, however, recorded a pronounced decline. The growth pace was the most rapid in 2015 an increase of 91%. Over the period under review, the average export prices reached 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 foreign markets. In 2021, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Djibouti ($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 Sudan (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Morocco

In 2021, after two years of growth, there was decline in purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids, when their volume decreased by -1.7% to X units. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 35%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, measuring instrument imports fell to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 24%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, France (X units) constituted the largest measuring instrument supplier to Morocco, with a 45% share of total imports. Moreover, measuring instrument imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was held by China (X units), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.7% per year) and China (+4.8% per year).

In value terms, the largest measuring instrument suppliers to Morocco were France ($X), the Netherlands ($X) and Germany ($X), together accounting for 53% of total imports. The UK, Italy, Spain, China, Turkey and India lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Turkey, with a CAGR of +28.8%, saw the highest rates of growth with regard to 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

The average measuring instrument import price stood at $X per unit in 2021, approximately equating the previous year. Overall, the import price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 41%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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