Morocco: Medical Instruments Market 2024

Medical Instruments Market Size in Morocco

The Moroccan medical instruments market shrank to $X in 2022, with a decrease of -6.1% 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). In general, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Medical Instruments Exports

Exports from Morocco

In 2022, overseas shipments of instruments used in medical sciences increased by 59% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 565%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical instruments exports declined dramatically to $X in 2022. Overall, exports, however, showed a noticeable slump. The growth pace was the most rapid in 2014 with an increase of 410%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for medical instruments exports from Morocco, accounting for a 81% share of total exports. Moreover, medical instruments exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. France (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire stood at +79.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+90.2% per year) and France (-12.7% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for instruments used in medical sciences exports from Morocco, comprising 58% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by Senegal, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire totaled +54.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-15.3% per year) and Senegal (+6.6% per year).

Export Prices by Country

In 2022, the average medical instruments export price amounted to $X per ton, reducing by -56.2% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2020 an increase of 104% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+48.2%), while the prices for the other major destinations experienced mixed trend patterns.

Medical Instruments Imports

Imports into Morocco

In 2022, overseas purchases of instruments used in medical sciences decreased by -1.1% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 42% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, medical instruments imports dropped to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 51% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest medical instruments supplier to Morocco, with a 29% share of total imports. Moreover, medical instruments imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. France (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.7% per year) and France (+1.8% per year).

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the largest medical instruments suppliers to Morocco, together comprising 54% of total imports. Japan, Italy, France, Pakistan, Slovenia, the UK, Turkey, Malaysia, India and Singapore lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, Slovenia, with a CAGR of +58.7%, 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 medical instruments import price stood at $X per ton in 2022, shrinking by -6.1% against the previous year. Over the period under review, the import price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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