Morocco: Interchangeable Spanner Socket Market 2025

Interchangeable Spanner Socket Market Size in Morocco

In 2022, after two years of decline, there was significant growth in the Moroccan interchangeable spanner socket market, when its value increased by 36% to $X. Overall, consumption showed a strong increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Interchangeable Spanner Socket Exports

Exports from Morocco

In 2022, overseas shipments of interchangeable spanner sockets increased by 135% to X kg, rising for the second consecutive year after two years of decline. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 1,118% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, interchangeable spanner socket exports skyrocketed to $X in 2022. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,252% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg), Mauritania (X kg) and Senegal (X kg) were the main destinations of interchangeable spanner socket exports from Morocco, with a combined 76% share of total exports. Congo, Togo and Cameroon lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Cameroon (with a CAGR of +35.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for interchangeable spanner socket exported from Morocco were France ($X), Togo ($X) and Mauritania ($X), together accounting for 76% of total exports. Cameroon, Senegal and Congo lagged somewhat behind, together accounting for a further 18%.

In terms of the main countries of destination, Cameroon, with a CAGR of +30.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average interchangeable spanner socket export price stood at $X per ton in 2022, jumping by 48% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 241% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a 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 Togo ($X per ton), while the average price for exports to Congo ($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 Cote d'Ivoire (+49.3%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into Morocco

In 2022, after two years of decline, there was significant growth in overseas purchases of interchangeable spanner sockets, when their volume increased by 53% to X tons. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 77% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, interchangeable spanner socket imports surged to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 32%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Spain (X tons) and Turkey (X tons) were the main suppliers of interchangeable spanner socket imports to Morocco, together comprising 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +95.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Turkey ($X) constituted the largest interchangeable spanner socket suppliers to Morocco, with a combined 61% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +79.7%, 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 interchangeable spanner socket import price stood at $X per ton in 2022, with a decrease of -20.4% against the previous year. In general, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2013 an increase of 14%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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