Morocco - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMorocco: Loudspeaker Market 2024
Loudspeaker Market Size in Morocco
The Moroccan loudspeaker market skyrocketed to $X in 2022, rising by 31% 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 recorded a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.
Loudspeaker Exports
Exports from Morocco
In 2022, the amount of loudspeakers exported from Morocco declined markedly to X units, waning by -53.6% on the previous year's figure. Overall, exports, however, continue to indicate moderate growth. The pace of growth was the most pronounced in 2015 when exports increased by 248%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.
In value terms, loudspeaker exports soared to $X in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 265%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
Exports by Country
France (X units) was the main destination for loudspeaker exports from Morocco, accounting for a 44% share of total exports. Moreover, loudspeaker exports to France exceeded the volume sent to the second major destination, Bulgaria (X units), fourfold. The third position in this ranking was taken by Mauritania (X units), with a 10% share.
From 2012 to 2022, the average annual growth rate of volume to France stood at +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+47.7% per year) and Mauritania (+10.1% per year).
In value terms, France ($X) remains the key foreign market for loudspeakers exports from Morocco, comprising 17% of total exports. The second position in the ranking was taken by Niger ($X), with a 5.5% share of total exports. It was followed by Bulgaria, with a 2.4% share.
From 2012 to 2022, the average annual growth rate of value to France stood at +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+159.1% per year) and Bulgaria (+56.9% per year).
Export Prices by Country
In 2022, the average loudspeaker export price amounted to $X per unit, increasing by 544% against the previous year. Over the period under review, the export price saw significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per unit), while the average price for exports to Cote d'Ivoire ($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 Niger (+113.0%), while the prices for the other major destinations experienced more modest paces of growth.
Loudspeaker Imports
Imports into Morocco
In 2022, the amount of loudspeakers imported into Morocco soared to X units, with an increase of 72% compared with the previous year. Overall, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, loudspeaker imports contracted slightly to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 -6.5% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 39%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.
Imports by Country
In 2022, China (X units) constituted the largest loudspeaker supplier to Morocco, accounting for a 49% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X units), threefold. The third position in this ranking was held by France (X units), with a 10% share.
From 2012 to 2022, the average annual growth rate of volume from China totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+460.6% per year) and France (+22.6% per year).
In value terms, China ($X) constituted the largest supplier of loudspeakers to Morocco, comprising 69% of total imports. The second position in the ranking was taken by France ($X), with a 7.3% share of total imports. It was followed by Indonesia, with a 3.4% share.
From 2012 to 2022, the average annual growth rate of value from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.9% per year) and Indonesia (+21.2% per year).
Import Prices by Country
The average loudspeaker import price stood at $X per unit in 2022, waning by -42.5% against the previous year. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 8.8% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Lithuania ($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 (-3.3%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the loudspeaker market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)
- Prodcom 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
- Prodcom 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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