Morocco: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Morocco

The Moroccan non-enclosed loudspeakers market amounted to $X in 2021, surging by 5.8% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Non-enclosed loudspeakers consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Non-Enclosed Loudspeakers Exports

Exports from Morocco

In 2021, shipments abroad of loudspeakers (not in enclosure) increased by 191% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by 228% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, non-enclosed loudspeakers exports dropped to $X in 2021. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,595% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X units), Cote d'Ivoire (X units) and Equatorial Guinea (X units) were the main destinations of non-enclosed loudspeakers exports from Morocco, together comprising 75% of total exports. These countries were followed by Belgium, Benin, Spain and France, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of +60.6%), while the other leaders experienced more modest paces of growth.

In value terms, Equatorial Guinea ($X) emerged as the key foreign market for loudspeakers (not in enclosure) exports from Morocco, comprising 53% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 14% share of total exports. It was followed by Benin, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Equatorial Guinea stood at +77.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+54.8% per year) and Benin (+100.5% per year).

Export Prices by Country

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, waning by -68.7% against the previous year. In general, the export price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2020 an increase of 529%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to Cote d'Ivoire ($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 (+2,507.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports into Morocco

Non-enclosed loudspeakers imports into Morocco rose slightly to X units in 2021, picking up by 2% on the year before. Overall, imports, however, saw a mild contraction. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, non-enclosed loudspeakers imports expanded significantly to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 29%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest non-enclosed loudspeakers supplier to Morocco, with a 85% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. The third position in this ranking was taken by Thailand (X units), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-4.5% per year) and Thailand (-1.3% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Morocco, comprising 77% of total imports. The second position in the ranking was held by Vietnam ($X), with a 5.6% share of total imports. It was followed by Thailand, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+1.2% per year) and Thailand (+0.0% per year).

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, rising by 5.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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