Morocco: Market for Machine Tools For Working Metal Without Removing Metal 2025

Market Size for Machine Tools For Working Metal Without Removing Metal in Morocco

The Moroccan machine tool for metal market soared to $X in 2021, picking up by 95% 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, however, recorded a perceptible decline. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Morocco

Machine tool for metal exports from Morocco soared to X units in 2021, rising by 2,400% compared with the previous year. In general, exports, however, faced a dramatic slump. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, machine tool for metal exports skyrocketed to $X in 2021. Overall, exports, however, faced a deep setback. The growth pace was the most rapid in 2015 with an increase of 1,291% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for machine tool for metal exports from Morocco, with a 34% share of total exports. Moreover, machine tool for metal exports to Spain exceeded the volume sent to the second major destination, Portugal (X units), more than tenfold. The third position in this ranking was held by France (X units), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to -26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and France (-22.6% per year).

In value terms, the largest markets for machine tool for metal exported from Morocco were Portugal ($X), Spain ($X) and Italy ($X), together comprising 62% of total exports.

Among the main countries of destination, Italy, with a CAGR of +9.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, with a decrease of -64% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 134%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Portugal ($X per unit), while the average price for exports to Mauritania ($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 Mauritania (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Morocco

In 2021, machine tool for metal imports into Morocco skyrocketed to X units, rising by 103% against the previous year. In general, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 236%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, machine tool for metal imports soared to $X in 2021. Over the period under review, imports, however, showed a mild setback. The pace of growth appeared the most rapid in 2015 when imports increased by 272% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine tool for metal supplier to Morocco, with a 64% share of total imports. Moreover, machine tool for metal imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was held by France (X units), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+72.2% per year) and France (-6.6% per year).

In value terms, China ($X) constituted the largest supplier of machine tools for working metal without removing metal to Morocco, comprising 60% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports. It was followed by Spain, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +55.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+72.0% per year) and Spain (+2.1% per year).

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, reducing by -4.3% against the previous year. Overall, the import price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of 35%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+37.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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