Morocco: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Morocco

After four years of decline, the Moroccan filling containers machinery market increased by 44% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Filling containers machinery consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Filling Containers Machinery Exports

Exports from Morocco

In 2021, exports of machinery for filling, closing, sealing, capsuling or labelling containers from Morocco fell rapidly to X units, which is down by -67.4% compared with the year before. In general, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2013 when exports increased by 717% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, filling containers machinery exports dropped markedly to $X in 2021. Over the period under review, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2020 when exports increased by 2,191%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X units), Mauritania (X units) and Senegal (X units) were the main destinations of filling containers machinery exports from Morocco, together comprising 89% of total exports. Italy and the Netherlands lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for filling containers machinery exported from Morocco were Spain ($X), Mauritania ($X) and Italy ($X), together comprising 78% of total exports. Senegal and the Netherlands lagged somewhat behind, together comprising a further 22%.

The Netherlands, with a CAGR of +34.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2021, with a decrease of -69.3% against the previous year. In general, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 544% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then dropped markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Spain ($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 Peru (+163.5%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Morocco

In 2021, purchases abroad of machinery for filling, closing, sealing, capsuling or labelling containers increased by 59% to X units, rising for the second consecutive year after three years of decline. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, filling containers machinery imports skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of filling containers machinery to Morocco, accounting for a 56% share of total imports. Moreover, filling containers machinery imports from China exceeded the figures recorded by the second-largest supplier, France (X units), threefold. The third position in this ranking was held by Spain (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.5% per year) and Spain (-8.5% per year).

In value terms, France ($X), Spain ($X) and Italy ($X) were the largest filling containers machinery suppliers to Morocco, together comprising 64% of total imports. These countries were followed by China, Belgium, Turkey and Germany, which together accounted for a further 19%.

In terms of the main suppliers, China, with a CAGR of +29.4%, 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 filling containers machinery import price stood at $X per unit in 2021, shrinking by -13.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 53%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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