Morocco: Machinery For Packing Market 2024

Machinery For Packing Market Size in Morocco

The Moroccan machinery for packing market skyrocketed to $X in 2022, rising by 16% 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, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +56.7% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Machinery For Packing Exports

Exports from Morocco

After two years of growth, shipments abroad of machinery for packing or wrapping decreased by -86.7% to X units in 2022. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 397% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then contracted notably in the following year.

In value terms, machinery for packing exports shrank sharply to $X in 2022. Over the period under review, exports recorded a precipitous contraction. The growth pace was the most rapid in 2017 with an increase of 1,022%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Togo (X units), Mauritania (X units) and France (X units) were the main destinations of machinery for packing exports from Morocco, together accounting for 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the Netherlands ($X) remains the key foreign market for machinery for packing or wrapping exports from Morocco, comprising 53% of total exports. The second position in the ranking was held by Mauritania ($X), with an 18% share of total exports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-1.1% per year) and France (+7.1% per year).

Export Prices by Country

In 2022, the average machinery for packing export price amounted to $X per unit, waning by -21.1% against the previous year. Overall, the export price showed a deep contraction. The growth pace was the most rapid in 2014 when the average export price increased by 194% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Togo ($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 Algeria (+41.6%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Morocco

In 2022, purchases abroad of machinery for packing or wrapping increased by 7.5% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, machinery for packing imports rose sharply to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Italy (X units), China (X units) and Spain (X units) were the main suppliers of machinery for packing imports to Morocco, with a combined 60% share of total imports. Turkey, Germany, France and Belgium lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +44.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machinery for packing or wrapping to Morocco, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Spain, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.9% per year) and Spain (+2.9% per year).

Import Prices by Country

The average machinery for packing import price stood at $X per unit in 2022, surging by 5.2% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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