Morocco: Public Works Machinery Market 2024

Public Works Machinery Market Size in Morocco

The Moroccan public works machinery market contracted markedly to $X in 2021, with a decrease of -37.7% 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). Overall, consumption, however, posted a buoyant increase. Public works machinery consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Public Works Machinery Exports

Exports from Morocco

In 2021, exports of machinery for public works and building from Morocco declined significantly to X units, dropping by -87.5% against the previous year's figure. In general, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of 210% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, public works machinery exports contracted notably to $X in 2021. Overall, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2016 when exports increased by 172%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

In value terms, Turkey ($X) remains the key foreign market for machinery for public works and building exports from Morocco, comprising 74% of total exports. The second position in the ranking was held by Algeria ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at -39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (-44.7% per year) and the United Arab Emirates (-40.3% per year).

Export Prices by Country

The average public works machinery export price stood at $X per unit in 2021, growing by 4.8% against the previous year. In general, the export price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 278%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Tunisia ($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 Turkey (-7.8%), while the prices for the other major destinations experienced a decline.

Public Works Machinery Imports

Imports into Morocco

In 2021, public works machinery imports into Morocco reduced markedly to X units, declining by -57.4% compared with 2020. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 158% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, public works machinery imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +10.9% 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 increased by +27.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 116% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

France (X units), Spain (X units) and Germany (X units) were the main suppliers of public works machinery imports to Morocco, together comprising 47% of total imports. These countries were followed by China, Cote d'Ivoire, Belgium, Italy, the United States, the Czech Republic, Portugal, Finland, Hungary and India, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +48.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machinery for public works and building to Morocco, comprising 29% of total imports. The second position in the ranking was held by Italy ($X), with a 4.4% share of total imports. It was followed by France, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.6% per year) and France (+0.5% per year).

Import Prices by Country

In 2021, the average public works machinery import price amounted to $X per unit, jumping by 176% against the previous year. In general, the import price saw a temperate expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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