Morocco: Grinding Machine Market 2024

Grinding Machine Market Size in Morocco

The Moroccan grinding machine market surged to $X in 2021, rising by 19% 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). In general, consumption saw a noticeable expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Grinding Machine Exports

Exports from Morocco

In 2021, shipments abroad of machines having individual functions, for mixing, kneading, crushing or grinding decreased by -27.7% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2019 when exports increased by 134% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, grinding machine exports rose significantly to $X in 2021. Over the period under review, exports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2015 with an increase of 110% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X units) was the main destination for grinding machine exports from Morocco, accounting for a 37% share of total exports. Moreover, grinding machine exports to Romania exceeded the volume sent to the second major destination, Belgium (X units), threefold. The third position in this ranking was held by Portugal (X units), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+40.9% per year) and Portugal (+9.7% per year).

In value terms, Romania ($X), Nigeria ($X) and France ($X) were the largest markets for grinding machine exported from Morocco worldwide, with a combined 58% share of total exports. These countries were followed by Spain, Portugal, Belgium, Uganda and Sudan, which together accounted for a further 13%.

Spain, with a CAGR of +55.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average grinding machine export price amounted to $X per unit, with an increase of 53% against the previous year. Over the period under review, the export price saw a buoyant increase. The growth pace was the most rapid in 2013 when the average export price increased by 119%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Uganda ($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 (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Grinding Machine Imports

Imports into Morocco

In 2021, approx. X units of machines having individual functions, for mixing, kneading, crushing or grinding were imported into Morocco; picking up by 26% compared with the previous year. Over the period under review, imports posted a modest expansion. The pace of growth was the most pronounced in 2013 with an increase of 129% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, grinding machine imports totaled $X in 2021. In general, imports showed a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of 61%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding machine to Morocco, with a 39% share of total imports. Moreover, grinding machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. France (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.6% per year) and France (-7.0% per year).

In value terms, the largest grinding machine suppliers to Morocco were France ($X), China ($X) and Italy ($X), with a combined 58% share of total imports. Germany, Spain, Turkey, India and Ireland lagged somewhat behind, together comprising a further 26%.

Ireland, with a CAGR of +20.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average grinding machine import price amounted to $X per unit, reducing by -9.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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