Morocco: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Morocco

The Moroccan motorcycle and bicycle market skyrocketed to $X in 2021, growing by 49% 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 enjoyed a significant expansion. Motorcycle and bicycle consumption peaked in 2021 and is likely to continue growth in years to come.

Motorcycle And Bicycle Exports

Exports from Morocco

In 2021, after two years of growth, there was significant decline in overseas shipments of motorcycles and bicycles, when their volume decreased by -17.4% to X units. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 18,643%. The exports peaked at X units in 2020, and then shrank notably in the following year.

In value terms, motorcycle and bicycle exports declined markedly to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 3,105% against the previous year. The exports peaked at $X in 2020, and then dropped remarkably in the following year.

Exports by Country

The Netherlands (X units) was the main destination for motorcycle and bicycle exports from Morocco, accounting for a 75% share of total exports. Moreover, motorcycle and bicycle exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X units), sixfold. Switzerland (X units) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +151.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+71.1% per year) and Switzerland (+157.6% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for motorcycles and bicycles exports from Morocco, comprising 71% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports. It was followed by Italy, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +76.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Italy (+60.5% per year).

Export Prices by Country

In 2021, the average motorcycle and bicycle export price amounted to $X per unit, waning by -45.8% against the previous year. Overall, the export price showed a dramatic contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 502%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Switzerland ($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 Italy (-6.2%), while the prices for the other major destinations experienced a decline.

Motorcycle And Bicycle Imports

Imports into Morocco

For the fifth consecutive year, Morocco recorded growth in overseas purchases of motorcycles and bicycles, which increased by 47% to X units in 2021. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2015 when imports increased by 288% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, motorcycle and bicycle imports surged to $X in 2021. Over the period under review, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest motorcycle and bicycle supplier to Morocco, accounting for a 80% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+47.6% per year) and Italy (+33.4% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and bicycles to Morocco, comprising 81% of total imports. The second position in the ranking was held by Italy ($X), with a 2.4% share of total imports. It was followed by Spain, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.0% per year) and Spain (+15.3% per year).

Import Prices by Country

In 2021, the average motorcycle and bicycle import price amounted to $X per unit, dropping by -4.4% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 47% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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