Morocco: Memories Market 2025

Memories Market Size in Morocco

The Moroccan memories market skyrocketed to $X in 2021, increasing by 186% 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 enjoyed significant growth. Memories consumption peaked in 2021 and is expected to retain growth in the near future.

Memories Exports

Exports from Morocco

In 2021, shipments abroad of multichip integrated circuits: memories decreased by -90.9% to X units for the first time since 2017, thus ending a three-year rising trend. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2019 when exports increased by 3,384% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020, and then shrank markedly in the following year.

In value terms, memories exports dropped sharply to $X in 2021. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 2,666% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then fell notably in the following year.

Exports by Country

Mexico (X units) was the main destination for memories exports from Morocco, accounting for a 74% share of total exports. Moreover, memories exports to Mexico exceeded the volume sent to the second major destination, China (X units), eightfold. Singapore (X units) ranked third in terms of total exports with a 6.2% share.

From 2015 to 2021, the average annual rate of growth in terms of volume to Mexico totaled -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-17.6% per year) and Singapore (-37.7% per year).

In value terms, Mexico ($X) remains the key foreign market for multichip integrated circuits: memories exports from Morocco, comprising 62% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by Singapore, with a 7.3% share.

From 2015 to 2021, the average annual rate of growth in terms of value to Mexico stood at -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-26.4% per year) and Singapore (-34.2% per year).

Export Prices by Country

In 2021, the average memories export price amounted to $X per unit, reducing by -23.5% against the previous year. In general, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 7.8% against the previous year. Over the period under review, the average export prices reached the peak figure 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Memories Imports

Imports into Morocco

In 2021, the amount of multichip integrated circuits: memories imported into Morocco soared to X units, picking up by 133% against the previous year's figure. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 248% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, memories imports skyrocketed to $X in 2021. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 197%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X units) constituted the largest memories supplier to Morocco, with a 40% share of total imports. Moreover, memories imports from Spain exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. The third position in this ranking was held by the UK (X units), with a 2% share.

From 2015 to 2021, the average annual growth rate of volume from Spain amounted to +100.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+15.6% per year) and the UK (+47.5% per year).

In value terms, Spain ($X) constituted the largest supplier of multichip integrated circuits: memories to Morocco, comprising 32% of total imports. The second position in the ranking was held by the Philippines ($X), with a 7% share of total imports. It was followed by France, with a 4.5% share.

From 2015 to 2021, the average annual rate of growth in terms of value from Spain amounted to +88.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (0.0% per year) and France (+25.5% per year).

Import Prices by Country

The average memories import price stood at $X per unit in 2021, dropping by -5% against the previous year. Over the period under review, the import price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of 7.3%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a 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 the Philippines ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+65.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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