Morocco: Market for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators 2024

Market Size for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Morocco

The Moroccan nickel and lithium accumulators market expanded modestly to $X in 2022, picking up by 4.3% against the previous year. Overall, consumption recorded resilient growth. Nickel and lithium accumulators consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Morocco

In value terms, nickel and lithium accumulators production rose to $X in 2022 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 when the production volume increased by 112% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators

Exports from Morocco

In 2022, overseas shipments of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators decreased by -27.5% to X units, falling for the second year in a row after three years of growth. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 442%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, nickel and lithium accumulators exports fell to $X in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 348% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Germany (X units) was the main destination for nickel and lithium accumulators exports from Morocco, with a 88% share of total exports. Moreover, nickel and lithium accumulators exports to Germany exceeded the volume sent to the second major destination, Spain (X units), more than tenfold. France (X units) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +159.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+39.6% per year) and France (+93.6% per year).

In value terms, Germany ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Morocco, comprising 74% of total exports. The second position in the ranking was held by Spain ($X), with an 11% share of total exports. It was followed by France, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +194.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+68.4% per year) and France (+107.5% per year).

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, growing by 23% against the previous year. In general, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 67%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Mauritania ($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 Libya (+66.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators

Imports into Morocco

Nickel and lithium accumulators imports into Morocco skyrocketed to X units in 2022, rising by 62% compared with 2021 figures. Overall, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators imports declined remarkably to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +29.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of nickel and lithium accumulators to Morocco, accounting for a 58% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. France (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+40.6% per year) and France (-4.3% per year).

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Morocco, comprising 58% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by France, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+35.2% per year) and France (-8.0% per year).

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, shrinking by -48% against the previous year. In general, the import price saw a noticeable decline. The pace of growth was the most pronounced in 2016 an increase of 26% against the previous year. The import price peaked at $X per unit in 2021, and then dropped dramatically in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and the UK ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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