Morocco: Pacemaker Market 2025

Pacemaker Market Size in Morocco

The Moroccan pacemaker market surged to $X in 2021, rising by 32% 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 showed a buoyant increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in years to come.

Pacemaker Exports

Exports from Morocco

In 2021, overseas shipments of pacemakers for stimulating heart muscles (excl. parts and accessories) decreased by -50% to X units, falling for the second consecutive year after four years of decline. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 200% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, pacemaker exports shrank dramatically to $X in 2021. In general, exports faced a sharp slump. The smallest decline of -0.1% was in 2015. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for pacemaker exports from Morocco, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled -23.5%.

In value terms, Belgium ($X) emerged as the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Morocco, comprising 60% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to +48.9%.

Export Prices by Country

In 2021, the average pacemaker export price amounted to $X per unit, declining by -80.2% against the previous year. Overall, the export price recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2018 an increase of 579% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Belgium totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-1.2%).

Pacemaker Imports

Imports into Morocco

In 2021, imports of pacemakers for stimulating heart muscles (excl. parts and accessories) into Morocco surged to X units, picking up by 34% against the year before. In general, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 71% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pacemaker imports surged to $X in 2021. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 37% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest supplier of pacemaker to Morocco, accounting for a 27% share of total imports. Moreover, pacemaker imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Singapore (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+53.4% per year) and Italy (+6.9% per year).

In value terms, the Netherlands ($X), Singapore ($X) and Malaysia ($X) appeared to be the largest pacemaker suppliers to Morocco, together comprising 44% of total imports.

Singapore, with a CAGR of +70.3%, saw the highest rates of growth with regard to 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 pacemaker import price amounted to $X per unit, reducing by -2.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2020 an increase of 50%. As a result, import price attained the peak level of $X per unit, and then contracted modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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