Morocco: Boiler Parts Market 2024

Boiler Parts Market Size in Morocco

After two years of growth, the Moroccan boiler parts market decreased by -5.1% to $X in 2021. In general, consumption saw a relatively flat trend pattern. Boiler parts consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Boiler Parts Production in Morocco

In value terms, boiler parts production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 45%. Boiler parts production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Boiler Parts Exports

Exports from Morocco

In 2021, shipments abroad of parts of boilers for central heating decreased by -20.5% to X kg, falling for the third year in a row after two years of growth. Overall, exports showed a dramatic setback. The growth pace was the most rapid in 2018 with an increase of 590% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, boiler parts exports shrank to $X in 2021. Over the period under review, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2017 with an increase of 388% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg), Mauritania (X kg) and Spain (X kg) were the main destinations of boiler parts exports from Morocco, together comprising 87% of total exports. These countries were followed by Germany and Poland, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +30.5%), while shipments for the other leaders experienced a decline.

In value terms, France ($X) remains the key foreign market for parts of boilers for central heating exports from Morocco, comprising 69% of total exports. The second position in the ranking was held by Mauritania ($X), with a 7.4% share of total exports. It was followed by Spain, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to -17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-38.7% per year) and Spain (-14.6% per year).

Export Prices by Country

In 2021, the average boiler parts export price amounted to $X per ton, rising by 10% against the previous year. Overall, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 135% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Boiler Parts Imports

Imports into Morocco

In 2021, imports of parts of boilers for central heating into Morocco expanded notably to X tons, with an increase of 6.9% on the year before. Over the period under review, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2015 when imports increased by 242%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, boiler parts imports rose significantly to $X in 2021. In general, imports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 with an increase of 304% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of boiler parts to Morocco, with a 40% share of total imports. Moreover, boiler parts imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. France (X kg) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia totaled -18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+44.4% per year) and France (+6.5% per year).

In value terms, Indonesia ($X) constituted the largest supplier of parts of boilers for central heating to Morocco, comprising 26% of total imports. The second position in the ranking was held by Japan ($X), with an 8.9% share of total imports. It was followed by Portugal, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia amounted to -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+101.1% per year) and Portugal (+47.1% per year).

Import Prices by Country

The average boiler parts import price stood at $X per ton in 2021, increasing by 4.9% against the previous year. Overall, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 32%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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