Morocco: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Morocco

The Moroccan pedestrian-controlled tractor market expanded significantly to $X in 2022, with an increase of 6.5% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Pedestrian-Controlled Tractor Production in Morocco

In value terms, pedestrian-controlled tractor production rose significantly to $X in 2022 estimated in export price. In general, production saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Morocco

In 2022, shipments abroad of pedestrian-controlled tractors increased by 23% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 2,264% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pedestrian-controlled tractor exports surged to $X in 2022. Overall, exports saw a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 1,678% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Senegal (X units) was the main destination for pedestrian-controlled tractor exports from Morocco, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Senegal amounted to +39.0%.

In value terms, Senegal ($X) also remains the key foreign market for pedestrian-controlled tractors exports from Morocco.

From 2012 to 2022, the average annual rate of growth in terms of value to Senegal totaled +24.8%.

Export Prices by Country

In 2022, the average pedestrian-controlled tractor export price amounted to $X per unit, picking up by 3.7% against the previous year. Overall, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 77%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to -2.5% per year.

Pedestrian-Controlled Tractor Imports

Imports into Morocco

In 2022, approx. X units of pedestrian-controlled tractors were imported into Morocco; shrinking by -13.5% compared with the previous year. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 206%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pedestrian-controlled tractor imports reduced slightly to $X in 2022. In general, imports continue to indicate a perceptible decline. The growth pace was the most rapid in 2014 when imports increased by 232%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Spain (X units) and Italy (X units) were the main suppliers of pedestrian-controlled tractor imports to Morocco, together comprising 74% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +33.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pedestrian-controlled tractor suppliers to Morocco were Italy ($X), China ($X) and France ($X), together accounting for 83% of total imports.

Among the main suppliers, China, with a CAGR of +67.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pedestrian-controlled tractor import price amounted to $X per unit, picking up by 12% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pedestrian-controlled tractor import price increased by +22.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 40%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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