Report Update Nov 1, 2024

Morocco - Plastic Parts for Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Morocco

The Moroccan lamp plastic parts market skyrocketed to $X in 2021, jumping by 156% 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). Over the period under review, consumption recorded a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lamp Plastic Parts Exports

Exports from Morocco

In 2021, the amount of plastic parts for lamps and lighting fittings exported from Morocco surged to X tons, increasing by 71% against 2020 figures. In general, exports enjoyed buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 269%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, lamp plastic parts exports skyrocketed to $X in 2021. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 156% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Benin (X tons) was the main destination for lamp plastic parts exports from Morocco, accounting for a 52% share of total exports. Moreover, lamp plastic parts exports to Benin exceeded the volume sent to the second major destination, Togo (X tons), threefold. Gambia (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Benin stood at +155.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+49.4% per year) and Gambia (+170.4% per year).

In value terms, Benin ($X) remains the key foreign market for plastic parts for lamps and lighting fittings exports from Morocco, comprising 50% of total exports. The second position in the ranking was held by Togo ($X), with a 16% share of total exports. It was followed by Gambia, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Benin amounted to +156.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+48.5% per year) and Gambia (+165.4% per year).

Export Prices by Country

In 2021, the average lamp plastic parts export price amounted to $X per ton, surging by 4.8% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2017 when the average export price increased by 65% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Senegal ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Senegal (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Lamp Plastic Parts Imports

Imports into Morocco

In 2021, lamp plastic parts imports into Morocco surged to X tons, increasing by 204% compared with the previous year. In general, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lamp plastic parts imports surged to $X in 2021. Over the period under review, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest lamp plastic parts supplier to Morocco, with a 75% share of total imports. Moreover, lamp plastic parts imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), ninefold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-0.8% per year) and Hong Kong SAR (+266.4% per year).

In value terms, the largest lamp plastic parts suppliers to Morocco were China ($X), Italy ($X) and Spain ($X), together comprising 83% of total imports. These countries were followed by Turkey and Hong Kong SAR, which together accounted for a further 7.3%.

Hong Kong SAR, with a CAGR of +243.9%, saw the highest growth rate of 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

The average lamp plastic parts import price stood at $X per ton in 2021, reducing by -33.4% against the previous year. In general, the import price showed a mild decrease. The pace of growth appeared the most rapid in 2018 an increase of 83%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic parts for lamps and lighting fittings in the world?

The countries with the highest volumes of lamp plastic parts consumption in 2020 were China, the United States and Japan, with a combined 58% share of global consumption.

What are the largest producers of plastic parts for lamps and lighting fittings in the world?

The country with the largest volume of lamp plastic parts production was China, accounting for 51% of total volume. Moreover, lamp plastic parts production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by Japan, with a 5.6% share.

What are the leading suppliers of plastic parts for lamps and lighting fittings to Morocco?

In value terms, the largest lamp plastic parts suppliers to Morocco were Italy, China and Spain, together comprising 83% of total imports.

What are the leading importers of plastic parts for lamps and lighting fittings from Morocco?

In value terms, Benin emerged as the key foreign market for lamp plastic parts exports from Morocco, comprising 44% of total exports. The second position in the ranking was occupied by Gabon, with a 22% share of total exports. It was followed by Gambia, with a 10% share.

What is the average export price for plastic parts for lamps and lighting fittings in Morocco?

In 2020, the average lamp plastic parts export price amounted to $5,365 per ton, declining by -26.4% against the previous year.

What is the average import price for plastic parts for lamps and lighting fittings in Morocco?

In 2020, the average lamp plastic parts import price amounted to $10,702 per ton, with an increase of 27% against the previous year.

This report provides an in-depth analysis of the lamp plastic parts market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22292400 - Plastic parts for lamps, lighting fittings and illuminated signs and name-plates

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023