Morocco: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Morocco

The Moroccan pneumatic linear acting actuator market skyrocketed to $X in 2022, rising by 28% 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 recorded a significant increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Exports of Pneumatic Linear Acting Actuators

Exports from Morocco

After two years of decline, shipments abroad of pneumatic linear acting actuators increased by 113% to X units in 2022. In general, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,574% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. Overall, exports showed modest growth. The most prominent rate of growth was recorded in 2019 when exports increased by 1,933% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for pneumatic linear acting actuator exports from Morocco, with a 79% share of total exports. Moreover, pneumatic linear acting actuator exports to Belgium exceeded the volume sent to the second major destination, France (X units), more than tenfold. Russia (X units) ranked third in terms of total exports with a 7% share.

From 2013 to 2022, the average annual growth rate of volume to Belgium amounted to +38.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-24.5% per year) and Russia (0.0% per year).

In value terms, the largest markets for pneumatic linear acting actuator exported from Morocco were Russia ($X), Belgium ($X) and France ($X), with a combined 96% share of total exports.

Belgium, with a CAGR of +80.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, picking up by 63% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 277%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+241.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Morocco

Pneumatic linear acting actuator imports into Morocco surged to X units in 2022, jumping by 34% on the previous year. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 190% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, pneumatic linear acting actuator imports soared to $X in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2016 with an increase of 102%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), China (X units) and Turkey (X units) were the main suppliers of pneumatic linear acting actuator imports to Morocco, together accounting for 62% of total imports. Italy, Spain, Hungary and South Korea lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +183.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pneumatic linear acting actuators to Morocco, comprising 32% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Italy, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+85.7% per year) and Italy (+26.3% per year).

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, with a decrease of -5.1% against the previous year. Overall, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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