Morocco: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Morocco

After two years of growth, the Moroccan market for primary cells and primary batteries decreased by -2.8% to $X in 2022. In general, consumption, however, showed a buoyant expansion. As a result, consumption attained the peak level of $X, and then reduced slightly in the following year.

Exports of Primary Cells And Primary Batteries

Exports from Morocco

In 2022, approx. X units of primary cells and primary batteries were exported from Morocco; dropping by -20.1% compared with the previous year. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 126% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, primary cells and primary batteries exports fell modestly to $X in 2022. In general, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X units), Mauritania (X units) and Cote d'Ivoire (X units) were the main destinations of primary cells and primary batteries exports from Morocco, with a combined 96% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mauritania (with a CAGR of -4.0%), while shipments for the other leaders experienced a decline.

In value terms, Switzerland ($X) emerged as the key foreign market for primary cells and primary batteries exports from Morocco, comprising 86% of total exports. The second position in the ranking was held by Mauritania ($X), with a 6.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Switzerland stood at -16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+1.4% per year) and Cote d'Ivoire (-16.2% per year).

Export Prices by Country

In 2022, the average export price for primary cells and primary batteries amounted to $X per unit, growing by 20% against the previous year. In general, the export price recorded mild growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 59%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Mauritania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells And Primary Batteries

Imports into Morocco

In 2022, after two years of growth, there was decline in supplies from abroad of primary cells and primary batteries, when their volume decreased by -1.6% to X units. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 103% against the previous year. Imports peaked at X units in 2021, and then contracted modestly in the following year.

In value terms, primary cells and primary batteries imports reduced modestly to $X in 2022. Overall, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 90% against the previous year. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

Belgium (X units), China (X units) and the United States (X units) were the main suppliers of primary cells and primary batteries imports to Morocco, together comprising 50% of total imports. Japan, Switzerland, Poland, Germany, Singapore and France lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +38.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of primary cells and primary batteries to Morocco, comprising 41% of total imports. The second position in the ranking was held by Belgium ($X), with a 20% share of total imports. It was followed by Poland, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.8% per year) and Poland (+22.1% per year).

Import Prices by Country

The average import price for primary cells and primary batteries stood at $X per unit in 2022, shrinking by -3% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 18%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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