Morocco: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2025

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Morocco

The Moroccan market for pulley tackle and hoists powered by an electric motor skyrocketed to $X in 2022, picking up by 61% 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). Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.0% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Morocco

Exports of pulley tackle and hoists powered by an electric motor from Morocco reduced notably to X units in 2022, dropping by -71.7% on the year before. Over the period under review, exports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 268%. As a result, the exports reached the peak of X units, and then contracted markedly in the following year.

In value terms, exports of pulley tackle and hoists powered by an electric motor declined sharply to $X in 2022. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,850%. Over the period under review, the exports of hit record highs at $X in 2021, and then declined significantly in the following year.

Exports by Country

Tunisia (X units), Mali (X units) and Burkina Faso (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Morocco, with a combined 73% share of total exports. Moreover, exports of pulley tackle and hoists powered by an electric motor in Tunisia exceeded the figures recorded by the second-largest exporter, Mali, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mali (with a CAGR of +49.5%), while the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Mali ($X) and Burkina Faso ($X) appeared to be the largest markets for pulley tackle and hoists powered by an electric motor exported from Morocco worldwide, with a combined 77% share of total exports.

Mali, with a CAGR of +216.4%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, reducing by -9.9% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of 1,700% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($X per unit), while the average price for exports to Senegal ($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 Mali (+111.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Morocco

In 2022, approx. X units of pulley tackle and hoists powered by an electric motor were imported into Morocco; with an increase of 107% on 2021. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of pulley tackle and hoists powered by an electric motor amounted to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 58% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Finland (X units) and Italy (X units) were the main suppliers of imports of pulley tackle and hoists powered by an electric motor to Morocco, together accounting for 42% of total imports. Germany, France, Spain and Poland lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +50.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Italy ($X) and Spain ($X) constituted the largest pulley tackle and hoists powered by an electric motor suppliers to Morocco, together comprising 67% of total imports. Germany, China, France and Poland lagged somewhat behind, together accounting for a further 27%.

Poland, with a CAGR of +44.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 import price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, shrinking by -46.1% against the previous year. Over the period under review, the import price showed a deep reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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