Morocco: Pump For Liquid Market 2024

Pump For Liquid Market Size in Morocco

In 2021, the Moroccan pump for liquid market increased by 15% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.8% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Pump For Liquid Exports

Exports from Morocco

After three years of decline, shipments abroad of pumps for liquids and liquid elevators increased by 8.5% to X units in 2021. Over the period under review, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 117% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pump for liquid exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 112% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X units) was the main destination for pump for liquid exports from Morocco, with a 33% share of total exports. Moreover, pump for liquid exports to Mauritania exceeded the volume sent to the second major destination, Belgium (X units), twofold. Senegal (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Mauritania totaled -13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-16.8% per year) and Senegal (+9.4% per year).

In value terms, Senegal ($X), Mauritania ($X) and Belgium ($X) constituted the largest markets for pump for liquid exported from Morocco worldwide, together accounting for 60% of total exports. These countries were followed by France, Tunisia, Djibouti, Spain, Sudan, Germany, Equatorial Guinea and Italy, which together accounted for a further 21%.

In terms of the main countries of destination, Djibouti, with a CAGR of +211.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, surging by 74% against the previous year. In general, the export price posted significant growth. The most prominent rate of growth was recorded in 2018 an increase of 126% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+78.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Morocco

In 2021, supplies from abroad of pumps for liquids and liquid elevators increased by 17% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 40%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, pump for liquid imports rose markedly to $X in 2021. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 65% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pump for liquid to Morocco, accounting for a 47% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+13.2% per year) and Germany (+14.9% per year).

In value terms, France ($X) constituted the largest supplier of pumps for liquids and liquid elevators to Morocco, comprising 34% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.2% per year) and Germany (+17.6% per year).

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2021, falling by -3.1% against the previous year. Overall, the import price, however, enjoyed a strong expansion. The growth pace was the most rapid in 2018 an increase of 59% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+35.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform