Morocco: Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size in Morocco

In 2021, the Moroccan railway maintenance vehicle market decreased by -28% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption, however, enjoyed a resilient increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Railway Maintenance Vehicle Production in Morocco

In value terms, railway maintenance vehicle production contracted markedly to $X in 2021 estimated in export price. Overall, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 98% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Railway Maintenance Vehicle Exports

Exports from Morocco

In 2021, overseas shipments of railway or tramway maintenance or service vehicles decreased by -33.3% to X units, falling for the second consecutive year after three years of growth. In general, exports saw a sharp slump. The pace of growth was the most pronounced in 2013 with an increase of 230% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, railway maintenance vehicle exports skyrocketed to $X in 2021. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 278%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for railway maintenance vehicle exports from Morocco, accounting for a approx. 50% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at -29.4%.

In value terms, France ($X) also remains the key foreign market for railway or tramway maintenance or service vehicles exports from Morocco.

From 2012 to 2021, the average annual growth rate of value to France totaled +6.6%.

Export Prices by Country

In 2021, the average railway maintenance vehicle export price amounted to $X per unit, picking up by 144% against the previous year. Over the period under review, the export price posted a significant expansion. The pace of growth was the most pronounced in 2014 an increase of 390% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +76.4% per year.

Railway Maintenance Vehicle Imports

Imports into Morocco

In 2021, purchases abroad of railway or tramway maintenance or service vehicles increased by 5.9% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 23,000% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, railway maintenance vehicle imports dropped rapidly to $X in 2021. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 25,910% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Austria (X units) constituted the largest supplier of railway maintenance vehicle to Morocco, with a 57% share of total imports. Moreover, railway maintenance vehicle imports from Austria exceeded the figures recorded by the second-largest supplier, Belgium (X units), eightfold. The third position in this ranking was taken by Spain (X units), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from Austria totaled +60.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+20.7% per year) and Spain (-8.3% per year).

In value terms, France ($X), Austria ($X) and Italy ($X) were the largest railway maintenance vehicle suppliers to Morocco, with a combined 82% share of total imports. These countries were followed by Belgium, Spain and Switzerland, which together accounted for a further 6.8%.

In terms of the main suppliers, Belgium, with a CAGR of +148.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average railway maintenance vehicle import price stood at $X per unit in 2021, with a decrease of -45% against the previous year. Overall, the import price, however, posted tangible growth. The pace of growth was the most pronounced in 2018 an increase of 92%. The import price peaked at $X per unit in 2020, and then declined significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+36.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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