Morocco: Relay Market 2024

Relay Market Size in Morocco

In 2022, the Moroccan relay market decreased by -5.4% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -23.6% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Relay Production in Morocco

In value terms, relay production stood at $X in 2022 estimated in export price. In general, production saw a perceptible decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 28% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Relay Exports

Exports from Morocco

In 2022, after four years of decline, there was growth in shipments abroad of relays, when their volume increased by 1.5% to X units. In general, exports, however, continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 58%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, relay exports expanded markedly to $X in 2022. Over the period under review, exports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 48%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for relay exports from Morocco, with a 83% share of total exports. Moreover, relay exports to France exceeded the volume sent to the second major destination, Benin (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled -25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+42.7% per year) and Germany (-60.2% per year).

In value terms, France ($X) remains the key foreign market for relays exports from Morocco, comprising 87% of total exports. The second position in the ranking was held by Benin ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France stood at -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+38.4% per year) and Germany (-45.1% per year).

Export Prices by Country

In 2022, the average relay export price amounted to $X per unit, picking up by 9.4% against the previous year. Overall, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 88% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Benin ($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 Germany (+37.7%), while the prices for the other major destinations experienced mixed trend patterns.

Relay Imports

Imports into Morocco

In 2022, purchases abroad of relays decreased by -34.1% to X units, falling for the second year in a row after five years of growth. In general, imports, however, recorded notable growth. The growth pace was the most rapid in 2018 with an increase of 50% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, relay imports shrank to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 34%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), France (X units) and Portugal (X units) were the main suppliers of relay imports to Morocco, with a combined 75% share of total imports. Spain, Japan, Turkey, Indonesia, Germany, India, Italy and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +42.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest relay suppliers to Morocco were France ($X), China ($X) and Portugal ($X), together accounting for 53% of total imports. Spain, Germany, Indonesia, Japan, Italy, India, Turkey and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 22%.

India, with a CAGR of +51.5%, saw 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

The average relay import price stood at $X per unit in 2022, growing by 38% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decrease. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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