Morocco: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Morocco

The Moroccan market for residential, commercial and industrial lighting fixture soared to $X in 2021, increasing by 82% 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). Over the period under review, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Morocco

Exports of residential, commercial and industrial lighting fixture from Morocco dropped notably to X units in 2021, with a decrease of -43.5% compared with the year before. Overall, exports faced a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by 153%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture contracted remarkably to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 112% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from Morocco, with a 23% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to Cote d'Ivoire exceeded the volume sent to the second major destination, Gabon (X units), threefold. Mali (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (-13.4% per year) and Mali (-7.2% per year).

In value terms, Mauritania ($X), Cote d'Ivoire ($X) and Mali ($X) were the largest markets for residential, commercial and industrial lighting fixture exported from Morocco worldwide, with a combined 31% share of total exports. These countries were followed by Gabon, Senegal, France, Benin, Congo, Burkina Faso, Guinea, Cameroon, Gambia and Niger, which together accounted for a further 23%.

Gambia, with a CAGR of +9.1%, recorded the highest growth rate of the value of exports, among 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

The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, surging by 8.7% against the previous year. Over the period under review, the export price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 39%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritania ($X per unit), while the average price for exports to Niger ($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 Mauritania (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Morocco

In 2021, imports of residential, commercial and industrial lighting fixture into Morocco soared to X units, rising by 61% against 2020. Overall, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of residential, commercial and industrial lighting fixture to Morocco, with a 86% share of total imports. It was followed by Spain (X units), with a 1.2% share of total imports. Turkey (X units) ranked third in terms of total imports with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-9.8% per year) and Turkey (-4.2% per year).

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to Morocco, comprising 62% of total imports. The second position in the ranking was held by Italy ($X), with a 4.6% share of total imports. It was followed by Spain, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.6% per year) and Spain (-3.3% per year).

Import Prices by Country

The average import price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, leveling off at the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2018 when the average import price increased by 18% against the previous year. The import price peaked at $X per unit in 2020, and then reduced modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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