Morocco: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Morocco

The Moroccan cable-making machine market surged to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. Cable-making machine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cable-Making Machine Production in Morocco

In value terms, cable-making machine production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Cable-making machine production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cable-Making Machine Exports

Exports from Morocco

In 2022, shipments abroad of rope or cable-making machines increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, cable-making machine exports dropped to $X in 2022. In general, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X units), Spain (X units) and Tunisia (X units) were the main destinations of cable-making machine exports from Morocco, with a combined X% share of total exports.

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

In value terms, the largest markets for cable-making machine exported from Morocco were Spain ($X), Austria ($X) and Tunisia ($X), with a combined X% share of total exports.

Among the main countries of destination, Austria, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average cable-making machine export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Spain ($X per unit), while the average price for exports to France ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cable-Making Machine Imports

Imports into Morocco

In 2022, after two years of decline, there was significant growth in supplies from abroad of rope or cable-making machines, when their volume increased by X% to X units. Overall, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cable-making machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a mild downturn. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest cable-making machine supplier to Morocco, with a X% share of total imports. Moreover, cable-making machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Portugal (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Portugal (X% per year).

In value terms, Germany ($X) constituted the largest supplier of rope or cable-making machines to Morocco, comprising X% of total imports. The second position in the ranking was held by Portugal ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average cable-making machine import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cable-making machine import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :