Morocco: Semiconductor Device Market 2024

Semiconductor Device Market Size in Morocco

The Moroccan semiconductor device market shrank to $X in 2021, dropping by -7.5% against the previous year. In general, consumption saw a deep downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Semiconductor Device Production in Morocco

In value terms, semiconductor device production fell rapidly to $X in 2021 estimated in export price. Overall, production, however, showed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 218% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell sharply in the following year.

Semiconductor Device Exports

Exports from Morocco

In 2021, shipments abroad of semiconductor devices increased by 22% to X units, rising for the seventh year in a row after two years of decline. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 867% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, semiconductor device exports surged to $X in 2021. Overall, exports enjoyed a tangible increase. The pace of growth appeared the most rapid in 2016 with an increase of 504%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X units) was the main destination for semiconductor device exports from Morocco, accounting for a 98% share of total exports. It was followed by Singapore (X units), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to France totaled +73.1%.

In value terms, France ($X) remains the key foreign market for semiconductor devices exports from Morocco, comprising 79% of total exports. The second position in the ranking was taken by Singapore ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France amounted to +75.8%.

Export Prices by Country

In 2021, the average semiconductor device export price amounted to $X per unit, shrinking by -5.5% against the previous year. Overall, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 805% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Singapore totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Semiconductor Device Imports

Imports into Morocco

In 2021, purchases abroad of semiconductor devices was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, faced a significant decline. The most prominent rate of growth was recorded in 2016 with an increase of 203%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, semiconductor device imports expanded significantly to $X in 2021. In general, imports, however, continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2016 with an increase of 186%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest semiconductor device supplier to Morocco, with a 69% share of total imports. Moreover, semiconductor device imports from Spain exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. The third position in this ranking was held by China (X units), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to -32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+84.4% per year) and China (-24.5% per year).

In value terms, Spain ($X), Malaysia ($X) and China ($X) were the largest semiconductor device suppliers to Morocco, together comprising 82% of total imports.

Malaysia, with a CAGR of +111.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average semiconductor device import price amounted to $X per unit, dropping by -4.6% against the previous year. In general, the import price, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 91%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, 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 Portugal ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+51.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :