Morocco: Suspension System Market 2025

Suspension System Market Size in Morocco

The Moroccan suspension system market amounted to $X in 2022, surging by 4% against the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Suspension System Production in Morocco

In value terms, suspension system production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 40%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Suspension System Exports

Exports from Morocco

In 2022, the amount of suspension systems exported from Morocco soared to X tons, with an increase of 15% on 2021. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of 3,987%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, suspension system exports shrank to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 3,178%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for suspension system exports from Morocco, with a 96% share of total exports. It was followed by Nigeria (X tons), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +315.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+14.0% per year) and Poland (-19.9% per year).

In value terms, Spain ($X) remains the key foreign market for suspension systems exports from Morocco, comprising 98% of total exports. The second position in the ranking was held by Nigeria ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +277.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+12.0% per year) and Poland (-10.3% per year).

Export Prices by Country

The average suspension system export price stood at $X per ton in 2022, which is down by -14.5% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 159% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+12.0%), while the prices for the other major destinations experienced a decline.

Suspension System Imports

Imports into Morocco

Suspension system imports into Morocco rose notably to X tons in 2022, surging by 6.4% against the year before. Overall, imports saw prominent growth. The growth pace was the most rapid in 2021 with an increase of 79%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, suspension system imports expanded to $X in 2022. In general, imports showed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 97%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Turkey (X tons) and India (X tons) were the main suppliers of suspension system imports to Morocco, together accounting for 64% of total imports. Spain, Romania, France, Germany, Italy, Tunisia and Japan lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +81.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest suspension system suppliers to Morocco were Turkey ($X), India ($X) and China ($X), together comprising 58% of total imports. Spain, Romania, Germany, France, Italy, Japan and Tunisia lagged somewhat behind, together comprising a further 34%.

In terms of the main suppliers, Romania, with a CAGR of +83.7%, recorded the highest growth rate of 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 suspension system import price stood at $X per ton in 2022, shrinking by -3.7% against the previous year. In general, the import price showed a mild reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 23%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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