Morocco: Tamping Machinery Market 2024

Tamping Machinery Market Size in Morocco

The Moroccan tamping machinery market rose sharply to $X in 2021, with an increase of 11% 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 saw a strong expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Tamping Machinery Exports

Exports from Morocco

In 2021, overseas shipments of tamping or compacting machinery decreased by -37.9% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,175% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tamping machinery exports reduced dramatically to $X in 2021. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 14,585% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X units), Cote d'Ivoire (X units) and Senegal (X units) were the main destinations of tamping machinery exports from Morocco, together accounting for 72% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +3.2%), while the other leaders experienced mixed trend patterns.

In value terms, Portugal ($X), Benin ($X) and Cote d'Ivoire ($X) were the largest markets for tamping machinery exported from Morocco worldwide, together accounting for 77% of total exports.

Among the main countries of destination, Portugal, with a CAGR of +94.9%, saw the highest growth rate of 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

The average tamping machinery export price stood at $X per unit in 2021, almost unchanged from the previous year. In general, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by 555%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 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 Benin ($X per unit), while the average price for exports to Senegal ($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 Portugal (+26.0%), while the prices for the other major destinations experienced mixed trend patterns.

Tamping Machinery Imports

Imports into Morocco

After two years of decline, purchases abroad of tamping or compacting machinery increased by 45% to X units in 2021. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in 2015 with an increase of 614%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, tamping machinery imports declined rapidly to $X in 2021. Overall, imports, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2015 with an increase of 430% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of tamping machinery to Morocco, with a 20% share of total imports. Moreover, tamping machinery imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), twofold. The third position in this ranking was taken by Portugal (X units), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+26.2% per year) and Portugal (+13.7% per year).

In value terms, China ($X) constituted the largest supplier of tamping or compacting machinery to Morocco, comprising 16% of total imports. The second position in the ranking was held by Vietnam ($X), with a 5.6% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-29.8% per year) and Germany (-2.0% per year).

Import Prices by Country

The average tamping machinery import price stood at $X per unit in 2021, waning by -72.4% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 101% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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