Morocco: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in Morocco

For the eleventh consecutive year, the Moroccan telephonic switching apparatus market recorded growth in sales value, which increased by 24% to $X in 2022. Overall, consumption enjoyed a significant increase. Telephonic switching apparatus consumption peaked in 2022 and is expected to retain growth in the immediate term.

Telephonic Switching Apparatus Exports

Exports from Morocco

For the sixth year in a row, Morocco recorded growth in overseas shipments of telephonic or telegraphic switching apparatus, which increased by 268% to X units in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, telephonic switching apparatus exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 160%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Hungary (X units) was the main destination for telephonic switching apparatus exports from Morocco, accounting for a 37% share of total exports. Moreover, telephonic switching apparatus exports to Hungary exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. China (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary stood at +203.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+10.9% per year) and China (+94.8% per year).

In value terms, the largest markets for telephonic switching apparatus exported from Morocco were Hungary ($X), the Netherlands ($X) and China ($X), with a combined 65% share of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +147.7%, 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

The average telephonic switching apparatus export price stood at $X per unit in 2021, increasing by 33% against the previous year. Overall, the export price continues to indicate a temperate increase. The growth pace was the most rapid in 2020 when the average export price increased by 76%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United Arab Emirates ($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 France (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Telephonic Switching Apparatus Imports

Imports into Morocco

In 2022, the amount of telephonic or telegraphic switching apparatus imported into Morocco rose rapidly to X units, picking up by 10% compared with the previous year's figure. In general, imports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of 60% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, telephonic switching apparatus imports surged to $X in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 59%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest telephonic switching apparatus supplier to Morocco, accounting for a 40% share of total imports. Moreover, telephonic switching apparatus imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was taken by France (X units), with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+92.9% per year) and France (-19.8% per year).

In value terms, China ($X) constituted the largest supplier of telephonic or telegraphic switching apparatus to Morocco, comprising 78% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.9% share of total imports. It was followed by France, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+78.4% per year) and France (-17.4% per year).

Import Prices by Country

The average telephonic switching apparatus import price stood at $X per unit in 2021, dropping by -16.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 0.2%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while the price for South Korea ($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 (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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