Report Update Feb 1, 2025

Morocco - Thermostats - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Thermostat Market 2025

Thermostat Market Size in Morocco

In 2021, the Moroccan thermostat market increased by 82% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption posted a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Thermostat Exports

Exports from Morocco

In 2021, shipments abroad of thermostats increased by 70% to X units, rising for the third year in a row after three years of decline. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 241% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, thermostat exports dropped to $X in 2021. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 218%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X units) was the main destination for thermostat exports from Morocco, with a 55% share of total exports. Moreover, thermostat exports to Argentina exceeded the volume sent to the second major destination, France (X units), twofold. Mexico (X units) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina stood at +60.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+35.3% per year) and Mexico (-12.7% per year).

In value terms, Argentina ($X), Mexico ($X) and France ($X) appeared to be the largest markets for thermostat exported from Morocco worldwide, with a combined 62% share of total exports. Spain, Germany, Belgium, Cote d'Ivoire, South Africa and the Netherlands lagged somewhat behind, together accounting for a further 18%.

Among the main countries of destination, Germany, with a CAGR of +50.2%, recorded 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 2021, the average thermostat export price amounted to $X per unit, which is down by -49% against the previous year. In general, the export price recorded a pronounced decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by 100% against the previous year. The export price peaked at $X per unit in 2020, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to South Africa ($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 Mexico (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Thermostat Imports

Imports into Morocco

In 2021, approx. X units of thermostats were imported into Morocco; jumping by 67% against 2020. Over the period under review, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, thermostat imports skyrocketed to $X in 2021. Overall, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X units), China (X units) and France (X units) were the main suppliers of thermostat imports to Morocco, with a combined 69% share of total imports. These countries were followed by Italy, Turkey, Spain and the United Arab Emirates, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +76.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest thermostat suppliers to Morocco were Spain ($X), China ($X) and Italy ($X), with a combined 55% share of total imports. These countries were followed by France, the Czech Republic, the United Arab Emirates and Turkey, which together accounted for a further 26%.

The United Arab Emirates, with a CAGR of +66.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average thermostat import price amounted to $X per unit, increasing by 13% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 24%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

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 Spain ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for thermostats in the world?

The countries with the highest volumes of in 2021 were China, India and Hong Kong SAR, together accounting for 42% of global consumption.

What are the largest producers of thermostats in the world?

The country with the largest volume of thermostat production was China, comprising approx. 38% of total volume. Moreover, thermostat production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Mexico, with a 5.9% share.

What are the leading suppliers of thermostats to Morocco?

In value terms, China, France and Italy appeared to be the largest thermostat suppliers to Morocco, with a combined 44% share of total imports. Spain, the Czech Republic, Turkey and Slovakia lagged somewhat behind, together accounting for a further 29%.

What are the leading importers of thermostats from Morocco?

In value terms, Algeria remains the key foreign market for thermostat exports from Morocco, comprising 61% of total exports. The second position in the ranking was occupied by Senegal, with a 19% share of total exports. It was followed by Spain, with an 8.3% share.

What is the average export price for thermostats in Morocco?

In 2021, the average thermostat export price amounted to $7.7 per unit, with a decrease of -13.5% against the previous year.

What is the average import price for thermostats in Morocco?

The average thermostat import price stood at $1.8 per unit in 2021, waning by -6.5% against the previous year.

This report provides an in-depth analysis of the thermostat market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26517015 - Electronic thermostats
Prodcom 26517019 - Non-electronic thermostats

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024