Morocco: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Morocco

The Moroccan transporter and bridge cranes market dropped remarkably to $X in 2021, declining by -90.9% 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 drastic downturn. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from Morocco

In 2021, overseas shipments of transporter cranes, gantry cranes and bridge cranes increased by 41% to X units, rising for the third consecutive year after four years of decline. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 322% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, transporter and bridge cranes exports skyrocketed to $X in 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 472%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for transporter and bridge cranes exports from Morocco, with a 90% share of total exports. Moreover, transporter and bridge cranes exports to France exceeded the volume sent to the second major destination, Senegal (X units), more than tenfold. Mauritania (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at +84.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+63.2% per year) and Mauritania (+28.0% per year).

In value terms, France ($X) remains the key foreign market for transporter cranes, gantry cranes and bridge cranes exports from Morocco, comprising 95% of total exports. The second position in the ranking was taken by Senegal ($X), with a 2.2% share of total exports. It was followed by Mauritania, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +80.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+35.0% per year) and Mauritania (+7.4% per year).

Export Prices by Country

The average transporter and bridge cranes export price stood at $X per unit in 2021, rising by 37% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The export price peaked at $X per unit in 2012; however, from 2013 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 Portugal ($X per unit), while the average price for exports to Senegal ($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 (+4.0%), while the prices for the other major destinations experienced a decline.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into Morocco

Transporter and bridge cranes imports into Morocco contracted dramatically to X units in 2021, shrinking by -91.2% on 2020. Over the period under review, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 1,877% against the previous year. As a result, imports attained the peak of X units, and then reduced markedly in the following year.

In value terms, transporter and bridge cranes imports declined sharply to $X in 2021. In general, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 1,946% against the previous year. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest transporter and bridge cranes supplier to Morocco, with a 21% share of total imports. Moreover, transporter and bridge cranes imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. The third position in this ranking was held by Spain (X units), with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +90.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+38.1% per year) and Spain (-21.7% per year).

In value terms, China ($X) constituted the largest supplier of transporter cranes, gantry cranes and bridge cranes to Morocco, comprising 25% of total imports. The second position in the ranking was taken by Spain ($X), with a 0.5% share of total imports. It was followed by France, with a 0.5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +111.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-13.5% per year) and France (+24.9% per year).

Import Prices by Country

In 2021, the average transporter and bridge cranes import price amounted to $X per unit, increasing by 15% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transporter and bridge cranes import price increased by +33.4% against 2016 indices. The growth pace was the most rapid in 2016 an increase of 74% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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