Morocco: Tuner Block Market 2024

Tuner Block Market Size in Morocco

The Moroccan tuner block market declined to $X in 2022, with a decrease of -9.2% against the previous year. Overall, consumption recorded a perceptible downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tuner Block Production in Morocco

In value terms, tuner block production rose to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when the production volume increased by 35% against the previous year. Tuner block production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Tuner Block Exports

Exports from Morocco

In 2022, exports of tuner blocks from Morocco shrank markedly to X units, waning by -97.1% on the previous year's figure. Over the period under review, exports faced a significant contraction. The growth pace was the most rapid in 2015 when exports increased by 1,201%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, tuner block exports fell markedly to $X in 2022. Overall, exports showed a dramatic downturn. The growth pace was the most rapid in 2015 when exports increased by 456% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for tuner block exports from Morocco, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to -42.8%.

In value terms, Spain ($X) emerged as the key foreign market for tuner blocks exports from Morocco.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to -39.4%.

Export Prices by Country

The average tuner block export price stood at $X per unit in 2022, waning by -47.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 128% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +4.8% per year.

Tuner Block Imports

Imports into Morocco

In 2022, supplies from abroad of tuner blocks decreased by -37.1% to X units, falling for the third consecutive year after five years of growth. In general, total imports indicated a slight increase from 2015 to 2022: its volume increased at an average annual rate of +1.6% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -42.9% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 26%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, tuner block imports reduced rapidly to $X in 2022. Over the period under review, total imports indicated a notable increase from 2015 to 2022: its value increased at an average annual rate of +2.9% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.9% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 31%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tuner block to Morocco, with a 83% share of total imports. Moreover, tuner block imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold. Vietnam (X units) ranked third in terms of total imports with a 6.1% share.

From 2015 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (0.0% per year) and Vietnam (+95.7% per year).

In value terms, China ($X) constituted the largest supplier of tuner blocks to Morocco, comprising 83% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 7.1% share of total imports. It was followed by Vietnam, with a 6.1% share.

From 2015 to 2022, the average annual rate of growth in terms of value from China stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (0.0% per year) and Vietnam (+100.7% per year).

Import Prices by Country

The average tuner block import price stood at $X per unit in 2022, increasing by 25% against the previous year. Over the period from 2015 to 2022, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($X per unit) and Vietnam ($X per unit), while the price for China ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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