Morocco: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Morocco

The Moroccan turbo-jet (over X kn) market rose slightly to $X in 2021, growing by 4% against the previous year. Overall, consumption enjoyed a significant expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Morocco

In value terms, turbo-jet (over X kn) production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +16.8% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 34%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports from Morocco

In 2021, shipments abroad of turbo-jets of a thrust exceeding X kn decreased by -63.6% to X units for the first time since 2017, thus ending a three-year rising trend. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 120%. As a result, the exports reached the peak of X units, and then fell dramatically in the following year.

In value terms, turbo-jet (over X kn) exports fell remarkably to $X in 2021. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 714,614,800%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units), Belgium (X units) and the UK (X units) were the main destinations of turbo-jet (over X kn) exports from Morocco. Moreover, turbo-jet (over X kn) exports in France exceeded the figures recorded by the second-largest exporter, Belgium, twofold.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for turbo-jets of a thrust exceeding X kn exports from Morocco, comprising 28% of total exports. The second position in the ranking was held by the UK ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+32.2% per year) and the Netherlands (-6.7% per year).

Export Prices by Country

The average turbo-jet (over X kn) export price stood at $X per unit in 2021, picking up by 80% against the previous year. In general, the export price recorded a slight increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 120% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Belgium ($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 the UK (+27.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports into Morocco

In 2021, the amount of turbo-jets of a thrust exceeding X kn imported into Morocco skyrocketed to X units, growing by 16% on the year before. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 400%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, turbo-jet (over X kn) imports contracted to $X in 2021. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 367%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) was the main supplier of turbo-jet (over X kn) to Morocco, with a 97% share of total imports. It was followed by France (X units), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +77.3%.

In value terms, the United States ($X) constituted the largest supplier of turbo-jets of a thrust exceeding X kn to Morocco, comprising 56% of total imports. The second position in the ranking was held by the UK ($X), with an 11% share of total imports. It was followed by Norway, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +91.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+141.8% per year) and Norway (+58.9% per year).

Import Prices by Country

The average turbo-jet (over X kn) import price stood at $X per unit in 2021, waning by -25.5% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 30% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Spain ($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 UK (+218.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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