Morocco: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Morocco

After five years of growth, the Moroccan motorcycle or bicycle tyre market decreased by X% to $X in 2022. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2014 indices. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Exports of Tyres For Motorcycles or Bicycles

Exports from Morocco

After two years of decline, overseas shipments of tyres for motorcycles or bicycles increased by X% to X units in 2022. Over the period under review, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, motorcycle or bicycle tyre exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units), Cabo Verde (X units) and Ireland (X units) were the main destinations of motorcycle or bicycle tyre exports from Morocco, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Cabo Verde ($X) emerged as the key foreign market for tyres for motorcycles or bicycles exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Ireland ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cabo Verde totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($X per unit), while the average price for exports to Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into Morocco

In 2022, purchases abroad of tyres for motorcycles or bicycles decreased by X% to X units for the first time since 2014, thus ending a seven-year rising trend. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, motorcycle or bicycle tyre imports declined remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motorcycle or bicycle tyre to Morocco, accounting for a X% share of total imports. Moreover, motorcycle or bicycle tyre imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. The third position in this ranking was held by Indonesia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of tyres for motorcycles or bicycles to Morocco, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

The average motorcycle or bicycle tyre import price stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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