Morocco: Winche And Capstan Market 2024

Winche And Capstan Market Size in Morocco

The Moroccan winche and capstan market contracted to $X in 2021, dropping by -12.1% 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). In general, consumption, however, posted a notable expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Winche And Capstan Exports

Exports from Morocco

After two years of decline, overseas shipments of winches and capstans increased by 486% to X units in 2021. Over the period under review, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of 1,720% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, winche and capstan exports soared to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 1,176% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for winche and capstan exports from Morocco, accounting for a 56% share of total exports. Moreover, winche and capstan exports to France exceeded the volume sent to the second major destination, Spain (X units), threefold. The third position in this ranking was taken by Guinea (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+45.4% per year) and Guinea (-11.9% per year).

In value terms, the largest markets for winche and capstan exported from Morocco were Oman ($X), France ($X) and Guinea ($X), with a combined 75% share of total exports. These countries were followed by Mauritania, Spain, Cameroon, Italy and Cote d'Ivoire, which together accounted for a further 18%.

Among the main countries of destination, Spain, with a CAGR of +15.4%, recorded the highest growth rate of 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 winche and capstan export price amounted to $X per unit, with an increase of 38% against the previous year. Overall, the export price saw notable growth. The pace of growth was the most pronounced in 2016 an increase of 1,356% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Mauritania ($X per unit), while the average price for exports to Spain ($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 Cameroon (+77.7%), while the prices for the other major destinations experienced more modest paces of growth.

Winche And Capstan Imports

Imports into Morocco

In 2021, overseas purchases of winches and capstans decreased by -12.7% to X units, falling for the third year in a row after four years of growth. In general, imports, however, recorded noticeable growth. The growth pace was the most rapid in 2018 when imports increased by 63% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, winche and capstan imports declined to $X in 2021. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 65% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest winche and capstan supplier to Morocco, accounting for a 49% share of total imports. Moreover, winche and capstan imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. The third position in this ranking was taken by China (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-3.0% per year) and China (+7.5% per year).

In value terms, Italy ($X) constituted the largest supplier of winches and capstans to Morocco, comprising 52% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by the United States, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.7% per year) and the United States (+66.2% per year).

Import Prices by Country

In 2021, the average winche and capstan import price amounted to $X per unit, rising by 1.7% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, winche and capstan import price increased by +80.0% against 2015 indices. The pace of growth appeared the most rapid in 2020 an increase of 35% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($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 Netherlands (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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