Motorcycle Tire Price in Morocco - 2022
Contents:
- Motorcycle Tire Price in Morocco (CIF) - 2022
- Motorcycle Tire Price in Morocco (FOB) - 2022
- Motorcycle Tire Imports in Morocco
- Motorcycle Tire Exports in Morocco
Motorcycle Tire Price in Morocco (CIF) - 2022
The average motorcycle tire import price stood at $12 per unit in 2022, increasing by 11% against the previous year. In general, the import price, however, recorded a deep slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 52%. As a result, import price reached the peak level of $35 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($35 per unit), while the price for Vietnam ($8.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+4.4%), while the prices for the other major suppliers experienced a decline.
Motorcycle Tire Price in Morocco (FOB) - 2022
The average motorcycle tire export price stood at $32 per unit in 2022, falling by -18.7% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the average export price decreased by -17.1% against the previous year. Over the period under review, the average export prices reached the peak figure at $48 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Cabo Verde.
From 2018 to 2022, the rate of growth in terms of prices for Cabo Verde amounted to +14.7% per year.
Motorcycle Tire Imports in Morocco
In 2022, after three years of growth, there was significant decline in supplies from abroad of new pneumatic tyres for motorcycles, when their volume decreased by -23% to 556K units. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 40%. As a result, imports reached the peak of 721K units, and then shrank significantly in the following year.
In value terms, motorcycle tire imports contracted to $6.8M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of $8M, and then reduced in the following year.
| Import of Motorcycle Tire in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,983 | 4,677 | 5,497 | 3,752 | -2.0% |
| Egypt | N/A | N/A | 934 | 973 | 4.2% |
| Slovenia | 292 | 183 | 214 | 473 | 17.4% |
| Indonesia | 780 | 254 | 384 | 421 | -18.6% |
| Turkey | 102 | 231 | 367 | 318 | 46.1% |
| Thailand | 240 | 158 | 132 | 186 | -8.1% |
| Vietnam | 311 | 209 | 161 | 131 | -25.0% |
| Others | 234 | 314 | 289 | 548 | 32.8% |
| Total | 5,941 | 6,026 | 7,978 | 6,803 | 4.6% |
Top Suppliers of Motorcycle Tire to Morocco in 2022:
- China (367.4K units)
- Egypt (71.9K units)
- Indonesia (33.1K units)
- Thailand (21.8K units)
- Turkey (20.2K units)
- Vietnam (15.6K units)
- Slovenia (13.3K units)
Motorcycle Tire Exports in Morocco
In 2022, after two years of growth, there was significant decline in overseas shipments of new pneumatic tyres for motorcycles, when their volume decreased by -11.1% to 24 units. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 170% against the previous year. As a result, the exports attained the peak of 27 units, and then declined in the following year.
In value terms, motorcycle tire exports reduced notably to $778 in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 124%. As a result, the exports attained the peak of $1.1K, and then dropped significantly in the following year.
| Export of Motorcycle Tire in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Cabo Verde | 205 | 40.0 | 778 | 94.8% | |
| Czech Republic | 276 | N/A | N/A | 0% | |
| France | N/A | 518 | N/A | 0% | |
| Others | N/A | 518 | N/A | 0% | |
| Total | 481 | 1,076 | 778 | 27.2% | |
Top Export Markets for Motorcycle Tire from Morocco in 2022:
- Cabo Verde (24.0 units)
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