Plugs and Socket Price in Morocco - 2023
Contents:
- Plugs and Socket Price in Morocco (CIF) - 2023
- Plugs and Socket Price in Morocco (FOB) - 2022
- Plugs and Socket Imports in Morocco
- Plugs and Socket Exports in Morocco
Plugs and Socket Price in Morocco (CIF) - 2023
In December 2022, the average plugs and socket import price amounted to $325 per thousand units, with a decrease of -14.9% against the previous month. Over the period under review, the import price saw a perceptible setback. The growth pace was the most rapid in September 2022 when the average import price increased by 18% against the previous month. The import price peaked at $427 per thousand units in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($757 per thousand units), while the price for China ($106 per thousand units) was amongst the lowest.
From June 2022 to December 2022, the most notable rate of growth in terms of prices was attained by France (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Morocco (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.1 per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 29%. As a result, the export price reached the peak level of $0.1 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($0.3 per unit), while the average price for exports to Cameroon ($0.1 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 Spain (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Morocco
Plugs and socket imports into Morocco reduced rapidly to 90M units in 2022, declining by -33.4% compared with 2021 figures. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 84%. As a result, imports reached the peak of 135M units, and then declined sharply in the following year.
In value terms, plugs and socket imports fell notably to $31M in 2022. Overall, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports attained the peak of $49M, and then contracted remarkably in the following year.
| Import of Plugs and Socket in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.6 | 8.4 | 16.5 | 8.5 | 3.8% |
| Spain | 1.5 | 5.0 | 8.9 | 6.8 | 65.5% |
| France | 3.3 | 2.4 | 3.4 | 4.0 | 6.6% |
| China | 3.1 | 2.3 | 4.3 | 3.4 | 3.1% |
| Czech Republic | 0.5 | 2.1 | 3.9 | 2.4 | 68.7% |
| Italy | 1.2 | 0.7 | 3.3 | 2.3 | 24.2% |
| Turkey | 0.8 | 0.4 | 0.6 | 0.6 | -9.1% |
| United States | 0.5 | 0.6 | 4.5 | 0.4 | -7.2% |
| Poland | 0.3 | 0.3 | 0.5 | 0.3 | 0.0% |
| Egypt | 0.5 | 0.2 | 0.2 | 0.2 | -26.3% |
| Others | 1.5 | 4.1 | 3.3 | 2.2 | 13.6% |
| Total | 20.7 | 26.6 | 49.4 | 31.0 | 14.4% |
Top Suppliers of Plugs and Socket to Morocco in 2022:
- China (23.4M units)
- Germany (17.6M units)
- Spain (15.7M units)
- France (10.9M units)
- Italy (8.0M units)
- Czech Republic (4.2M units)
- Turkey (3.0M units)
- Poland (1.2M units)
- Egypt (1.0M units)
- United States (0.9M units)
Plugs and Socket Exports in Morocco
In 2022, exports of electrical plugs and sockets for under 1000 v from Morocco reduced notably to 161M units, shrinking by -19.8% compared with 2021. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 5.6% against the previous year. Over the period under review, the exports attained the peak figure at 205M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, plugs and socket exports declined sharply to $14M in 2022. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, the exports reached the maximum at $18M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Plugs and Socket in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 4.3 | 4.6 | 4.1 | 5.1 | 5.9% |
| Togo | 1.0 | 1.6 | 2.2 | 1.4 | 11.9% |
| Mali | 1.6 | 1.1 | 1.6 | 1.2 | -9.1% |
| Cote d'Ivoire | 0.5 | 1.0 | 1.0 | 0.9 | 21.6% |
| Mauritania | 0.4 | 0.2 | 0.4 | 0.6 | 14.5% |
| Burkina Faso | 0.9 | 1.4 | 2.1 | 0.6 | -12.6% |
| France | 6.1 | 0.7 | 0.7 | 0.5 | -56.6% |
| Cameroon | 1.4 | 1.4 | 1.8 | 0.5 | -29.1% |
| Others | 2.2 | 2.9 | 3.4 | 3.0 | 10.9% |
| Total | 18.5 | 14.9 | 17.3 | 13.9 | -9.1% |
Top Export Markets for Plugs and Socket from Morocco in 2022:
- Senegal (67.9M units)
- Togo (18.6M units)
- Mali (14.2M units)
- Cameroon (8.7M units)
- Burkina Faso (8.3M units)
- Cote d'Ivoire (8.2M units)
- Mauritania (7.7M units)
- France (3.1M units)
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