Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Morocco - 2023
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Morocco (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Morocco (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Morocco
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Morocco
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Morocco (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.1 per unit, reducing by -4% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment increased by +23.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 85%. Over the period under review, average import prices hit record highs at $0.2 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($0.1 per unit), while the price for Portugal ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Morocco (FOB) - 2022
In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.2 per unit, rising by 1.6% against the previous year. Over the period under review, the export price, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs at $0.3 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($0.5 per unit), while the average price for exports to Germany (less than $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 the United States (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Morocco
For the third year in a row, Morocco recorded decline in purchases abroad of electrical circuit prefabricated elements, connectors, contact elements and other equipment, which decreased by -0.9% to 3.9B units in 2022. Over the period under review, imports recorded a deep slump. Over the period under review, imports of attained the peak figure at 5.6B units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment reduced to $434M in 2022. Overall, imports showed a deep setback. The smallest decline of -4.5% was in 2021. Imports peaked at $513M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 352 | 327 | 292 | 231 | -13.1% |
| France | 93.1 | 79.6 | 55.3 | 57.6 | -14.8% |
| Germany | 18.4 | 17.1 | 22.3 | 30.1 | 17.8% |
| China | 8.6 | 11.5 | 22.5 | 28.8 | 49.6% |
| Czech Republic | 2.6 | 2.0 | 6.0 | 14.0 | 75.3% |
| Italy | 4.6 | 6.8 | 11.3 | 12.8 | 40.7% |
| United States | 9.2 | 5.8 | 8.9 | 10.1 | 3.2% |
| Japan | 0.3 | 2.6 | 4.7 | 8.0 | 198.8% |
| South Korea | 0.6 | 0.4 | 3.7 | 5.5 | 109.3% |
| Portugal | 2.6 | 3.7 | 3.4 | 4.3 | 18.3% |
| Others | 20.6 | 20.6 | 25.2 | 31.5 | 15.2% |
| Total | 513 | 477 | 456 | 434 | -5.4% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Morocco in 2022:
- Spain (1558.2M units)
- China (503.1M units)
- France (469.6M units)
- Germany (299.7M units)
- Italy (208.4M units)
- Czech Republic (150.5M units)
- South Korea (91.9M units)
- Japan (86.9M units)
- Portugal (86.4M units)
- United States (69.2M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Morocco
In 2022, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment from Morocco contracted to 1.9B units, declining by -9.8% on the previous year's figure. In general, exports recorded a abrupt shrinkage. The smallest decline of -7.7% was in 2021. The exports peaked at 2.8B units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment reduced to $358M in 2022. Over the period under review, exports saw a deep reduction. The smallest decline of -5.4% was in 2020. Over the period under review, the exports of reached the peak figure at $489M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 328 | 345 | 250 | 181 | -18.0% |
| France | 149 | 101 | 117 | 130 | -4.4% |
| Mexico | N/A | N/A | 1.1 | 5.7 | 418.2% |
| Others | 11.1 | 16.7 | 22.0 | 40.8 | 54.3% |
| Total | 489 | 463 | 390 | 358 | -9.9% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Morocco in 2022:
- Spain (1318.0M units)
- France (326.5M units)
- Mexico (38.3M units)
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