Price for Electrical Fuses for Under 1000 V in Morocco - 2023
Contents:
- Price for Electrical Fuses for Under 1000 V in Morocco (FOB) - 2022
- Price for Electrical Fuses for Under 1000 V in Morocco (CIF) - 2022
- Exports of Electrical Fuses for Under 1000 V in Morocco
- Imports of Electrical Fuses for Under 1000 V in Morocco
Price for Electrical Fuses for Under 1000 V in Morocco (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to $24 per thousand units, growing by 11% against the previous year. Over the period under review, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2015 an increase of 61% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($97 per thousand units), while the average price for exports to Spain ($22 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Morocco (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $16 per thousand units, falling by -24.3% against the previous year. Over the period under review, the import price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 46% against the previous year. Over the period under review, average import prices reached the peak figure at $24 per thousand units in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($58 per thousand units), while the price for China ($10 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Electrical Fuses for Under 1000 V in Morocco
In 2022, exports of electrical fuses for under 1000 v from Morocco fell to 290M units, waning by -7% on the year before. Over the period under review, exports recorded a mild downturn. The growth pace was the most rapid in 2021 when exports increased by 32%. As a result, the exports reached the peak of 312M units, and then reduced in the following year.
In value terms, exports of electrical fuses for under 1000 v amounted to $6.8M in 2022. In general, total exports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Electrical Fuses for Under 1000 V in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.7 | 3.8 | 5.4 | 6.0 | 8.5% |
| Mauritania | N/A | 0.2 | 1.1 | 0.5 | 58.1% |
| Italy | 0.5 | N/A | N/A | 0.2 | -26.3% |
| Others | 1.0 | 0.3 | 0.2 | 0.2 | -41.5% |
| Total | 6.3 | 4.2 | 6.6 | 6.8 | 2.6% |
Top Export Markets for Electrical Fuses for Under 1000 V from Morocco in 2022:
- Spain (275.3M units)
- Mauritania (4.8M units)
- Italy (4.8M units)
Imports of Electrical Fuses for Under 1000 V in Morocco
For the third consecutive year, Morocco recorded decline in supplies from abroad of electrical fuses for under 1000 v, which decreased by -40.7% to 136M units in 2022. Over the period under review, imports recorded a sharp decline. The smallest decline of -23.1% was in 2021. Imports peaked at 444M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electrical fuses for under 1000 v contracted dramatically to $2.2M in 2022. In general, imports recorded a dramatic decline. The smallest decline of -25.3% was in 2021. Imports peaked at $11M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electrical Fuses for Under 1000 V in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 841 | 294 | 606 | 1,086 | 8.9% |
| France | 1,337 | 500 | 693 | 409 | -32.6% |
| Spain | 4,096 | 3,429 | 2,591 | 179 | -64.8% |
| Italy | 1,020 | 551 | 208 | 82.1 | -56.8% |
| Germany | 1,649 | 597 | 80.2 | 65.4 | -65.9% |
| Mexico | 782 | 675 | 391 | 29.5 | -66.5% |
| Others | 1,028 | 515 | 333 | 352 | -30.0% |
| Total | 10,752 | 6,561 | 4,902 | 2,203 | -41.0% |
Top Suppliers of Electrical Fuses for Under 1000 V to Morocco in 2022:
- China (107.2M units)
- Spain (11.9M units)
- France (9.9M units)
- Italy (1.6M units)
- Germany (0.9M units)
- Mexico (0.5M units)
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