Price for Electrical Push-Button and Rotary Switch in Morocco - 2023
Contents:
- Price for Electrical Push-Button and Rotary Switch in Morocco (CIF) - 2023
- Price for Electrical Push-Button and Rotary Switch in Morocco (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Morocco
- Exports of Electrical Push-Button and Rotary Switch in Morocco
Price for Electrical Push-Button and Rotary Switch in Morocco (CIF) - 2023
The average import price for electrical push-button and rotary switches for under 1000 v stood at $1.7 per unit in June 2023, picking up by 25% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 58% month-to-month. As a result, import price attained the peak level of $1.9 per unit. From January 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6.4 per unit), while the price for Egypt ($706 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Morocco (FOB) - 2022
The average export price for electrical push-button and rotary switches for under 1000 v stood at $0.5 per unit in 2022, dropping by -18.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 18% against the previous year. The export price peaked at $0.6 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($0.5 per unit), while the average price for exports to Burkina Faso ($0.2 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 Senegal (+0.1%), while the prices for the other major destinations experienced a decline.
Imports of Electrical Push-Button and Rotary Switch in Morocco
In 2022, approx. 17M units of electrical push-button and rotary switches for under 1000 v were imported into Morocco; picking up by 23% on 2021 figures. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, electrical push-button and rotary switch imports expanded remarkably to $23M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Electrical Push-Button and Rotary Switch in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.6 | 3.1 | 4.0 | 5.0 | 11.6% |
| China | 2.8 | 1.9 | 3.2 | 4.2 | 14.5% |
| Japan | 1.8 | 2.4 | 2.7 | 2.3 | 8.5% |
| Spain | 2.0 | 1.7 | 1.9 | 2.2 | 3.2% |
| Germany | 1.9 | 1.5 | 1.6 | 2.0 | 1.7% |
| Italy | 1.2 | 1.0 | 1.2 | 1.1 | -2.9% |
| Turkey | 0.9 | 0.7 | 1.2 | 0.9 | 0.0% |
| Poland | 0.8 | 0.6 | 1.2 | 0.8 | 0.0% |
| Egypt | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Tunisia | 1.3 | 0.6 | 0.3 | 0.3 | -38.7% |
| Others | 3.8 | 3.0 | 2.7 | 3.7 | -0.9% |
| Total | 20.6 | 16.9 | 20.4 | 22.8 | 3.4% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Morocco in 2022:
- China (6.7M units)
- France (4.2M units)
- Spain (1.5M units)
- Turkey (1.2M units)
- Italy (0.7M units)
- Poland (0.6M units)
- Japan (0.4M units)
- Egypt (0.3M units)
- Germany (0.3M units)
- Tunisia (0.2M units)
Exports of Electrical Push-Button and Rotary Switch in Morocco
In 2022, approx. 23M units of electrical push-button and rotary switches for under 1000 v were exported from Morocco; which is down by -8.3% compared with 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 25%. As a result, the exports attained the peak of 26M units, and then contracted in the following year.
In value terms, electrical push-button and rotary switch exports fell sharply to $11M in 2022. Over the period under review, exports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 25%. As a result, the exports attained the peak of $15M, and then reduced rapidly in the following year.
| Export of Electrical Push-Button and Rotary Switch in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.6 | 4.8 | 5.9 | 4.7 | -5.7% |
| Senegal | 0.4 | 0.5 | 1.4 | 0.8 | 26.0% |
| Cote d'Ivoire | 0.4 | 0.5 | 0.9 | 0.7 | 20.5% |
| Burkina Faso | N/A | 0.6 | 0.1 | 0.6 | 0.0% |
| Mauritania | 3.7 | 2.2 | 0.3 | 0.4 | -52.4% |
| Mali | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Togo | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| Others | 1.6 | 3.0 | 6.0 | 3.5 | 29.8% |
| Total | 12.6 | 12.2 | 15.2 | 11.4 | -3.3% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Morocco in 2022:
- France (9.5M units)
- Burkina Faso (2.5M units)
- Senegal (2.4M units)
- Cote d'Ivoire (1.6M units)
- Mauritania (1.5M units)
- Togo (1.5M units)
- Mali (1.3M units)
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