Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Morocco - 2023
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Morocco (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Morocco (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Morocco
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Morocco
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Morocco (CIF) - 2022
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $60,247 per ton in 2022, with an increase of 26% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2017 when the average import price increased by 29% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($195,701 per ton), while the price for China ($20,504 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Morocco (FOB) - 2022
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $17,482 per ton in 2022, shrinking by -57.9% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 20%. Over the period under review, the average export prices hit record highs at $76,662 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($81,511 per ton), while the average price for exports to Ghana ($3,171 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Morocco
In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses imported into Morocco dropped dramatically to 1.6K tons, declining by -66.7% compared with 2021. Overall, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 20%.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses contracted sharply to $94M in 2022. Over the period under review, imports continue to indicate a dramatic setback. The smallest decline of less than 0.1% was in 2021.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 73.8 | 84.1 | 53.7 | 32.6 | -23.8% |
| Germany | 21.1 | 20.4 | 15.4 | 15.7 | -9.4% |
| Spain | 103 | 97.0 | 123 | 7.7 | -57.9% |
| Portugal | 4.0 | 3.5 | 3.6 | 5.5 | 11.2% |
| China | 2.2 | 2.3 | 4.5 | 4.4 | 26.0% |
| Italy | 9.1 | 2.6 | 6.0 | 3.8 | -25.3% |
| Turkey | 0.9 | 2.1 | 1.1 | 3.4 | 55.7% |
| South Korea | 2.9 | 1.2 | 1.1 | 1.7 | -16.3% |
| Others | 18.6 | 10.2 | 14.9 | 19.1 | 0.9% |
| Total | 236 | 223 | 223 | 93.9 | -26.4% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Morocco in 2022:
- Spain (351.9 tons)
- Germany (217.6 tons)
- China (215.1 tons)
- France (166.5 tons)
- Turkey (123.7 tons)
- Portugal (100.8 tons)
- Italy (75.1 tons)
- South Korea (51.7 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Morocco
In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses exported from Morocco skyrocketed to 197 tons, increasing by 340% compared with the previous year. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses soared to $3.4M in 2022. In general, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.8% against 2020 indices.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | N/A | N/A | N/A | 434 | 0% |
| Italy | 18.0 | 0.6 | 32.9 | 367 | 173.2% |
| France | 787 | 1,212 | 527 | 271 | -29.9% |
| Austria | 655 | 1,099 | 423 | 218 | -30.7% |
| Portugal | 36.9 | 4.4 | 82.2 | 190 | 72.7% |
| Mauritania | 0.9 | N/A | 1.1 | 139 | 436.5% |
| Turkey | 0.2 | 48.8 | 55.4 | 72.9 | 614.3% |
| Spain | 255 | 429 | 84.7 | 63.0 | -37.3% |
| South Africa | 122 | N/A | N/A | 36.7 | -33.0% |
| Others | 1,104 | 855 | 646 | 1,647 | 14.3% |
| Total | 2,979 | 3,649 | 1,853 | 3,438 | 4.9% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Morocco in 2022:
- Ghana (137.0 tons)
- Mauritania (11.4 tons)
- France (9.3 tons)
- Austria (8.1 tons)
- Turkey (4.6 tons)
- Italy (4.5 tons)
- Portugal (4.5 tons)
- Spain (2.3 tons)
- South Africa (2.1 tons)
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