Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Morocco - 2023
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Morocco (CIF) - 2023
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Morocco (FOB) - 2023
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Morocco
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Morocco
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Morocco (CIF) - 2023
In June 2023, the average import price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $26.1 per unit, increasing by 68% against the previous month. Over the period under review, the import price enjoyed a modest expansion. The pace of growth was the most pronounced in July 2022 when the average import price increased by 83% m-o-m. The import price peaked at $43.7 per unit in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($162 per unit), while the price for the Netherlands ($6.8 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Morocco (FOB) - 2023
In June 2023, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $60.7 per unit, with an increase of 22% against the previous month. Over the period under review, the export price saw a perceptible increase. The growth pace was the most rapid in September 2022 an increase of 259% against the previous month. Over the period under review, the average export prices reached the maximum at $106 per unit in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was France ($87.5 per unit), while the average price for exports to the United Arab Emirates ($6.2 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+12.9%), while the prices for the other major destinations experienced a decline.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Morocco
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture imported into Morocco fell slightly to 420K units, with a decrease of -3.6% on the previous year. In general, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2021 with an increase of 33%. Over the period under review, imports of hit record highs at 486K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture fell slightly to $12M in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 51%. Imports peaked at $15M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.3 | 1.3 | 2.4 | 3.4 | 13.9% |
| Spain | 4.3 | 1.2 | 1.1 | 1.8 | -25.2% |
| Turkey | 2.7 | 2.0 | 2.3 | 1.7 | -14.3% |
| China | 1.0 | 1.2 | 1.8 | 1.6 | 17.0% |
| France | 3.6 | 1.3 | 1.0 | 1.2 | -30.7% |
| South Korea | 0.1 | 0.2 | 0.4 | 0.5 | 71.0% |
| Germany | 0.4 | 0.1 | 0.1 | 0.3 | -9.1% |
| Others | 0.9 | 1.4 | 3.7 | 1.7 | 23.6% |
| Total | 15.2 | 8.5 | 12.9 | 12.2 | -7.1% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Morocco in 2022:
- Italy (127.6K units)
- Turkey (73.3K units)
- China (59.2K units)
- France (47.7K units)
- Spain (44.7K units)
- Germany (21.6K units)
- South Korea (9.5K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Morocco
In 2022, shipments abroad of refrigerating or freezing equipment; parts thereof, other than furniture increased by 24% to 19K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt descent. Over the period under review, the exports of hit record highs at 33K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture skyrocketed to $899K in 2022. Overall, exports, however, recorded a drastic downturn. Over the period under review, the exports of hit record highs at $1.4M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 624 | 263 | 382 | 342 | -18.2% |
| Senegal | 343 | 293 | 217 | 174 | -20.2% |
| Mauritania | 251 | 21.6 | 59.5 | 139 | -17.9% |
| France | N/A | N/A | 31.2 | 132 | 323.1% |
| Madagascar | 7.2 | N/A | N/A | 102 | 142.0% |
| Spain | 52.4 | 0.6 | 3.1 | N/A | -75.7% |
| Others | 130 | 117 | 31.3 | 10.1 | -57.3% |
| Total | 1,408 | 695 | 724 | 899 | -13.9% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Morocco in 2022:
- Algeria (7.2K units)
- Senegal (5.8K units)
- Mauritania (2.7K units)
- Madagascar (1.9K units)
- France (1.5K units)
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