Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Morocco - 2023

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Morocco (CIF) - 2023
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Morocco (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Morocco
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Morocco

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Morocco (CIF) - 2023

In June 2023, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $65,867 per unit, almost unchanged from the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 9.8% against the previous month. The import price peaked at $65,869 per unit in March 2023; afterwards, it flattened through to June 2023.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Italy ($65,874 per unit) and the United Arab Emirates ($65,870 per unit), while the price for Spain ($65,857 per unit) and Austria ($65,860 per unit) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Austria (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Morocco (FOB) - 2022

The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $58,465 per unit in 2022, rising by 24% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs increased by +82.8% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 51%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($118,880 per unit), while the average price for exports to Mauritania ($6,692 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 Arab Emirates (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Morocco

Imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs into Morocco skyrocketed to 417 units in 2022, increasing by 43% against the year before. Overall, imports showed a moderate expansion. The growth pace was the most rapid in 2021 when imports increased by 54%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs reached $46M in 2022. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +3.8% 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 +52.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Morocco in 2022:

1. Germany (201.0 units)
2. United States (78.0 units)
3. United Kingdom (67.0 units)
4. Austria (22.0 units)
5. Italy (20.0 units)
6. Japan (11.0 units)
7. United Arab Emirates (3.0 units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Morocco

For the fourth year in a row, Morocco recorded growth in shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs, which increased by 111% to 19 units in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs skyrocketed to $1.1M in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Morocco in 2022:

1. United Arab Emirates (4.0 units)
2. Saudi Arabia (3.0 units)
3. Zimbabwe (3.0 units)
4. Kuwait (3.0 units)
5. Mauritania (1.0 units)
6. Tunisia (1.0 units)
7. Oman (1.0 units)
8. United States (1.0 units)
9. Germany (1.0 units)
10. Belgium (1.0 units)

Source: IndexBox Market Intelligence Platform