Seals; Mechanical Price in Morocco - 2022
Contents:
- Seals; Mechanical Price in Morocco (CIF) - 2022
- Seals; Mechanical Price in Morocco (FOB) - 2022
- Seals; Mechanical Imports in Morocco
- Seals; Mechanical Exports in Morocco
Seals; Mechanical Price in Morocco (CIF) - 2022
In 2022, the average seals; mechanical import price amounted to $3.7 per unit, picking up by 53% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $4 per unit in 2014; however, from 2015 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 the Netherlands ($16 per unit), while the price for China ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Seals; Mechanical Price in Morocco (FOB) - 2022
In 2022, the average seals; mechanical export price amounted to $4.7 per unit, with an increase of 13% against the previous year. Over the period under review, the export price saw a measured expansion. The pace of growth appeared the most rapid in 2019 an increase of 425% against the previous year. As a result, the export price attained the peak level of $13 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($41 per unit), while the average price for exports to Senegal ($1.3 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 Guinea (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Seals; Mechanical Imports in Morocco
In 2022, seals; mechanical imports into Morocco dropped dramatically to 2.1M units, waning by -34.7% compared with the year before. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports reached the peak of 3.3M units, and then dropped notably in the following year.
In value terms, seals; mechanical imports declined slightly to $7.9M in 2022. In general, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2.5% against the previous year. Over the period under review, imports attained the maximum at $8.9M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Seals; Mechanical in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,736 | 1,592 | 1,336 | 1,552 | -3.7% |
| Netherlands | 1,245 | 1,321 | 940 | 1,033 | -6.0% |
| Germany | 1,438 | 1,136 | 1,059 | 1,006 | -11.2% |
| Italy | 281 | 399 | 764 | 760 | 39.3% |
| China | 665 | 684 | 404 | 684 | 0.9% |
| Czech Republic | 411 | 152 | 171 | 682 | 18.4% |
| United States | 446 | 450 | 245 | 384 | -4.9% |
| Spain | 1,342 | 299 | 1,412 | 319 | -38.1% |
| Turkey | 99.7 | 85.5 | 151 | 191 | 24.2% |
| South Korea | 180 | 211 | 41.9 | 161 | -3.7% |
| India | 73.7 | 21.1 | 24.8 | 157 | 28.7% |
| Taiwan (Chinese) | 50.2 | 48.0 | 60.1 | 105 | 27.9% |
| Others | 939 | 1,274 | 1,260 | 823 | -4.3% |
| Total | 8,907 | 7,672 | 7,867 | 7,856 | -4.1% |
Top Suppliers of Seals; Mechanical to Morocco in 2022:
- China (710.2K units)
- Germany (269.8K units)
- Spain (212.0K units)
- France (171.8K units)
- Turkey (146.3K units)
- United States (79.4K units)
- Italy (76.9K units)
- Taiwan (Chinese) (66.0K units)
- Czech Republic (65.3K units)
- Netherlands (64.6K units)
- India (60.1K units)
- South Korea (52.3K units)
Seals; Mechanical Exports in Morocco
In 2022, approx. 284K units of seals; mechanicals were exported from Morocco; growing by 48% compared with 2021 figures. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 230%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, seals; mechanical exports surged to $1.3M in 2022. In general, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 101% against the previous year. As a result, the exports reached the peak of $1.6M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Seals; Mechanical in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Gabon | 538 | 540 | 250 | 551 | 0.8% |
| Guinea | 125 | 0.2 | 12.1 | 193 | 15.6% |
| Congo | N/A | 351 | 170 | 159 | -32.7% |
| Mauritania | 0.5 | 26.5 | 51.1 | 148 | 566.4% |
| Senegal | 8.4 | 113 | 172 | 102 | 129.8% |
| Belgium | 0.1 | 1.9 | 0.6 | 24.9 | 529.1% |
| Mexico | N/A | 31.8 | N/A | N/A | 0% |
| Others | 140 | 565 | 136 | 151 | 2.6% |
| Total | 812 | 1,629 | 791 | 1,330 | 17.9% |
Top Export Markets for Seals; Mechanical from Morocco in 2022:
- Senegal (78.3K units)
- Mauritania (77.5K units)
- Guinea (59.3K units)
- Gabon (52.1K units)
- Belgium (7.5K units)
- Congo (3.8K units)
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