Morocco - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinding Wire Price in Morocco - 2022
Contents:
- Winding Wire Price in Morocco (CIF) - 2022
- Winding Wire Price in Morocco (FOB) - 2022
- Winding Wire Imports in Morocco
- Winding Wire Exports in Morocco
Winding Wire Price in Morocco (CIF) - 2022
The average winding wire import price stood at $11,242 per ton in December 2022, surging by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 19% against the previous month. Over the period under review, average import prices attained the peak figure at $12,117 per ton in February 2022; however, from March 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($19,084 per ton), while the price for France ($5,414 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Winding Wire Price in Morocco (FOB) - 2022
The average winding wire export price stood at $6,967 per ton in 2022, dropping by -21% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 131% against the previous year. As a result, the export price reached the peak level of $16,271 per ton. From 2019 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 Burkina Faso ($29,956 per ton), while the average price for exports to Mauritania ($4,609 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 Burkina Faso (+24.2%), while the prices for the other major destinations experienced mixed trend patterns.
Winding Wire Imports in Morocco
In 2022, approx. 1.7K tons of winding wire for electrical purposes were imported into Morocco; picking up by 5% against 2021 figures. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, winding wire imports skyrocketed to $19M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 62%.
Import of Winding Wire in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 6.4 | 6.8 | 11.8 | 13.7 | 28.9% |
France | 7.6 | 0.4 | 1.2 | 1.4 | -43.1% |
Germany | 0.3 | 0.2 | 0.7 | 0.8 | 38.7% |
Turkey | 0.2 | 0.2 | 0.3 | 0.6 | 44.2% |
Greece | 0.4 | 0.6 | 0.5 | 0.6 | 14.5% |
Italy | 0.5 | 0.3 | 0.3 | 0.5 | 0.0% |
China | 1.2 | 0.4 | 0.3 | 0.4 | -30.7% |
Others | 2.7 | 0.9 | 1.0 | 0.8 | -33.3% |
Total | 19.4 | 9.8 | 15.9 | 18.9 | -0.9% |
Top Suppliers of Winding Wire to Morocco in 2022:
- Spain (1280.9 tons)
- France (133.8 tons)
- Germany (63.2 tons)
- Greece (60.6 tons)
- Turkey (45.8 tons)
- Italy (42.0 tons)
- China (31.0 tons)
Winding Wire Exports in Morocco
Winding wire exports from Morocco soared to 39 tons in 2022, increasing by 598% against the year before. Over the period under review, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, winding wire exports soared to $268K in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern.
Export of Winding Wire in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 2.0 | 2.9 | 4.4 | 124 | 295.8% |
Spain | 80.1 | 0.1 | N/A | 76.9 | -1.3% |
Burkina Faso | N/A | N/A | N/A | 42.5 | 0% |
Mauritania | N/A | N/A | 2.7 | 15.4 | 470.4% |
Germany | 111 | 13.4 | N/A | 4.4 | -65.9% |
Gabon | 59.7 | 0.6 | N/A | N/A | -99.0% |
United Arab Emirates | 20.1 | 24.6 | 33.8 | N/A | 29.7% |
Others | 0.8 | 3.4 | 7.7 | 5.5 | 90.1% |
Total | 274 | 45.1 | 48.6 | 268 | -0.7% |
Top Export Markets for Winding Wire from Morocco in 2022:
- France (24.8 tons)
- Spain (7.9 tons)
- Mauritania (3.3 tons)
- Burkina Faso (1.4 tons)
- Germany (0.7 tons)
This report provides an in-depth analysis of the winding wire market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27321100 - Winding wire for electrical purposes
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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