Morocco - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAccumulator Price in Morocco - 2022
Contents:
- Accumulator Price in Morocco (CIF) - 2022
- Accumulator Price in Morocco (FOB) - 2022
- Accumulator Imports in Morocco
- Accumulator Exports in Morocco
Accumulator Price in Morocco (CIF) - 2022
In 2022, the average accumulator import price amounted to $53 per unit, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($75 per unit), while the price for Mexico ($31 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Accumulator Price in Morocco (FOB) - 2022
In 2022, the average accumulator export price amounted to $60 per unit, rising by 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2017 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($83 per unit), while the average price for exports to Libya ($53 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 Lebanon (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.
Accumulator Imports in Morocco
Accumulator imports into Morocco declined notably to 1.6M units in 2022, dropping by -17.6% compared with the previous year's figure. Overall, imports showed a pronounced contraction. The growth pace was the most rapid in 2021 when imports increased by 7.9% against the previous year. As a result, imports reached the peak of 1.9M units, and then fell significantly in the following year.
In value terms, accumulator imports contracted slightly to $84M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 8.1% against the previous year. As a result, imports reached the peak of $87M, and then dropped modestly in the following year.
Import of Accumulator in Morocco (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 36.8 | 39.1 | 33.8 | 29.9 | -6.7% |
China | 15.3 | 11.3 | 16.1 | 21.6 | 12.2% |
Turkey | 2.7 | 4.9 | 8.8 | 7.1 | 38.0% |
France | 2.9 | 4.5 | 6.1 | 6.8 | 32.9% |
Italy | 2.0 | 1.5 | 3.2 | 3.1 | 15.7% |
Germany | 2.0 | 4.7 | 3.1 | 2.9 | 13.2% |
United Kingdom | 0.9 | 1.9 | 3.5 | 2.3 | 36.7% |
Poland | 2.1 | 1.6 | 1.9 | 2.1 | 0.0% |
Mexico | N/A | N/A | 0.9 | 1.0 | 11.1% |
Czech Republic | 5.6 | 2.7 | 0.1 | 0.2 | -67.1% |
Others | 7.1 | 8.0 | 9.1 | 7.1 | 0.0% |
Total | 77.4 | 80.1 | 86.5 | 84.1 | 2.8% |
Top Suppliers of Accumulator to Morocco in 2022:
- Spain (525.0K units)
- China (446.6K units)
- Turkey (128.3K units)
- France (127.6K units)
- United Kingdom (70.0K units)
- Italy (56.6K units)
- Germany (49.4K units)
- Mexico (31.6K units)
- Poland (28.5K units)
- Czech Republic (2.9K units)
Accumulator Exports in Morocco
In 2022, accumulator exports from Morocco surged to 320K units, growing by 18% against the previous year. The total export volume increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, accumulator exports surged to $19M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.0% 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 increased by +81.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
Export of Accumulator in Morocco (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 3.5 | 3.0 | 1.9 | 3.6 | 0.9% |
Germany | N/A | 0.1 | 2.9 | 3.3 | 474.5% |
Mauritania | 2.2 | 3.0 | 2.5 | 2.9 | 9.6% |
France | 1.0 | 2.6 | 1.2 | 2.9 | 42.6% |
Jordan | 1.0 | 0.9 | 0.8 | 1.5 | 14.5% |
Lebanon | 1.4 | 1.0 | 1.4 | 0.9 | -13.7% |
Cote d'Ivoire | 0.3 | 0.3 | 0.4 | 0.9 | 44.2% |
Libya | N/A | 0.2 | 0.2 | 0.3 | 22.5% |
Oman | N/A | 1.2 | 1.5 | N/A | 25.0% |
Others | 1.1 | 1.4 | 2.7 | 2.9 | 38.1% |
Total | 10.5 | 13.9 | 15.6 | 19.1 | 22.1% |
Top Export Markets for Accumulator from Morocco in 2022:
- Spain (60.4K units)
- Mauritania (54.4K units)
- France (54.4K units)
- Germany (39.4K units)
- Jordan (27.4K units)
- Lebanon (16.8K units)
- Cote d'Ivoire (16.4K units)
- Libya (5.5K units)
This report provides an in-depth analysis of the accumulator 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 27202100 - Lead-acid accumulators for starting piston engines
- Prodcom 27202210 -
- Prodcom 27202250 -
- Prodcom 27202300 - Nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer, nickel-iron and other electric accumulators
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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