Cranes; Tower Cranes Price in Morocco - 2022
Contents:
- Cranes; Tower Cranes Price in Morocco (CIF) - 2022
- Cranes; Tower Cranes Price in Morocco (FOB) - 2022
- Cranes; Tower Cranes Imports in Morocco
- Cranes; Tower Cranes Exports in Morocco
Cranes; Tower Cranes Price in Morocco (CIF) - 2022
The average cranes; tower cranes import price stood at $95,566 per unit in December 2022, remaining relatively unchanged against the previous month. Overall, import price indicated a prominent increase from December 2021 to December 2022: its price increased at an average monthly rate of +8.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, cranes; tower cranes import price decreased by +0.0% against October 2022 indices. The growth pace was the most rapid in January 2022 an increase of 158% m-o-m. Over the period under review, average import prices reached the peak figure at $95,573 per unit in November 2022, and then reduced slightly in the following month.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Spain ($95,571 per unit), while the price for France totaled $95,564 per unit.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Cranes; Tower Cranes Price in Morocco (FOB) - 2022
In 2022, the average cranes; tower cranes export price amounted to $17,438 per unit, growing by 40% against the previous year. Over the period under review, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 123% against the previous year. Over the period under review, the average export prices reached the maximum at $52,129 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Senegal.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +189.6% per year.
Cranes; Tower Cranes Imports in Morocco
In 2022, the amount of cranes; tower craneses imported into Morocco dropped to 149 units, waning by -14.9% on the year before. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 154%. As a result, imports reached the peak of 175 units, and then dropped in the following year.
In value terms, cranes; tower cranes imports dropped dramatically to $9.6M in 2022. In general, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +4.2% 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 +34.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 68%. As a result, imports reached the peak of $12M, and then reduced dramatically in the following year.
| Import of Cranes; Tower Cranes in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.3 | 4.6 | 6.5 | 5.0 | 5.2% |
| France | 2.6 | 1.2 | 5.1 | 4.0 | 15.4% |
| China | 0.7 | 0.8 | N/A | 0.4 | -17.0% |
| Italy | 0.3 | 0.4 | 0.2 | 0.2 | -12.6% |
| Others | 0.5 | N/A | 0.2 | N/A | -36.8% |
| Total | 8.5 | 7.1 | 12.0 | 9.6 | 4.1% |
Top Suppliers of Cranes; Tower Cranes to Morocco in 2022:
- Spain (83.0 units)
- France (59.0 units)
- Italy (3.0 units)
- China (3.0 units)
Cranes; Tower Cranes Exports in Morocco
In 2022, shipments abroad of cranes; tower craneses decreased by -42.5% to 42 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 354%. Over the period under review, the exports reached the maximum at 73 units in 2021, and then dropped significantly in the following year.
In value terms, cranes; tower cranes exports dropped dramatically to $732K in 2022. Overall, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. As a result, the exports reached the peak of $911K, and then fell remarkably in the following year.
| Export of Cranes; Tower Cranes in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 29.1 | 105 | 100 | 732 | 193.0% |
| Benin | N/A | 280 | 530 | N/A | 89.3% |
| Cote d'Ivoire | N/A | 81.9 | 8.3 | N/A | -89.9% |
| Cameroon | N/A | 48.7 | N/A | N/A | 0% |
| United States | 379 | N/A | N/A | N/A | 0% |
| Guinea | N/A | 37.9 | N/A | N/A | 0% |
| Angola | N/A | N/A | 201 | N/A | 0% |
| Mauritania | 24.7 | N/A | 11.0 | N/A | -33.3% |
| Others | N/A | N/A | 60.9 | N/A | 0% |
| Total | 433 | 554 | 911 | 732 | 19.1% |
Top Export Markets for Cranes; Tower Cranes from Morocco in 2022:
- Senegal (42.0 units)
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