Morocco - Electric Radiators And Convection Heaters - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Morocco - Electric Radiators And Convection Heaters - Market Analysis, Forecast, Size, Trends And Insights

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Electric Radiator Price in Morocco - 2022

Contents:

  1. Electric Radiator Price in Morocco (CIF) - 2022
  2. Electric Radiator Price in Morocco (FOB) - 2022
  3. Electric Radiator Imports in Morocco
  4. Electric Radiator Exports in Morocco

Electric Radiator Price in Morocco (CIF) - 2022

The average electric radiator import price stood at $36 per unit in 2022, waning by -41.7% against the previous year. Overall, the import price, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 134%. As a result, import price reached the peak level of $62 per unit, and then shrank dramatically in the following year.

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 France ($50 per unit), while the price for Spain ($30 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Electric Radiator Price in Morocco (FOB) - 2022

The average electric radiator export price stood at $56 per unit in 2022, reducing by -17.5% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 136% against the previous year. The export price peaked at $523 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($207 per unit), while the average price for exports to Bulgaria ($56 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 Libya (+22.7%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Radiator Imports in Morocco

In 2022, the amount of electric radiators and convection heaters imported into Morocco reduced sharply to 78K units, waning by -32.3% on 2021. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of 115K units, and then contracted markedly in the following year.

In value terms, electric radiator imports declined markedly to $2.8M in 2022. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 176% against the previous year. As a result, imports reached the peak of $7.1M, and then reduced rapidly in the following year.

Import of Electric Radiator in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey2632008161,22767.1%
China3,2911,6855,5921,060-31.5%
Spain245328305167-12.0%
France18911863.859.9-31.8%
Germany80.449.030.746.6-16.6%
Others382179253224-16.3%
Total4,4512,5597,0612,784-14.5%

Top Suppliers of Electric Radiator to Morocco in 2022:

  1. Turkey (36.5K units)
  2. China (29.3K units)
  3. Spain (5.6K units)
  4. Germany (1.5K units)
  5. France (1.2K units)

Electric Radiator Exports in Morocco

Electric radiator exports from Morocco surged to 666 units in 2022, growing by 21% on 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 55% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, electric radiator exports dropped slightly to $38K in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 39%. Over the period under review, the exports attained the peak figure at $38K in 2021, and then dropped slightly in the following year.

Export of Electric Radiator in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bulgaria10.1N/AN/A25.035.3%
MauritaniaN/A2.010.37.796.2%
LibyaN/A25.15.24.2-59.1%
FranceN/A3.76.50.2-76.8%
Cote d'IvoireN/AN/A1.50.2-86.7%
ChinaN/AN/A10.0N/A0%
Oman7.2N/AN/AN/A0%
ItalyN/AN/A3.5N/A0%
Madagascar5.4N/AN/AN/A0%
Others0.10.80.70.226.0%
Total22.731.737.737.618.3%

Top Export Markets for Electric Radiator from Morocco in 2022:

  1. Bulgaria (443.0 units)
  2. Mauritania (136.0 units)
  3. Libya (75.0 units)
  4. Cote d'Ivoire (4.0 units)
  5. France (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electric radiator 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 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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