Morocco - Gear Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGear Box Price in Morocco - 2022
Contents:
- Gear Box Price in Morocco (CIF) - 2022
- Gear Box Price in Morocco (FOB) - 2022
- Gear Box Imports in Morocco
- Gear Box Exports in Morocco
Gear Box Price in Morocco (CIF) - 2022
The average gear box import price stood at $6.3 per unit in December 2022, therefore, remained relatively stable against the previous month. Over the period under review, the import price recorded a noticeable contraction. The pace of growth was the most pronounced in November 2022 an increase of 17% against the previous month. Over the period under review, average import prices attained the maximum at $8.0 per unit in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the countries with the highest prices were Turkey ($8.4 per unit) and France ($7.3 per unit), while the price for Spain ($6.0 per unit) and Portugal ($6.2 per unit) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.0%), while the prices for the other major suppliers experienced a decline.
Gear Box Price in Morocco (FOB) - 2022
In 2022, the average gear box export price amounted to $15 per unit, reducing by -20.5% against the previous year. Over the period under review, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2013 an increase of 333% against the previous year. The export price peaked at $23 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($20 per unit), while the average price for exports to Nigeria ($2.2 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 Syrian Arab Republic (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Gear Box Imports in Morocco
Gear box imports into Morocco skyrocketed to 14M units in 2022, increasing by 17% compared with 2021 figures. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, gear box imports expanded rapidly to $230M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +48.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Gear Box in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 32.4 | 11.1 | 92.6 | 100 | 45.6% |
| Portugal | 117 | 113 | 62.4 | 67.0 | -17.0% |
| France | 5.3 | 23.5 | 28.6 | 32.5 | 83.0% |
| Turkey | 0.2 | 3.6 | 14.5 | 16.1 | 331.8% |
| China | 0.8 | 0.2 | 3.8 | 7.6 | 111.8% |
| Others | 4.7 | 3.3 | 6.1 | 6.6 | 12.0% |
| Total | 160 | 155 | 208 | 230 | 12.9% |
Top Suppliers of Gear Box to Morocco in 2022:
- Spain (6.5M units)
- Portugal (4.3M units)
- France (1.4M units)
- Turkey (0.9M units)
- China (0.4M units)
Gear Box Exports in Morocco
In 2022, approx. 413K units of gear boxes were exported from Morocco; increasing by 25% compared with the previous year's figure. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year. As a result, the exports reached the peak of 430K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, gear box exports reduced to $6.1M in 2022. The total export value increased at an average annual rate of +4.0% over the period 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 2020 when exports increased by 43%. As a result, the exports reached the peak of $7.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Gear Box in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.4 | 7.6 | 6.0 | 6.0 | 10.9% |
| Nigeria | N/A | N/A | N/A | 0.1 | 0% |
| France | 1.0 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 5.4 | 7.8 | 6.2 | 6.1 | 4.1% |
Top Export Markets for Gear Box from Morocco in 2022:
- Spain (371.7K units)
- Nigeria (28.1K units)
- France (0.3K units)
This report provides an in-depth analysis of the gear box 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 29323033 - Gear boxes and their parts
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
-
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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