Morocco - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPower Tool Price in Morocco - 2022
Contents:
- Power Tool Price in Morocco (CIF) - 2022
- Power Tool Price in Morocco (FOB) - 2022
- Power Tool Imports in Morocco
- Power Tool Exports in Morocco
Power Tool Price in Morocco (CIF) - 2022
In December 2022, the average power tool import price amounted to $81.9 per unit, approximately equating the previous month. In general, import price indicated a remarkable increase from December 2021 to December 2022: its price increased at an average monthly rate of +7.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, power tool import price decreased by -0.1% against October 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 147% against the previous month. Over the period under review, average import prices reached the peak figure at $82.5 per unit in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from France ($82.3 per unit) and China ($81.9 per unit), while the price for Malaysia ($80.8 per unit) and Spain ($81.1 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 China (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Power Tool Price in Morocco (FOB) - 2022
The average power tool export price stood at $89 per unit in 2022, which is down by -19% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 88%. The export price peaked at $112 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($129 per unit), while the average price for exports to Cote d'Ivoire ($58 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 Mauritania (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Power Tool Imports in Morocco
After three years of growth, overseas purchases of power tools decreased by -43.8% to 300K units in 2022. Over the period under review, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 76% against the previous year. As a result, imports reached the peak of 534K units, and then contracted rapidly in the following year.
In value terms, power tool imports contracted dramatically to $15M in 2022. Overall, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 69%. As a result, imports reached the peak of $21M, and then shrank markedly in the following year.
| Import of Power Tool in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.5 | 7.3 | 13.5 | 9.7 | 14.3% |
| Germany | 0.9 | 1.0 | 1.0 | 1.1 | 6.9% |
| Malaysia | 0.7 | 0.1 | 0.7 | 0.9 | 8.7% |
| France | 0.7 | 0.7 | 0.6 | 0.7 | 0.0% |
| Austria | 0.5 | 0.3 | 0.5 | 0.5 | 0.0% |
| Spain | 0.4 | 0.3 | 0.5 | 0.4 | 0.0% |
| United Arab Emirates | 1.1 | 1.6 | 2.5 | N/A | 50.8% |
| Others | 2.1 | 1.2 | 1.7 | 1.4 | -12.6% |
| Total | 13.0 | 12.5 | 21.1 | 14.8 | 4.4% |
Top Suppliers of Power Tool to Morocco in 2022:
- United Arab Emirates (undefinedK units)
- China (233.2K units)
- Malaysia (20.0K units)
- Germany (11.8K units)
- France (8.9K units)
- Spain (4.8K units)
- Austria (4.6K units)
Power Tool Exports in Morocco
In 2022, the amount of power tools exported from Morocco fell to 2.6K units, with a decrease of -8.8% on 2021. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 138%. The exports peaked at 3.3K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, power tool exports reduced sharply to $236K in 2022. Overall, exports faced a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 134%. Over the period under review, the exports hit record highs at $343K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Power Tool in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | 12.3 | 6.5 | 31.3 | 59.3 | 68.9% |
| Australia | N/A | N/A | N/A | 39.5 | 0% |
| Benin | N/A | 18.0 | 86.2 | 31.1 | 31.4% |
| France | 18.6 | 2.3 | 53.0 | 20.5 | 3.3% |
| Spain | 49.1 | 25.0 | 30.7 | 16.4 | -30.6% |
| Senegal | 4.8 | 21.0 | 15.0 | 12.4 | 37.2% |
| Niger | 0.1 | 0.5 | N/A | 11.0 | 379.1% |
| Cote d'Ivoire | 14.1 | 6.6 | 33.9 | 8.0 | -17.2% |
| Cameroon | N/A | 22.2 | 11.4 | 4.2 | -56.5% |
| Mali | 46.8 | 5.6 | N/A | 0.5 | -78.0% |
| Portugal | 37.4 | N/A | 3.0 | 0.1 | -86.1% |
| Nigeria | 46.0 | N/A | N/A | N/A | 0% |
| Madagascar | 35.0 | N/A | N/A | N/A | 0% |
| Others | 78.7 | 28.7 | 55.6 | 33.4 | -24.9% |
| Total | 343 | 137 | 320 | 236 | -11.7% |
Top Export Markets for Power Tool from Morocco in 2022:
- Mauritania (639.0 units)
- Australia (543.0 units)
- France (280.0 units)
- Benin (241.0 units)
- Spain (201.0 units)
- Senegal (181.0 units)
- Niger (148.0 units)
- Cote d'Ivoire (138.0 units)
- Cameroon (57.0 units)
- Mali (7.0 units)
- Portugal (1.0 units)
This report provides an in-depth analysis of the power tool 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 28241113 - Electromechanical hand drills operated without an external source of power
- Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
- Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
- Prodcom 28241120 - Electromechanical hand tools operated without an external source of power (excluding drills, saws )
- Prodcom 28241123 - Electromechanical chainsaws
- Prodcom 28241125 - Electromechanical circular saws
- Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
- Prodcom 28241133 -
- Prodcom 28241135 -
- Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
- Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
- Prodcom 28241185 - Electromechanical hand tools, with self-contained electric motor operating with an external source of power (excluding saws, drills, grinders, sanders, planers, hedge trimmers and lawn edge cutters)
- Prodcom 28241190 -
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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