Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Morocco - 2022

Contents:

1. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Morocco (CIF) - 2022
2. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Morocco (FOB) - 2022
3. Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Morocco
4. Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Morocco

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Morocco (CIF) - 2022

In 2022, the average import price for drawing, marking-out or mathematical calculating instrumentses amounted to $4.8 per unit, which is down by -20.9% against the previous year. In general, the import price, however, saw a moderate increase. The pace of growth appeared the most rapid in 2015 an increase of 72% against the previous year. Over the period under review, average import prices hit record highs at $7.2 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Turkey ($9.8 per unit), while the price for China ($4.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Morocco (FOB) - 2022

In 2022, the average export price for drawing, marking-out or mathematical calculating instrumentses amounted to $8.9 per unit, shrinking by -15.1% against the previous year. Overall, the export price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 54%. Over the period under review, the average export prices attained the maximum at $10 per unit in 2021, and then shrank notably in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($8.8 per unit) and Senegal ($8.7 per unit), while the average price for exports to France ($6.3 per unit) and Poland ($7.7 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Morocco

In 2022, purchases abroad of drawing, marking-out or mathematical calculating instrumentses increased by 86% to 692K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt curtailment. Over the period under review, imports of hit record highs at 865K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of drawing, marking-out or mathematical calculating instrumentses surged to $3.3M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Morocco in 2022:

1. China (667.4K units)
2. Turkey (14.3K units)

Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Morocco

Exports of drawing, marking-out or mathematical calculating instrumentses from Morocco skyrocketed to 36K units in 2022, increasing by 3,700% against the previous year. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of drawing, marking-out or mathematical calculating instrumentses surged to $318K in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Morocco in 2022:

1. United Kingdom (34.9K units)

Source: IndexBox Market Intelligence Platform