Price for Electric Motors; of an Output Not Exceeding 37.5W in Morocco - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Morocco (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Morocco (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Morocco
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Morocco
Price for Electric Motors; of an Output Not Exceeding 37.5W in Morocco (CIF) - 2022
The average import price for electric motors stood at $5.2 per unit in 2022, reducing by -3.4% against the previous year. Over the period under review, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 2.2%. As a result, import price reached the peak level of $7.2 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($22 per unit), while the price for Italy ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Morocco (FOB) - 2022
In 2022, the average export price for electric motors amounted to $27 per unit, approximately equating the previous year. In general, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 124%. As a result, the export price reached the peak level of $72 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
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 Belgium ($330 per unit), while the average price for exports to France ($8.8 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 Algeria (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Morocco
For the fourth year in a row, Morocco recorded growth in purchases abroad of electric motors, which increased by 47% to 3.8M units in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 156% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of electric motors soared to $20M in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 115% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 2.8 | 5.9 | 7.1 | 43.6% |
| Italy | 1.2 | 0.9 | 3.5 | 3.7 | 45.5% |
| Thailand | N/A | 0.1 | 0.4 | 2.5 | 400.0% |
| Spain | 0.5 | 0.9 | 0.5 | 1.0 | 26.0% |
| Germany | 0.2 | 0.3 | 0.7 | 0.7 | 51.8% |
| Turkey | 0.5 | 0.1 | 0.2 | 0.5 | 0.0% |
| Others | 1.0 | 1.4 | 2.6 | 4.2 | 61.3% |
| Total | 5.8 | 6.5 | 13.9 | 19.7 | 50.3% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Morocco in 2022:
- Italy (1835.6K units)
- China (1215.9K units)
- Spain (293.1K units)
- Turkey (121.0K units)
- Thailand (114.7K units)
- Germany (64.7K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Morocco
In 2022, the amount of electric motors exported from Morocco surged to 2.3K units, picking up by 59% against the year before. In general, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 769%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of electric motors surged to $63K in 2022. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 960% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.4 | N/A | 3.1 | 23.9 | 290.9% |
| Algeria | N/A | N/A | N/A | 9.4 | 0% |
| Cote d'Ivoire | N/A | 0.9 | 1.6 | 9.3 | 221.5% |
| France | N/A | 0.3 | 6.6 | 8.2 | 422.8% |
| Italy | 0.4 | 3.8 | 0.1 | 1.4 | 51.8% |
| Switzerland | N/A | N/A | 12.4 | 0.2 | -98.4% |
| Djibouti | N/A | 14.2 | N/A | 0.1 | -91.6% |
| Gabon | 0.7 | N/A | 1.0 | N/A | 19.5% |
| Others | 0.9 | 5.9 | 15.1 | 10.1 | 123.9% |
| Total | 2.4 | 25.1 | 39.8 | 62.6 | 196.6% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Morocco in 2022:
- Germany (1060.0 units)
- France (934.0 units)
- Italy (153.0 units)
- Cote d'Ivoire (95.0 units)
- Algeria (39.0 units)
- Switzerland (3.0 units)
- Djibouti (1.0 units)
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