Morocco - Boards, Consoles, Etc. Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Morocco - Boards, Consoles, Etc. Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V - Market Analysis, Forecast, Size, Trends and Insights

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Price for Electrical Board and Console in Morocco - 2022

Contents:

  1. Price for Electrical Board and Console in Morocco (CIF) - 2022
  2. Price for Electrical Board and Console in Morocco (FOB) - 2022
  3. Imports of Electrical Board and Console in Morocco
  4. Exports of Electrical Board and Console in Morocco

Price for Electrical Board and Console in Morocco (CIF) - 2022

The average electrical board and console import price stood at $288 per unit in December 2022, growing by 28% against the previous month. Overall, import price indicated a tangible increase from December 2021 to December 2022: its price increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, electrical board and console import price increased by +43.1% against October 2022 indices. The most prominent rate of growth was recorded in July 2022 an increase of 65% month-to-month. The import price peaked at $374 per unit in August 2022; however, from September 2022 to December 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($453 per unit), while the price for Spain ($209 per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Board and Console in Morocco (FOB) - 2022

In December 2022, the average electrical board and console export price amounted to $46.6 per unit, dropping by -21.4% against the previous month. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in August 2022 an increase of 283% m-o-m. As a result, the export price attained the peak level of $214 per unit. From September 2022 to December 2022, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Luxembourg ($237 per unit), while the average price for exports to Cote d'Ivoire ($36.9 per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Board and Console in Morocco

Electrical board and console imports into Morocco shrank remarkably to 91K units in 2022, which is down by -53.1% on 2021. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 205% against the previous year. As a result, imports attained the peak of 195K units, and then dropped notably in the following year.

In value terms, electrical board and console imports declined dramatically to $22M in 2022. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 145% against the previous year. As a result, imports attained the peak of $33M, and then fell significantly in the following year.

Import of Electrical Board and Console in Morocco (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey6.11.64.05.7-2.2%
France1.82.416.54.737.7%
Germany4.81.53.14.5-2.1%
China9.21.63.73.8-25.5%
Spain1.32.51.61.79.4%
Czech RepublicN/AN/A0.40.525.0%
Senegal0.3N/AN/AN/A0%
DenmarkN/A2.7N/AN/A0%
Others2.51.03.60.7-34.6%
Total26.013.432.821.7-5.8%

Top Suppliers of Electrical Board and Console to Morocco in 2022:

  1. Turkey (35.0K units)
  2. France (20.3K units)
  3. China (11.6K units)
  4. Germany (11.3K units)
  5. Spain (9.3K units)
  6. Czech Republic (1.9K units)

Exports of Electrical Board and Console in Morocco

In 2022, the amount of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding 1000 v exported from Morocco skyrocketed to 181K units, growing by 20% against the previous year's figure. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. As a result, the exports attained the peak of 280K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical board and console exports soared to $13M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 71% against the previous year. As a result, the exports reached the peak of $18M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Electrical Board and Console in Morocco (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cote d'Ivoire0.33.63.13.6128.9%
Luxembourg1.71.93.33.426.0%
GuineaN/A0.4N/A3.3187.2%
Benin1.01.40.41.00.0%
Mali0.1N/AN/A0.8100.0%
France1.82.61.80.7-27.0%
Burkina Faso0.82.30.50.1-50.0%
Senegal3.94.81.30.1-70.5%
Others0.70.60.40.5-10.6%
Total10.217.510.813.49.5%

Top Export Markets for Electrical Board and Console from Morocco in 2022:

  1. Cote d'Ivoire (108.4K units)
  2. Mali (21.1K units)
  3. Benin (19.6K units)
  4. Luxembourg (11.9K units)
  5. Guinea (10.3K units)
  6. Senegal (2.3K units)
  7. Burkina Faso (1.5K units)
  8. France (0.8K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for electrical board and console 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 27123203 - Numerical control panels, 1 .000 V < voltage . .72,5 kV
  • Prodcom 27123205 - Numerical control panels, voltage > .72,5 kV

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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