Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Morocco - 2023

Contents:

1. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Morocco (CIF) - 2022
2. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Morocco (FOB) - 2022
3. Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Morocco
4. Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Morocco

Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Morocco (CIF) - 2022

In 2022, the average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $549 per unit, with an increase of 36% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses increased by +43.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($551 per unit) and Turkey ($550 per unit), while the price for China ($540 per unit) and France ($548 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Morocco (FOB) - 2022

In 2022, the average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $361 per unit, which is down by -41% against the previous year. Overall, the export price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 94%. The export price peaked at $704 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($410 per unit), while the average price for exports to France ($1 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 Madagascar (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Morocco

In 2022, approx. 2.9K units of heaters; instantaneous or storage water heaters, non-electric, other than gasses were imported into Morocco; with a decrease of -90.3% against the previous year. In general, imports recorded a dramatic shrinkage. The growth pace was the most rapid in 2021 when imports increased by 3.9% against the previous year. Over the period under review, imports of attained the maximum at 30K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses contracted sharply to $1.6M in 2022. Overall, imports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 9%. As a result, imports attained the peak of $12M, and then dropped markedly in the following year.

Top Suppliers of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas to Morocco in 2022:

1. Italy (928.0 units)
2. Spain (600.0 units)
3. Turkey (349.0 units)
4. Greece (227.0 units)
5. France (207.0 units)
6. Australia (200.0 units)
7. Germany (177.0 units)
8. Portugal (105.0 units)
9. Poland (79.0 units)
10. China (8.0 units)

Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Morocco

For the third consecutive year, Morocco recorded decline in shipments abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses, which decreased by -36% to 16 units in 2022. Over the period under review, exports showed a dramatic decline. The exports peaked at 114 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses reduced sharply to $5.8K in 2022. In general, exports showed a dramatic curtailment. The smallest decline of -51.7% was in 2021. The exports peaked at $74K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas from Morocco in 2022:

1. Cote d'Ivoire (14.0 units)
2. Spain (1.0 units)
3. France (1.0 units)

Source: IndexBox Market Intelligence Platform