Price for Non-Furniture Refrigerating or Freezing Equipment in Morocco - 2022
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Morocco (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Morocco (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Morocco
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Morocco
Price for Non-Furniture Refrigerating or Freezing Equipment in Morocco (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $151 per unit, which is down by -11.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. As a result, import price reached the peak level of $171 per unit, and then declined in the following year.
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 Sweden ($358 per unit), while the price for the Netherlands ($92 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Morocco (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $177 per unit in December 2022, with an increase of 10% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 242% m-o-m. The export price peaked at $359 per unit in September 2022; however, from October 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Mauritania ($269 per unit), while the average price for exports to France ($165 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 France (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Morocco
In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Morocco expanded rapidly to 222K units, with an increase of 11% on the year before. Overall, imports, however, showed a noticeable setback. Over the period under review, imports attained the maximum at 252K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, non-furniture refrigerating or freezing equipment imports reduced slightly to $33M in 2022. In general, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Imports peaked at $39M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Non-Furniture Refrigerating or Freezing Equipment in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 10.8 | 5.1 | 13.1 | 9.9 | -2.9% |
Italy | 4.3 | 4.9 | 5.5 | 4.7 | 3.0% |
Spain | 10.0 | 2.2 | 6.5 | 3.6 | -28.9% |
Turkey | 3.3 | 1.3 | 1.3 | 3.4 | 1.0% |
China | 0.8 | 2.6 | 1.4 | 3.0 | 55.4% |
Sweden | 1.5 | 1.3 | 0.7 | 1.9 | 8.2% |
Germany | 1.7 | 4.0 | 0.7 | 1.1 | -13.5% |
Czech Republic | 1.2 | 0.3 | 0.6 | 1.0 | -5.9% |
Netherlands | 0.6 | 0.9 | 0.2 | 0.8 | 10.1% |
Belgium | 0.1 | 0.1 | 0.5 | 0.8 | 100.0% |
Others | 4.3 | 3.2 | 3.5 | 3.2 | -9.4% |
Total | 38.7 | 26.1 | 34.0 | 33.4 | -4.8% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Morocco in 2022:
- France (75.3K units)
- Spain (30.3K units)
- Italy (29.8K units)
- China (25.7K units)
- Turkey (16.0K units)
- Germany (9.2K units)
- Netherlands (8.4K units)
- Sweden (5.3K units)
- Belgium (4.6K units)
- Czech Republic (4.5K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Morocco
Non-furniture refrigerating or freezing equipment exports from Morocco soared to 34K units in 2022, picking up by 56% on 2021 figures. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 87% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, non-furniture refrigerating or freezing equipment exports surged to $4.4M in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 121%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Non-Furniture Refrigerating or Freezing Equipment in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mauritania | 401 | 352 | 1,797 | 1,682 | 61.3% |
Algeria | N/A | 701 | 897 | 786 | 5.9% |
France | 214 | N/A | N/A | 720 | 49.8% |
Cote d'Ivoire | 344 | 40.0 | 133 | 613 | 21.2% |
Senegal | 226 | 330 | 371 | 208 | -2.7% |
Libya | N/A | 78.1 | N/A | 130 | 29.0% |
Gabon | N/A | 113 | 349 | N/A | 208.8% |
Guinea | 278 | 5.5 | 7.5 | N/A | -83.6% |
Others | 386 | 98.5 | 247 | 255 | -12.9% |
Total | 1,848 | 1,718 | 3,803 | 4,396 | 33.5% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Morocco in 2022:
- Mauritania (21.6K units)
- Algeria (4.6K units)
- France (4.5K units)
- Cote d'Ivoire (2.6K units)
- Libya (0.9K units)
- Senegal (0.6K units)
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