Price for Tools, Hand; Other than Household Tools in Morocco - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Morocco (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Morocco (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Morocco
- Exports of Tools, Hand; Other than Household Tools in Morocco
Price for Tools, Hand; Other than Household Tools in Morocco (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $7,915 per ton in 2022, which is down by -4% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 tools, hand; other than household toolses decreased by -37.7% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 52% against the previous year. The import price peaked at $12,707 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 the United States ($65,729 per ton), while the price for China ($2,972 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Morocco (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $17,338 per ton, surging by 85% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The export price peaked at $123,688 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($54,300 per ton), while the average price for exports to Mauritania ($3,996 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.0%), while the prices for the other major destinations experienced a decline.
Imports of Tools, Hand; Other than Household Tools in Morocco
In 2022, imports of tools, hand; other than household toolses into Morocco shrank slightly to 1.3K tons, dropping by -3.8% on 2021. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of 1.3K tons, and then fell modestly in the following year.
In value terms, imports of tools, hand; other than household toolses reduced to $10M in 2022. Overall, imports saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 5.6%.
| Import of Tools, Hand; Other than Household Tools in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.3 | 3.1 | 3.0 | 4.9% |
| France | 5.1 | 4.0 | 3.2 | 2.2 | -24.4% |
| United States | 1.5 | 1.3 | 0.6 | 1.5 | 0.0% |
| Spain | 0.9 | 0.8 | 0.6 | 0.6 | -12.6% |
| Italy | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Turkey | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Sweden | 0.4 | 0.2 | 0.7 | 0.2 | -20.6% |
| India | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 1.8 | 1.3 | 2.1 | 1.9 | 1.8% |
| Total | 12.8 | 10.2 | 10.8 | 10.0 | -7.9% |
Top Suppliers of Tools, Hand; Other than Household Tools to Morocco in 2022:
- China (1025.0 tons)
- Spain (44.1 tons)
- France (43.0 tons)
- Italy (34.6 tons)
- India (26.4 tons)
- United States (22.9 tons)
- Turkey (17.3 tons)
- Sweden (6.2 tons)
Exports of Tools, Hand; Other than Household Tools in Morocco
In 2022, after three years of growth, there was significant decline in overseas shipments of tools, hand; other than household toolses, when their volume decreased by -78.5% to 15 tons. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 472% against the previous year.
In value terms, exports of tools, hand; other than household toolses dropped sharply to $262K in 2022. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 507% against the previous year. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Tools, Hand; Other than Household Tools in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 47.9 | 919 | 20.4 | 120 | 35.8% |
| Mauritania | 11.0 | 138 | 99.1 | 28.4 | 37.2% |
| India | N/A | N/A | 11.6 | 22.8 | 96.6% |
| United Kingdom | N/A | 0.1 | 304 | 19.7 | 1303.6% |
| Spain | 34.5 | 27.5 | 29.4 | 7.2 | -40.7% |
| Germany | 10.8 | 3.1 | 0.1 | 5.0 | -22.6% |
| Equatorial Guinea | N/A | N/A | N/A | 3.9 | 0% |
| Others | 84.3 | 56.0 | 193 | 55.2 | -13.2% |
| Total | 188 | 1,144 | 658 | 262 | 11.7% |
Top Export Markets for Tools, Hand; Other than Household Tools from Morocco in 2022:
- Mauritania (7.1 tons)
- France (2.8 tons)
- United Kingdom (2.2 tons)
- India (0.4 tons)
- Spain (0.4 tons)
- Equatorial Guinea (0.3 tons)
- Germany (0.3 tons)
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