Report Update: Apr 1, 2024

Morocco - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights

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Refrigerator and Freezer Price in Morocco - 2022

Refrigerator and Freezer Price in Morocco (CIF) - 2022

The average refrigerator and freezer import price stood at $214 per unit in 2022, increasing by 6.7% against the previous year. Over the period under review, the import price, however, recorded a noticeable decrease. The growth pace was the most rapid in 2016 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $296 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($337 per unit), while the price for China ($154 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.4%), while the prices for the other major suppliers experienced a decline.

Refrigerator and Freezer Price in Morocco (FOB) - 2022

The average refrigerator and freezer export price stood at $353 per unit in 2022, surging by 7.7% against the previous year. Over the period under review, the export price posted moderate growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 77%. Over the period under review, the average export prices reached the peak figure at $525 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guinea ($554 per unit), while the average price for exports to Libya ($9 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 Cote d'Ivoire (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator and Freezer Imports in Morocco

In 2022, the amount of refrigerators and freezers imported into Morocco dropped dramatically to 670K units, waning by -21.6% compared with the previous year. In general, imports saw a slight reduction. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of 854K units, and then reduced markedly in the following year.

In value terms, refrigerator and freezer imports declined rapidly to $144M in 2022. Over the period under review, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61%. As a result, imports attained the peak of $172M, and then declined rapidly in the following year.

Import of Refrigerator and Freezer in Morocco (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	42.5	35.4	52.7	43.5	0.8%
Poland	15.6	12.8	22.2	22.2	12.5%
China	23.6	20.4	38.7	18.1	-8.5%
Romania	3.6	3.1	5.7	11.7	48.1%
Portugal	3.3	3.7	7.5	9.3	41.3%
Italy	4.3	3.3	6.9	7.5	20.4%
India	9.3	6.2	8.7	7.3	-7.8%
Egypt	3.6	1.4	5.5	6.5	21.8%
Thailand	9.5	8.0	8.4	5.1	-18.7%
Spain	1.7	0.9	2.5	2.9	19.5%
Indonesia	2.6	2.8	2.3	2.3	-4.0%
Hungary	5.1	2.6	1.7	1.4	-35.0%
Others	6.0	5.8	8.8	5.8	-1.1%
Total	131	106	172	144	3.2%

Top Suppliers of Refrigerator and Freezer to Morocco in 2022:

Turkey (183.8K units)
China (117.5K units)
Poland (65.9K units)
Romania (58.8K units)
Portugal (52.2K units)
Italy (47.6K units)
Egypt (31.5K units)
India (31.0K units)
Spain (21.6K units)
Thailand (20.3K units)
Indonesia (9.4K units)
Hungary (3.3K units)

Refrigerator and Freezer Exports in Morocco

In 2022, exports of refrigerators and freezers from Morocco dropped sharply to 417 units, waning by -45.8% on 2021 figures. Overall, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of 770 units, and then fell rapidly in the following year.

In value terms, refrigerator and freezer exports fell notably to $147K in 2022. Over the period under review, exports faced a sharp downturn. The smallest decline of -14% was in 2020. The exports peaked at $342K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Refrigerator and Freezer in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Gabon	1.2	34.0	13.4	51.7	250.6%
Senegal	30.7	24.9	13.6	27.5	-3.6%
Cote d'Ivoire	13.2	71.9	39.4	23.6	21.4%
Mauritania	95.6	74.4	142	19.8	-40.8%
Guinea	17.9	42.2	7.1	4.4	-37.4%
Cameroon	N/A	1.9	11.2	4.4	52.2%
Tunisia	18.6	N/A	N/A	2.7	-47.4%
Burkina Faso	N/A	22.8	6.0	0.8	-81.3%
Mali	16.7	0.4	2.6	0.3	-73.8%
Spain	14.6	0.3	0.4	N/A	-83.4%
China	N/A	N/A	12.2	N/A	0%
Oman	33.6	N/A	N/A	N/A	0%
Others	100	21.2	4.6	12.0	-50.7%
Total	342	294	252	147	-24.5%

Top Export Markets for Refrigerator and Freezer from Morocco in 2022:

Gabon (143.0 units)
Cote d'Ivoire (96.0 units)
Senegal (66.0 units)
Mauritania (53.0 units)
Burkina Faso (12.0 units)
Cameroon (9.0 units)
Tunisia (8.0 units)
Guinea (8.0 units)
Mali (2.0 units)
Spain (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refrigerator and freezer market 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 27511110 - Combined refrigerators-freezers, with separate external doors
Prodcom 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)
Prodcom 27511135 - Compression-type built-in refrigerators
Prodcom 27511150 - Chest freezers of a capacity . .800 litres
Prodcom 27511170 - Upright freezers of a capacity . .900 litres

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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