Morocco - Road Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRoad Wheel Price in Morocco - 2022
Contents:
- Road Wheel Price in Morocco (FOB) - 2022
- Road Wheel Price in Morocco (CIF) - 2022
- Road Wheel Exports in Morocco
- Road Wheel Imports in Morocco
Road Wheel Price in Morocco (FOB) - 2022
The average road wheel export price stood at $5,734 per ton in December 2022, almost unchanged from the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 4.5% month-to-month. The export price peaked at $5,953 per ton in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In December 2022, the countries with the highest prices were the United States ($6,442 per ton) and Germany ($5,993 per ton), while the average price for exports to the Czech Republic ($4,854 per ton) and the UK ($5,038 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Road Wheel Price in Morocco (CIF) - 2022
In 2022, the average road wheel import price amounted to $5,653 per ton, with an increase of 4.4% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, road wheel import price increased by +9.6% against 2018 indices. The growth pace was the most rapid in 2017 when the average import price increased by 38%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($8,806 per ton), while the price for Japan ($2,570 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Road Wheel Exports in Morocco
For the fourth year in a row, Morocco recorded growth in shipments abroad of road wheels, which increased by 39% to 82K tons in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 135%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, road wheel exports surged to $468M in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 258% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
Export of Road Wheel in Morocco (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 33.6 | 67.8 | 138 | 179 | 74.7% |
Spain | N/A | 8.6 | 38.2 | 86.2 | 216.6% |
France | 9.3 | 73.8 | 63.6 | 68.5 | 94.6% |
Czech Republic | N/A | 2.6 | 33.2 | 65.6 | 402.3% |
United Kingdom | N/A | N/A | 17.1 | 35.7 | 108.8% |
Romania | N/A | 0.6 | 8.5 | 10.5 | 318.3% |
Germany | N/A | N/A | 1.6 | 9.9 | 518.8% |
Others | 0.1 | 0.5 | 20.9 | 12.5 | 400.0% |
Total | 43.0 | 154 | 321 | 468 | 121.6% |
Top Export Markets for Road Wheel from Morocco in 2022:
- United States (27.0K tons)
- Spain (16.2K tons)
- Czech Republic (13.0K tons)
- France (12.7K tons)
- United Kingdom (6.6K tons)
- Romania (2.1K tons)
- Germany (1.7K tons)
Road Wheel Imports in Morocco
In 2022, road wheel imports into Morocco soared to 19K tons, with an increase of 15% against the year before. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, imports attained the peak of 20K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, road wheel imports skyrocketed to $107M in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 21%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Road Wheel in Morocco (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 19.7 | 46.5 | 42.0 | 52.8 | 38.9% |
France | 45.7 | 46.3 | 16.4 | 19.8 | -24.3% |
Romania | N/A | 0.1 | 15.9 | 15.6 | 1149.0% |
Spain | 5.6 | 2.3 | 7.3 | 9.1 | 17.6% |
Turkey | 1.1 | 3.4 | 5.3 | 4.7 | 62.3% |
United States | 0.3 | 0.1 | 0.1 | 1.7 | 78.3% |
Japan | 7.8 | 0.1 | 0.1 | 0.1 | -76.6% |
Others | 2.4 | 1.2 | 2.3 | 3.6 | 14.5% |
Total | 82.5 | 100 | 89.4 | 107 | 9.1% |
Top Suppliers of Road Wheel to Morocco in 2022:
- Japan (undefinedK tons)
- China (9.9K tons)
- France (4.0K tons)
- Romania (1.8K tons)
- Spain (1.3K tons)
- Turkey (1.2K tons)
- United States (0.3K tons)
This report provides an in-depth analysis of the road wheel 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 29323040 - Road wheels and parts and accessories thereof
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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