Morocco - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Morocco - 2022
Contents:
- Thermostat Price in Morocco (CIF) - 2022
- Thermostat Price in Morocco (FOB) - 2022
- Thermostat Imports in Morocco
- Thermostat Exports in Morocco
Thermostat Price in Morocco (CIF) - 2022
The average thermostat import price stood at $2.9 per unit in December 2022, which is down by -21.9% against the previous month. In general, import price indicated mild growth from December 2021 to December 2022: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, thermostat import price increased by +86.5% against August 2022 indices. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 97% month-to-month. Over the period under review, average import prices attained the peak figure at $3.7 per unit in November 2022, and then reduced notably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($6.3 per unit), while the price for Greece ($1.1 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Thermostat Price in Morocco (FOB) - 2022
In 2022, the average thermostat export price amounted to $28 per unit, increasing by 22% against the previous year. In general, the export price, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 100% against the previous year. Over the period under review, the average export prices hit record highs at $44 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 Algeria ($91 per unit), while the average price for exports to South Africa ($4.6 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 Mexico (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Imports in Morocco
Thermostat imports into Morocco soared to 514K units in 2022, increasing by 53% compared with the previous year's figure. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 67%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, thermostat imports amounted to $5.8M in 2022. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 88% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Thermostat in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 698 | 418 | 904 | 1,604 | 32.0% |
| Spain | 487 | 463 | 1,449 | 732 | 14.5% |
| France | 515 | 430 | 757 | 644 | 7.7% |
| Israel | N/A | N/A | 239 | 563 | 135.6% |
| Italy | 481 | 448 | 809 | 503 | 1.5% |
| Czech Republic | 260 | 345 | 407 | 282 | 2.7% |
| Turkey | 142 | 104 | 140 | 169 | 6.0% |
| Others | 684 | 839 | 1,031 | 1,300 | 23.9% |
| Total | 3,268 | 3,046 | 5,738 | 5,797 | 21.1% |
Top Suppliers of Thermostat to Morocco in 2022:
- China (242.7K units)
- Czech Republic (72.1K units)
- France (59.1K units)
- Israel (40.6K units)
- Turkey (39.4K units)
- Italy (24.4K units)
- Spain (17.6K units)
Thermostat Exports in Morocco
After three years of growth, overseas shipments of thermostats decreased by -4.6% to 1.9K units in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year. As a result, the exports reached the peak of 2K units, and then fell slightly in the following year.
In value terms, thermostat exports soared to $52K in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 75% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Thermostat in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.5 | 1.7 | 3.1 | 21.7 | 105.5% |
| Algeria | 2.3 | 15.7 | 0.2 | 7.6 | 48.9% |
| Belgium | 0.5 | 0.2 | 1.0 | 5.2 | 118.3% |
| South Africa | N/A | 0.1 | 0.2 | 4.6 | 578.2% |
| Senegal | 0.4 | 4.7 | 0.8 | 3.9 | 113.6% |
| Gabon | 0.5 | 0.9 | 0.6 | 1.8 | 53.3% |
| France | 1.3 | 1.2 | 5.4 | 0.3 | -38.7% |
| Argentina | 2.5 | 2.4 | 14.1 | N/A | 137.5% |
| Mexico | 5.1 | 10.0 | 8.2 | N/A | 26.8% |
| Netherlands | 6.3 | 5.5 | N/A | N/A | -12.7% |
| Others | 7.8 | 8.7 | 10.6 | 6.6 | -5.4% |
| Total | 29.1 | 51.1 | 44.3 | 51.7 | 21.1% |
Top Export Markets for Thermostat from Morocco in 2022:
- South Africa (1002.0 units)
- Spain (327.0 units)
- Belgium (194.0 units)
- Senegal (99.0 units)
- Algeria (83.0 units)
- Gabon (49.0 units)
- France (31.0 units)
This report provides an in-depth analysis of the thermostat 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
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
-
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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