Morocco: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Morocco

The Moroccan market for turbo, rotary and reciporating displacement compressors amounted to $X in 2022, rising by X% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Morocco

In value terms, production of turbo, rotary and reciporating displacement compressors expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Morocco

In 2022, after six years of growth, there was significant decline in overseas shipments of turbo, rotary and reciporating displacement compressors, when their volume decreased by X% to X units. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors dropped slightly to $X in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Spain (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Morocco, with a X% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to Spain exceeded the volume sent to the second major destination, Slovakia (X units), fourfold. France (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and France (X% per year).

In value terms, Spain ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Slovakia ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovakia ($X per unit) and France ($X per unit), while the average price for exports to Germany ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Morocco

In 2022, imports of turbo, rotary and reciporating displacement compressors into Morocco skyrocketed to X units, with an increase of X% compared with 2021. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports of attained the maximum at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of turbo, rotary and reciporating displacement compressors expanded rapidly to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Belgium (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to Morocco, with a combined X% share of total imports. The United States, France, Malaysia, Turkey, Italy, Spain and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Malaysia ($X) and Italy ($X) were the largest turbo, rotary and reciporating displacement compressor suppliers to Morocco, together accounting for X% of total imports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :