Morocco: Market for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

Market Size for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in Morocco

The Moroccan market for belt type continuous-action elevators and conveyors for goods or materials soared to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Exports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Exports from Morocco

In 2022, exports of belt type continuous-action elevators and conveyors for goods or materials from Morocco declined sharply to X units, shrinking by X% compared with 2021 figures. Overall, exports, however, showed a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials contracted markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia (X units) was the main destination for exports of belt type continuous-action elevators and conveyors for goods or materials from Morocco, with a X% share of total exports. Moreover, exports of belt type continuous-action elevators and conveyors for goods or materials to Tunisia exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), ninefold. The third position in this ranking was taken by Spain (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Tunisia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Spain (X% per year).

In value terms, Tunisia ($X) emerged as the key foreign market for belt type continuous-action elevators and conveyors for goods or materials exports from Morocco, comprising X% of total exports. The second position in the ranking was held by Mauritania ($X), with an X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Tunisia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average export price for belt type continuous-action elevators and conveyors for goods or materials amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritania ($X per unit), while the average price for exports to the Netherlands ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports into Morocco

After two years of decline, purchases abroad of belt type continuous-action elevators and conveyors for goods or materials increased by X% to X units in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials soared to $X in 2022. Overall, imports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X units), Spain (X units) and Turkey (X units) were the main suppliers of imports of belt type continuous-action elevators and conveyors for goods or materials to Morocco, together accounting for X% of total imports. Germany, Italy, France, Portugal, Egypt and South Korea 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 Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest belt type continuous-action elevator and conveyor suppliers to Morocco were Spain ($X), China ($X) and Germany ($X), with a combined X% share of total imports. Turkey, Italy, France, Portugal, Egypt and South Korea lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 belt type continuous-action elevators and conveyors for goods or materials stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price recorded a slight slump. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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