Morocco: Binocular Market 2022

Binocular Market Size in Morocco

The Moroccan binocular market reduced dramatically to $X in 2021, falling by -32.8% 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). Overall, consumption, however, recorded a notable increase. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Binocular Exports

Exports from Morocco

In 2021, the amount of binoculars exported from Morocco shrank rapidly to X units, waning by -42.9% on the year before. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 244,680%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, binocular exports dropped notably to $X in 2021. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2016 with an increase of 275,385% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X units) was the main destination for binocular exports from Morocco, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Austria stood at +51.9%.

In value terms, France ($X) remains the key foreign market for binocular exports from Morocco, comprising 99% of total exports. The second position in the ranking was taken by Austria ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France totaled +48.6%.

Export Prices by Country

In 2021, the average binocular export price amounted to $X per unit, remaining constant against the previous year. In general, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 50% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Austria.

From 2012 to 2021, the rate of growth in terms of prices for France amounted to +39.4% per year.

Binocular Imports

Imports into Morocco

Binocular imports into Morocco declined remarkably to X units in 2021, with a decrease of -49% compared with 2020. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 352%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, binocular imports declined to $X in 2021. In general, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 574%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest binocular supplier to Morocco, accounting for a 70% share of total imports. Moreover, binocular imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+41.4% per year) and Switzerland (+45.3% per year).

In value terms, Switzerland ($X) constituted the largest supplier of binocular to Morocco, comprising 79% of total imports. The second position in the ranking was held by Germany ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Switzerland stood at +111.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.9% per year) and China (-15.7% per year).

Import Prices by Country

The average binocular import price stood at $X per unit in 2021, picking up by 67% against the previous year. Over the period under review, the import price saw significant growth. The growth pace was the most rapid in 2020 when the average import price increased by 201% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+45.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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