Morocco: Special Vehicle Body Market 2022

Special Vehicle Body Market Size in Morocco

The Moroccan special vehicle body market was finally on the rise to reach $X in 2021, after six years of decline. In general, consumption, however, saw a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Special Vehicle Body Production in Morocco

In value terms, special vehicle body production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Special Vehicle Body Exports

Exports from Morocco

Special vehicle body exports from Morocco shrank markedly to X units in 2021, with a decrease of -X% against the previous year's figure. Over the period under review, exports recorded a precipitous setback. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, special vehicle body exports contracted markedly to $X in 2021. Overall, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for special vehicle body exports from Morocco, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to -X%.

In value terms, France ($X) also remains the key foreign market for special vehicle body exports from Morocco.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at -X%.

Export Prices by Country

The average special vehicle body export price stood at $X per unit in 2021, jumping by X% against the previous year. Over the period under review, the export price saw a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Special Vehicle Body Imports

Imports into Morocco

In 2021, purchases abroad of bodies for special purpose motor vehicles increased by less than X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, special vehicle body imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt downturn. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest special vehicle body supplier to Morocco, with a X% share of total imports. Moreover, special vehicle body imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the Netherlands (+X% per year).

In value terms, the largest special vehicle body suppliers to Morocco were France ($X), Japan ($X) and Spain ($X), with a combined X% share of total imports. These countries were followed by the Netherlands, China and South Korea, which together accounted for a further X the main suppliers, South Korea, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average special vehicle body import price amounted to $X per unit, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was France ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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