Morocco: Concrete-Mixer Lorry Market 2022

Concrete-Mixer Lorry Market Size in Morocco

In 2021, after two years of growth, there was significant decline in the Moroccan concrete-mixer lorry market, when its value decreased by -X% to $X. Over the period under review, consumption, however, showed a notable expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted sharply in the following year.

Concrete-Mixer Lorry Exports

Exports from Morocco

In 2021, overseas shipments of concrete-mixer lorries decreased by -X% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, concrete-mixer lorry exports contracted significantly to $X in 2021. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for concrete-mixer lorry exports from Morocco, with a X% share of total exports. Moreover, concrete-mixer lorry exports to Spain exceeded the volume sent to the second major destination, Equatorial Guinea (X units), threefold.

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

In value terms, Equatorial Guinea ($X) remains the key foreign market for concrete-mixer lorry exports from Morocco, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports.

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

Export Prices by Country

The average concrete-mixer lorry export price stood at $X per unit in 2021, falling by -X% against the previous year. In general, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Equatorial Guinea ($X per unit), while the average price for exports to Spain stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Equatorial Guinea (+X%).

Concrete-Mixer Lorry Imports

Imports into Morocco

In 2021, purchases abroad of concrete-mixer lorries decreased by -X% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then fell notably in the following year.

In value terms, concrete-mixer lorry imports reduced to $X in 2021. Overall, imports continue to indicate a strong increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest concrete-mixer lorry supplier to Morocco, with a X% share of total imports. Moreover, concrete-mixer lorry imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. The third position in this ranking was occupied by the Netherlands (X units), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of concrete-mixer lorry to Morocco, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average concrete-mixer lorry import price stood at $X per unit in 2021, with an increase of X% against the previous year. Over the period under review, the import price recorded a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform