
Morocco - Condensers for Steam or Other Vapour Power Units - Market Analysis, Forecast, Size, Trends and Insights
Morocco: Vapour Power Unit Market 2023
Vapour Power Unit Market Size in Morocco
In 2021, after three years of growth, there was significant decline in the Moroccan vapour power unit market, when its value decreased by -79.5% to $X. Overall, consumption continues to indicate a significant decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.
Vapour Power Unit Exports
Exports from Morocco
In 2021, approx. X kg of condensers for steam or other vapour power units were exported from Morocco; jumping by 22% on 2020 figures. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 646% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.
In value terms, vapour power unit exports skyrocketed to $X in 2021. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 769% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.
Exports by Country
Mauritania (X kg) was the main destination for vapour power unit exports from Morocco, with a approx. 99% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to Mauritania amounted to +37.6%.
In value terms, Mauritania ($X) also remains the key foreign market for vapour power unit exports from Morocco.
From 2012 to 2021, the average annual rate of growth in terms of value to Mauritania stood at +50.8%.
Export Prices by Country
In 2021, the average vapour power unit export price amounted to $X per ton, growing by 37% against the previous year. In general, the export price saw pronounced growth. 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 Mauritania.
From 2012 to 2021, the rate of growth in terms of prices for Mauritania amounted to +8.9% per year.
Vapour Power Unit Imports
Imports into Morocco
In 2021, the amount of condensers for steam or other vapour power units imported into Morocco shrank dramatically to X tons, dropping by -79% compared with 2020 figures. Over the period under review, imports recorded a dramatic shrinkage. The growth pace was the most rapid in 2014 when imports increased by 531% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.
In value terms, vapour power unit imports shrank sharply to $X in 2021. Overall, imports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2014 with an increase of 1,057% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.
Imports by Country
South Korea (X kg), Germany (X kg) and Italy (X kg) were the main suppliers of vapour power unit imports to Morocco, with a combined 95% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +101.1%), while imports for the other leaders experienced a decline.
In value terms, South Korea ($X) constituted the largest supplier of vapour power unit to Morocco, comprising 86% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Spain, with a 1.9% share.
From 2012 to 2021, the average annual rate of growth in terms of value from South Korea totaled -20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+130.1% per year) and Spain (-22.3% per year).
Import Prices by Country
The average vapour power unit import price stood at $X per ton in 2021, surging by 13% against the previous year. In general, the import price posted resilient growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 83%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.
Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the vapour power unit market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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