Morocco: Accumulator Market 2022

Accumulator Market Size in Morocco

After three years of growth, the Moroccan accumulator market decreased by -X% to $X in 2021. In general, consumption, however, showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Accumulator Production in Morocco

In value terms, accumulator production fell to $X in 2021 estimated in export price. Overall, production, however, posted strong growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Accumulator production peaked at $X in 2020, and then shrank in the following year.

Accumulator Exports

Exports from Morocco

Accumulator exports from Morocco skyrocketed to X units in 2021, with an increase of X% on 2020 figures. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, accumulator exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Oman (X units) was the main destination for accumulator exports from Morocco, accounting for a X% share of total exports. It was followed by Spain (X units), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Mauritania (+X% per year).

In value terms, Oman ($X) emerged as the key foreign market for accumulator exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Mauritania (+X% per year).

Export Prices by Country

The average accumulator export price stood at $X per unit in 2021, shrinking by -X% against the previous year. Over the period under review, the export price faced a sharp descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Accumulator Imports

Imports into Morocco

In 2021, overseas purchases of electric accumulators decreased by -X% to X units, falling for the second year in a row after five years of growth. Overall, imports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, accumulator imports reduced slightly to $X in 2021. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Spain (X units) and France (X units) were the main suppliers of accumulator imports to Morocco, with a combined X% share of total imports. Germany, Switzerland, the Czech Republic, Turkey, Sweden and Japan lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of accumulator to Morocco, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

In 2021, the average accumulator import price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, accumulator import price increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per unit), while the price for Switzerland ($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