Morocco: Industrial Bakery Machinery Market 2022

Industrial Bakery Machinery Market Size in Morocco

The Moroccan industrial bakery machinery market declined to $X in 2021, waning by -X% 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). Over the period under review, consumption posted a prominent increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Industrial Bakery Machinery Exports

Exports from Morocco

In 2021, the amount of industrial bakery machinery exported from Morocco totaled X units, remaining relatively unchanged against 2020. Over the period under review, exports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, industrial bakery machinery exports reduced modestly to $X in 2021. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Equatorial Guinea (X units) was the main destination for industrial bakery machinery exports from Morocco, with a X% share of total exports. Moreover, industrial bakery machinery exports to Equatorial Guinea exceeded the volume sent to the second major destination, Mauritania (X units), fourfold. The third position in this ranking was occupied by Senegal (X units), with a X% share.

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

In value terms, Equatorial Guinea ($X) remains the key foreign market for industrial bakery machinery exports from Morocco, comprising X% of total exports. The second position in the ranking was occupied by Mauritania ($X), with an X% share of total exports. It was followed by Spain, with a X% share.

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

Export Prices by Country

The average industrial bakery machinery export price stood at $X per unit in 2021, approximately mirroring the previous year. In general, the export price, however, faced a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Equatorial Guinea ($X per unit), while the average price for exports to Mauritania ($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 Mauritania (-X%), while the prices for the other major destinations experienced a decline.

Industrial Bakery Machinery Imports

Imports into Morocco

Industrial bakery machinery imports into Morocco expanded to X units in 2021, growing by X% on the previous year's figure. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, industrial bakery machinery imports reduced remarkably to $X in 2021. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2020, and then fell markedly in the following year.

Imports by Country

France (X units), Italy (X units) and China (X units) were the main suppliers of industrial bakery machinery imports to Morocco, together accounting for X% of total imports. Germany, Egypt, Turkey and the Netherlands lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and China ($X) constituted the largest industrial bakery machinery suppliers to Morocco, together comprising X% of total imports. These countries were followed by Germany, Turkey, the Netherlands and Egypt, which together accounted for a further X Netherlands, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 industrial bakery machinery import price amounted to $X per unit, dropping by -X% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform